Wells Fargo & Company Lowers CACI International (NYSE:CACI) Price Target to $564.00

CACI International (NYSE:CACI) had its price objective reduced by Wells Fargo & Company from $637.00 to $564.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the information technology services provider’s stock. Wells Fargo & Company‘s target price points to a potential upside of 22.53% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Truist Financial reduced their price objective on shares of CACI International from $650.00 to $550.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. The Goldman Sachs Group boosted their price target on shares of CACI International from $471.00 to $520.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Robert W. Baird raised their price objective on CACI International from $533.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Raymond James cut CACI International from an “outperform” rating to a “market perform” rating in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. lifted their price objective on CACI International from $520.00 to $555.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $535.90.

CACI International Stock Down 2.6 %

Shares of NYSE:CACI opened at $460.30 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a market cap of $10.32 billion, a price-to-earnings ratio of 22.85, a P/E/G ratio of 1.44 and a beta of 0.91. The company has a 50 day moving average of $516.70 and a 200-day moving average of $470.98. CACI International has a one year low of $314.06 and a one year high of $588.26.

CACI International (NYSE:CACI) last posted 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 company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.92 billion. CACI International had a return on equity of 14.78% and a net margin of 5.77%. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.36 EPS. On average, sell-side analysts forecast that CACI International will post 23.45 earnings per share for the current year.

Insider Activity

In related news, insider Gregory R. Bradford sold 10,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $492.41, for a total transaction of $4,924,100.00. Following the sale, the insider now owns 35,538 shares in the company, valued at approximately $17,499,266.58. This represents a 21.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.35% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CACI. First Horizon Advisors Inc. boosted 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 buying an additional 18 shares during the last quarter. UMB Bank n.a. lifted its stake in CACI International by 81.4% in the third quarter. UMB Bank n.a. now owns 78 shares of the information technology services provider’s stock valued at $39,000 after acquiring an additional 35 shares during the last quarter. Coastline Trust Co bought a new position in shares of CACI International in the 3rd quarter valued at about $45,000. Versant Capital Management Inc increased its stake in shares of CACI International by 900.0% during the 2nd quarter. Versant Capital Management Inc now owns 100 shares of the information technology services provider’s stock worth $43,000 after purchasing an additional 90 shares during the last quarter. Finally, Rosenberg Matthew Hamilton raised its holdings in shares of CACI International by 9.8% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 212 shares of the information technology services provider’s stock valued at $107,000 after purchasing an additional 19 shares during the period. Institutional investors and hedge funds own 86.43% of the company’s stock.

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.