Wells Fargo & Company Cuts CACI International (NYSE:CACI) Price Target to $503.00

CACI International (NYSE:CACI) had its price target lowered by Wells Fargo & Company from $564.00 to $503.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the information technology services provider’s stock.

Other research analysts have also issued reports about the company. Truist Financial reduced their target price on CACI International from $650.00 to $550.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. JPMorgan Chase & Co. boosted their price objective on CACI International from $520.00 to $555.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. UBS Group initiated coverage on shares of CACI International in a research note on Monday, December 2nd. They issued a “buy” rating and a $557.00 price target on the stock. Robert W. Baird reissued an “outperform” rating and set a $640.00 price objective on shares of CACI International in a research report on Tuesday, December 17th. Finally, TD Cowen raised shares of CACI International to a “strong-buy” rating in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $522.09.

CACI International Stock Performance

CACI International stock opened at $432.19 on Wednesday. CACI International has a 12-month low of $326.47 and a 12-month high of $588.26. The stock has a 50-day simple moving average of $455.99 and a 200 day simple moving average of $469.97. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $9.68 billion, a price-to-earnings ratio of 21.42, a P/E/G ratio of 1.33 and a beta of 0.87.

CACI International (NYSE:CACI) last announced its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share for the quarter, beating analysts’ consensus estimates of $5.08 by $0.85. The business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.92 billion. CACI International had a net margin of 5.77% and a return on equity of 14.78%. CACI International’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period last year, the company posted $4.36 EPS. On average, research analysts anticipate that CACI International will post 23.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. First Horizon Advisors Inc. raised its holdings in shares of CACI International by 40.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 63 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 18 shares during the period. UMB Bank n.a. increased its position in CACI International by 81.4% during the third quarter. UMB Bank n.a. now owns 78 shares of the information technology services provider’s stock worth $39,000 after buying an additional 35 shares during the last quarter. Coastline Trust Co bought a new stake in CACI International in the third quarter valued at approximately $45,000. GAMMA Investing LLC lifted its position in shares of CACI International by 69.4% in the fourth quarter. GAMMA Investing LLC now owns 122 shares of the information technology services provider’s stock valued at $49,000 after buying an additional 50 shares during the last quarter. Finally, Rosenberg Matthew Hamilton lifted its position in shares of CACI International by 9.8% in the third quarter. Rosenberg Matthew Hamilton now owns 212 shares of the information technology services provider’s stock valued at $107,000 after buying an additional 19 shares during the last quarter. 86.43% of the stock is currently owned by institutional investors.

CACI International Company Profile

CACI International Inc, through its subsidiaries, engages in the provision of expertise and technology to enterprise and mission customers in support of national security in the intelligence, defense, and federal civilian sectors. The company operates through two segments, Domestic Operations and International Operations.