Wells Fargo & Company Has Lowered Expectations for CACI International (NYSE:CACI) Stock Price

CACI International (NYSE:CACI) had its price target dropped by equities research analysts at Wells Fargo & Company from $536.00 to $480.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the information technology services provider’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 44.24% from the company’s current price.

Other research analysts have also issued reports about the stock. Truist Financial decreased their price target on shares of CACI International from $650.00 to $550.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Robert W. Baird restated an “outperform” rating and set a $640.00 price target on shares of CACI International in a research report on Tuesday, December 17th. Cantor Fitzgerald raised shares of CACI International to a “strong-buy” rating in a report on Tuesday. UBS Group began coverage on shares of CACI International in a research note on Monday, December 2nd. They set a “buy” rating and a $557.00 target price for the company. Finally, William Blair lowered shares of CACI International from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $521.92.

CACI International Stock Up 0.2 %

Shares of NYSE:CACI opened at $332.77 on Wednesday. The company has a 50 day moving average of $396.59 and a two-hundred day moving average of $458.27. CACI International has a 52-week low of $318.60 and a 52-week high of $588.26. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $7.46 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 1.01 and a beta of 0.87.

CACI International (NYSE:CACI) last released its quarterly earnings results on Wednesday, January 22nd. The information technology services provider reported $5.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.28 by $0.67. CACI International had a net margin of 5.90% and a return on equity of 15.30%. As a group, analysts forecast that CACI International will post 23.94 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CACI International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CACI. Sterling Capital Management LLC grew its position in CACI International by 256.0% in the fourth quarter. Sterling Capital Management LLC now owns 74,708 shares of the information technology services provider’s stock worth $30,187,000 after acquiring an additional 53,724 shares in the last quarter. Van ECK Associates Corp boosted its holdings in CACI International by 35.2% in the fourth quarter. Van ECK Associates Corp now owns 157,098 shares of the information technology services provider’s stock worth $63,477,000 after purchasing an additional 40,867 shares in the last quarter. Geode Capital Management LLC increased its position in CACI International by 5.0% during the third quarter. Geode Capital Management LLC now owns 482,274 shares of the information technology services provider’s stock worth $243,386,000 after buying an additional 22,823 shares during the last quarter. River Road Asset Management LLC bought a new position in CACI International during the fourth quarter valued at about $8,585,000. Finally, Russell Investments Group Ltd. lifted its position in shares of CACI International by 51.9% in the fourth quarter. Russell Investments Group Ltd. now owns 46,919 shares of the information technology services provider’s stock worth $18,936,000 after buying an additional 16,037 shares during the last quarter. Institutional investors own 86.43% of the company’s stock.

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.