Raymond James Reaffirms Outperform Rating for CACI International (NYSE:CACI)

Raymond James reissued their outperform rating on shares of CACI International (NYSE:CACI) in a report published on Thursday morning,Benzinga reports. The brokerage currently has a $490.00 target price on the information technology services provider’s stock, up from their previous target price of $475.00.

Several other research firms have also issued reports on CACI. Wells Fargo & Company dropped their price target on shares of CACI International from $564.00 to $503.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. increased their target price on CACI International from $520.00 to $555.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Truist Financial decreased their price target on CACI International from $650.00 to $550.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. UBS Group assumed coverage on CACI International in a research note on Monday, December 2nd. They set a “buy” rating and a $557.00 price objective for the company. Finally, Barclays boosted 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. One equities research analyst has rated the stock with a sell rating and twelve have issued a buy rating to the company. According to MarketBeat.com, CACI International has an average rating of “Moderate Buy” and an average target price of $522.75.

CACI International Price Performance

Shares of NYSE:CACI opened at $421.59 on Thursday. The firm has a market capitalization of $9.45 billion, a PE ratio of 20.89, a PEG ratio of 1.41 and a beta of 0.87. 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 has a 1-year low of $326.60 and a 1-year high of $588.26. The business’s 50 day moving average is $434.84 and its 200-day moving average is $471.18.

CACI International (NYSE:CACI) last posted its quarterly earnings results on Wednesday, January 22nd. The information technology services provider reported $5.95 earnings per share for the quarter, topping analysts’ consensus estimates of $5.28 by $0.67. CACI International had a net margin of 5.77% and a return on equity of 14.78%. Sell-side analysts predict that CACI International will post 23.92 earnings per share for the current year.

Hedge Funds Weigh In On CACI International

A number of large investors have recently modified their holdings of CACI. Van ECK Associates Corp increased its holdings in shares of 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 valued at $60,917,000 after purchasing an additional 34,647 shares in the last quarter. Geode Capital Management LLC boosted its position in 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 valued at $243,386,000 after buying an additional 22,823 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of CACI International by 37.1% in 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 buying an additional 15,961 shares during the period. Fort Washington Investment Advisors Inc. OH raised its position in shares of CACI International by 36.4% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 53,005 shares of the information technology services provider’s stock worth $21,417,000 after acquiring an additional 14,141 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of CACI International during the second quarter valued at $1,997,000. 86.43% of the stock is currently 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.