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

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

Other research analysts have also recently issued research reports about the stock. Truist Financial lowered 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 increased their target price on CACI International from $533.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, October 25th. The Goldman Sachs Group lifted their price target on CACI International from $471.00 to $520.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. TD Cowen increased their price objective on CACI International from $545.00 to $570.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Barclays boosted their target price on CACI International from $610.00 to $625.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, CACI International presently has an average rating of “Moderate Buy” and an average price target of $535.90.

CACI International Stock Down 2.6 %

CACI International stock opened at $460.29 on Tuesday. The firm has a market capitalization of $10.31 billion, a P/E ratio of 22.81, a P/E/G ratio of 1.44 and a beta of 0.91. The stock’s fifty day simple moving average is $516.23 and its 200-day simple moving average is $470.90. CACI International has a twelve month low of $314.06 and a twelve 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.

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 (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter last year, the company earned $4.36 EPS. CACI International’s revenue for the quarter was up 11.2% compared to the same quarter last year. As a group, equities analysts expect that CACI International will post 23.45 earnings per share for the current fiscal year.

Insider Buying and Selling at CACI International

In other news, insider Gregory R. Bradford sold 10,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $492.41, for a total transaction of $4,924,100.00. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.35% of the stock is owned by company insiders.

Institutional Trading of CACI International

Several institutional investors and hedge funds have recently added to or reduced their stakes in CACI. Lazard Asset Management LLC acquired a new position in shares of CACI International in the first quarter valued at approximately $653,000. Kennedy Capital Management LLC increased its stake in CACI International by 39.9% in the 1st quarter. Kennedy Capital Management LLC now owns 8,276 shares of the information technology services provider’s stock valued at $3,135,000 after buying an additional 2,359 shares during the period. Comerica Bank increased its stake in CACI International by 13.4% in the 1st quarter. Comerica Bank now owns 11,609 shares of the information technology services provider’s stock valued at $4,398,000 after buying an additional 1,372 shares during the period. LRI Investments LLC acquired a new stake in shares of CACI International in the 1st quarter worth $293,000. Finally, M&R Capital Management Inc. boosted its holdings in shares of CACI International by 487.2% in the second quarter. M&R Capital Management Inc. now owns 16,930 shares of the information technology services provider’s stock valued at $7,282,000 after acquiring an additional 14,047 shares in the last quarter. 86.43% of the stock is owned by hedge funds and other 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.