CACI International (NYSE:CACI) Price Target Cut to $503.00 by Analysts at Wells Fargo & Company

CACI International (NYSE:CACI) had its target price cut by Wells Fargo & Company from $564.00 to $503.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the information technology services provider’s stock. Wells Fargo & Company‘s target price points to a potential upside of 22.41% from the company’s current price.

Several other equities analysts also recently issued reports on CACI. The Goldman Sachs Group lowered shares of CACI International from a “neutral” rating to a “sell” rating and reduced their price target for the company from $540.00 to $373.00 in a research report on Thursday, December 12th. Barclays boosted their target price on CACI International from $610.00 to $625.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. TD Cowen raised CACI International to a “strong-buy” rating in a report on Thursday, December 19th. Truist Financial reduced their price objective 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. Finally, Bank of America increased their target price on CACI International from $535.00 to $555.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th. One analyst has rated the stock with a sell rating, one has given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $530.27.

CACI International Price Performance

NYSE CACI traded down $3.02 during trading on Wednesday, reaching $410.93. 22,706 shares of the company traded hands, compared to its average volume of 165,356. CACI International has a 1-year low of $321.85 and a 1-year high of $588.26. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.75 and a current ratio of 1.75. The stock’s 50 day moving average price is $461.66 and its two-hundred day moving average price is $470.74. The company has a market cap of $9.21 billion, a price-to-earnings ratio of 20.36, a P/E/G ratio of 1.33 and a beta of 0.87.

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 for the quarter, beating analysts’ consensus estimates of $5.08 by $0.85. The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.92 billion. CACI International had a return on equity of 14.78% and a net margin of 5.77%. The business’s revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the business posted $4.36 earnings per share. As a group, analysts anticipate that CACI International will post 23.45 EPS for the current year.

Institutional Investors Weigh In On CACI International

Institutional investors have recently modified their holdings of the business. Central Pacific Bank Trust Division grew its stake in shares of CACI International by 44.1% during the fourth quarter. Central Pacific Bank Trust Division now owns 490 shares of the information technology services provider’s stock worth $198,000 after purchasing an additional 150 shares during the period. GAMMA Investing LLC boosted its holdings in CACI International by 69.4% during the fourth quarter. GAMMA Investing LLC now owns 122 shares of the information technology services provider’s stock worth $49,000 after buying an additional 50 shares during the last quarter. TD Private Client Wealth LLC grew its position in shares of CACI International by 49.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 252 shares of the information technology services provider’s stock worth $127,000 after buying an additional 83 shares during the period. Toronto Dominion Bank bought a new stake in shares of CACI International in the 3rd quarter valued at about $184,000. Finally, Geode Capital Management LLC raised its position 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 valued at $243,386,000 after acquiring an additional 22,823 shares during the period. Institutional investors and hedge funds 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.