Wells Fargo & Company Cuts CACI International (NYSE:CACI) Price Target to $503.00

CACI International (NYSE:CACI) had its target price trimmed by Wells Fargo & Company from $564.00 to $503.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the information technology services provider’s stock.

CACI has been the topic of a number of other research reports. UBS Group started coverage on shares of CACI International in a report on Monday, December 2nd. They set a “buy” rating and a $557.00 price target on the stock. The Goldman Sachs Group cut CACI International from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $540.00 to $373.00 in a research report on Thursday, December 12th. Bank of America increased their price objective on CACI International from $535.00 to $555.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Raymond James upgraded CACI International from a “market perform” rating to an “outperform” rating and set a $475.00 target price for the company in a report on Thursday, January 2nd. Finally, Barclays increased their price target on CACI International from $610.00 to $625.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $522.09.

CACI International Trading Up 3.9 %

CACI International stock opened at $432.19 on Wednesday. CACI International has a 12 month low of $326.47 and a 12 month high of $588.26. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.48. The stock has a market cap of $9.68 billion, a P/E ratio of 21.42, a P/E/G ratio of 1.33 and a beta of 0.87. The company’s fifty day simple moving average is $455.99 and its 200-day simple moving average is $469.97.

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 return on equity of 14.78% and a net margin of 5.77%. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same period in the previous year, the company earned $4.36 EPS. The firm’s revenue was up 11.2% on a year-over-year basis. As a group, sell-side analysts forecast that CACI International will post 23.45 EPS for the current fiscal year.

Institutional Investors Weigh In On CACI International

Institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC grew its position in CACI International by 5.0% in the third quarter. Geode Capital Management LLC now owns 482,274 shares of the information technology services provider’s stock valued at $243,386,000 after acquiring an additional 22,823 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of CACI International by 1.7% in the 2nd 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 purchasing an additional 5,610 shares in the last quarter. Van ECK Associates Corp increased its position in shares of CACI International by 42.5% during the 3rd 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 in the last quarter. Segall Bryant & Hamill LLC lifted its holdings in 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 last quarter. Finally, BNP Paribas Financial Markets boosted its position in CACI International by 37.1% in the third quarter. BNP Paribas Financial Markets now owns 58,953 shares of the information technology services provider’s stock valued at $29,745,000 after buying an additional 15,961 shares in the last quarter. Institutional investors 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.