CACI International (NYSE:CACI) Price Target Cut to $564.00 by Analysts at Wells Fargo & Company

CACI International (NYSE:CACI) had its price target decreased by Wells Fargo & Company from $637.00 to $564.00 in a report published on Tuesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the information technology services provider’s stock.

Several other equities research analysts have also weighed in on the company. Truist Financial dropped their price target on CACI International from $650.00 to $550.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. The Goldman Sachs Group boosted their target price 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. TD Cowen increased their price target on shares of CACI International from $545.00 to $570.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Bank of America boosted their price objective on shares of CACI International from $535.00 to $555.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Finally, Barclays raised their target price on shares of CACI International from $610.00 to $625.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $535.90.

CACI International Stock Down 0.0 %

Shares of CACI International stock opened at $460.13 on Tuesday. The company’s fifty day simple moving average is $515.63 and its two-hundred day simple moving average is $470.83. CACI International has a 12-month low of $314.06 and a 12-month high of $588.26. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.48. The company has a market cap of $10.31 billion, a P/E ratio of 22.81, a PEG ratio of 1.43 and a beta of 0.91.

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 (EPS) for the quarter, beating the consensus estimate of $5.08 by $0.85. CACI International had a net margin of 5.77% and a return on equity of 14.78%. The company had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the previous year, the company earned $4.36 earnings per share. CACI International’s quarterly revenue was up 11.2% on a year-over-year basis. Research analysts anticipate that CACI International will post 23.45 EPS for the current year.

Insider Activity at CACI International

In other CACI International news, insider Gregory R. Bradford sold 10,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $492.41, for a total value of $4,924,100.00. Following the completion of the transaction, the insider now owns 35,538 shares of the company’s stock, valued at approximately $17,499,266.58. The trade was a 21.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.35% of the stock is owned by insiders.

Institutional Trading of CACI International

A number of institutional investors have recently made changes to their positions in CACI. Geode Capital Management LLC boosted its stake in shares of CACI International by 5.0% in the 3rd 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. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in CACI International by 1.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 340,880 shares of the information technology services provider’s stock valued at $146,623,000 after acquiring an additional 5,610 shares during the period. Van ECK Associates Corp boosted its position in CACI International by 42.5% in the third quarter. Van ECK Associates Corp now owns 116,231 shares of the information technology services provider’s stock worth $60,917,000 after purchasing an additional 34,647 shares during the last quarter. Segall Bryant & Hamill LLC grew its stake in shares of CACI International by 3.7% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 67,740 shares of the information technology services provider’s stock valued at $34,179,000 after purchasing an additional 2,396 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in shares of CACI International by 37.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 58,953 shares of the information technology services provider’s stock valued at $29,745,000 after purchasing an additional 15,961 shares during the period. Hedge funds and other 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.