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

CACI International (NYSE:CACI) had its price objective cut by Wells Fargo & Company from $564.00 to $503.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the information technology services provider’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 22.41% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. raised their price objective on shares of CACI International from $520.00 to $555.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. StockNews.com cut CACI International from a “buy” rating to a “hold” rating in a report on Friday, December 27th. UBS Group initiated coverage on CACI International in a report on Monday, December 2nd. They issued a “buy” rating and a $557.00 price target on the stock. The Goldman Sachs Group downgraded CACI International from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $540.00 to $373.00 in a report on Thursday, December 12th. Finally, Truist Financial cut their target price on CACI International from $650.00 to $550.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $530.27.

CACI International Trading Down 0.7 %

NYSE:CACI traded down $3.02 on Wednesday, reaching $410.93. The company’s stock had a trading volume of 22,706 shares, compared to its average volume of 165,356. CACI International has a 1-year low of $321.85 and a 1-year high of $588.26. The business’s 50-day moving average price is $461.66 and its two-hundred day moving average price is $470.74. The firm has a market cap of $9.21 billion, a PE ratio of 20.36, a PEG ratio of 1.33 and a beta of 0.87. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.75 and a current ratio of 1.75.

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

Institutional Trading of CACI International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wedbush Securities Inc. increased its position in CACI International by 38.3% during the second quarter. Wedbush Securities Inc. now owns 932 shares of the information technology services provider’s stock worth $401,000 after buying an additional 258 shares during the last quarter. Kendall Capital Management raised its stake in CACI International by 8.9% in the 2nd quarter. Kendall Capital Management now owns 1,219 shares of the information technology services provider’s stock valued at $524,000 after acquiring an additional 100 shares during the period. Bridges Investment Management Inc. bought a new stake in CACI International in the 2nd quarter valued at $489,000. Pacer Advisors Inc. lifted its holdings in CACI International by 25.5% during the 2nd quarter. Pacer Advisors Inc. now owns 4,238 shares of the information technology services provider’s stock valued at $1,823,000 after purchasing an additional 861 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its position in CACI International by 26.7% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 48,923 shares of the information technology services provider’s stock worth $21,043,000 after purchasing an additional 10,295 shares during the period. 86.43% of the stock is owned by institutional investors.

About CACI International

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.