CACI International (NYSE:CACI) Given New $361.00 Price Target at Wells Fargo & Company

CACI International (NYSE:CACI) had its price target decreased by Wells Fargo & Company from $383.00 to $361.00 in a report issued on Monday, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the information technology services provider’s stock.

A number of other research analysts have also recently commented on the stock. StockNews.com assumed coverage on shares of CACI International in a research report on Thursday, August 17th. They issued a buy rating on the stock. Raymond James upped their target price on shares of CACI International from $340.00 to $370.00 and gave the company an outperform rating in a research report on Friday, August 11th. Jefferies Financial Group upgraded shares of CACI International from a hold rating to a buy rating and set a $405.00 price target on the stock in a research note on Wednesday, July 12th. Barclays boosted their price target on shares of CACI International from $350.00 to $400.00 and gave the stock an overweight rating in a research note on Monday, August 14th. Finally, Truist Financial boosted their price target on shares of CACI International from $345.00 to $385.00 and gave the stock a buy rating in a research note on Friday, August 11th. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of Buy and an average price target of $374.09.

CACI International Stock Performance

CACI opened at $318.42 on Monday. CACI International has a 12-month low of $245.32 and a 12-month high of $359.33. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $7.22 billion, a PE ratio of 19.36, a P/E/G ratio of 1.73 and a beta of 0.99. The firm has a 50 day moving average of $337.26 and a two-hundred day moving average of $317.80.

CACI International (NYSE:CACI) last posted its earnings results on Wednesday, August 9th. The information technology services provider reported $5.30 earnings per share for the quarter, beating the consensus estimate of $4.85 by $0.45. The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.73 billion. CACI International had a net margin of 5.74% and a return on equity of 13.87%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $4.54 EPS. On average, analysts anticipate that CACI International will post 19.97 EPS for the current year.

Insider Buying and Selling

In other CACI International news, Director Gregory G. Johnson sold 125 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $319.82, for a total value of $39,977.50. Following the completion of the transaction, the director now owns 5,998 shares in the company, valued at $1,918,280.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.23% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CACI. Zions Bancorporation N.A. increased its position in CACI International by 37.3% during the 1st quarter. Zions Bancorporation N.A. now owns 2,762 shares of the information technology services provider’s stock worth $832,000 after purchasing an additional 751 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in CACI International by 47.7% during the 1st quarter. Brown Brothers Harriman & Co. now owns 288 shares of the information technology services provider’s stock worth $87,000 after purchasing an additional 93 shares in the last quarter. Neuberger Berman Group LLC increased its position in CACI International by 43.8% during the 1st quarter. Neuberger Berman Group LLC now owns 1,911 shares of the information technology services provider’s stock worth $576,000 after purchasing an additional 582 shares in the last quarter. Captrust Financial Advisors increased its position in CACI International by 435.5% during the 2nd quarter. Captrust Financial Advisors now owns 4,943 shares of the information technology services provider’s stock worth $1,393,000 after purchasing an additional 4,020 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in CACI International by 0.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 13,625 shares of the information technology services provider’s stock worth $3,557,000 after purchasing an additional 122 shares in the last quarter. Hedge funds and other institutional investors own 87.30% of the company’s stock.

CACI International Company Profile

CACI International Inc, together with its subsidiaries, provides expertise and technology to enterprise and mission customers in support of national security missions and government modernization/transformation in the intelligence, defense, and federal civilian sectors. It operates through two segments: Domestic Operations and International Operations.