CACI International (NYSE:CACI) Given New $503.00 Price Target at Wells Fargo & Company

CACI International (NYSE:CACI) had its target price decreased by Wells Fargo & Company from $564.00 to $503.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the information technology services provider’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 20.98% from the stock’s current price.

Several other brokerages have also issued reports on CACI. The Goldman Sachs Group lowered shares of CACI International from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $540.00 to $373.00 in a report on Thursday, December 12th. TD Cowen raised shares of CACI International to a “strong-buy” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. upped 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. Raymond James raised CACI International from a “market perform” rating to an “outperform” rating and set a $475.00 target price on the stock in a research report on Thursday, January 2nd. Finally, Bank of America raised their price target on CACI International from $535.00 to $555.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, CACI International currently has a consensus rating of “Moderate Buy” and an average price target of $522.09.

CACI International Stock Performance

NYSE:CACI opened at $415.76 on Wednesday. The company’s 50-day moving average is $455.99 and its two-hundred day moving average is $469.97. The firm has a market capitalization of $9.32 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 1.33 and a beta of 0.87. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.75 and a quick ratio of 1.75. CACI International has a 1-year low of $321.85 and a 1-year high of $588.26.

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 for the quarter, topping 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 company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same period in the prior year, the business posted $4.36 earnings per share. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. Analysts forecast that CACI International will post 23.45 EPS for the current year.

Hedge Funds Weigh In On CACI International

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. First Horizon Advisors Inc. grew its stake in shares of CACI International by 40.0% during the third quarter. First Horizon Advisors Inc. now owns 63 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 18 shares in the last quarter. UMB Bank n.a. raised its position in shares of CACI International by 81.4% during the 3rd quarter. UMB Bank n.a. now owns 78 shares of the information technology services provider’s stock worth $39,000 after acquiring an additional 35 shares in the last quarter. Coastline Trust Co purchased a new stake in CACI International during the third quarter worth approximately $45,000. GAMMA Investing LLC boosted its holdings in 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 purchasing an additional 50 shares in the last quarter. Finally, Rosenberg Matthew Hamilton increased its stake in 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 purchasing an additional 19 shares during the last quarter. 86.43% of the stock is owned by institutional investors and hedge funds.

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.