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

CACI International (NYSE:CACI) had its price target trimmed by Wells Fargo & Company from $637.00 to $564.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the information technology services provider’s stock.

Several other research firms have also weighed in on CACI. JPMorgan Chase & Co. lifted their price objective on CACI International from $520.00 to $555.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. TD Cowen lifted their price target on shares of CACI International from $545.00 to $570.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Robert W. Baird boosted their price objective on shares of CACI International from $533.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Truist Financial cut their target price on shares of 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, Raymond James cut shares of CACI International from an “outperform” rating to a “market perform” rating in a research report on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $535.90.

CACI International Price Performance

CACI International stock opened at $472.43 on Tuesday. CACI International has a 1 year low of $314.06 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 firm has a 50 day moving average price of $516.95 and a 200 day moving average price of $470.67. The company has a market cap of $10.59 billion, a price-to-earnings ratio of 23.41, a PEG ratio of 1.45 and a beta of 0.91.

CACI International (NYSE:CACI) last released its quarterly earnings data on Wednesday, October 23rd. The information technology services provider reported $5.93 EPS for the quarter, topping analysts’ consensus estimates of $5.08 by $0.85. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm posted $4.36 EPS. Sell-side analysts predict that CACI International will post 23.47 earnings per share for the current year.

Insider Activity at CACI International

In related news, EVP J William Koegel, Jr. sold 970 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $483.27, for a total value of $468,771.90. Following the sale, the executive vice president now directly owns 22,651 shares of the company’s stock, valued at $10,946,548.77. This represents a 4.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gregory R. Bradford sold 10,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $492.41, for a total transaction of $4,924,100.00. Following the transaction, the insider now directly owns 35,538 shares of the company’s stock, valued at approximately $17,499,266.58. This represents a 21.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. First Horizon Advisors Inc. boosted its holdings in shares of CACI International by 40.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 63 shares of the information technology services provider’s stock valued at $32,000 after buying an additional 18 shares during the period. Rosenberg Matthew Hamilton lifted its holdings in CACI International by 9.8% in the third quarter. Rosenberg Matthew Hamilton now owns 212 shares of the information technology services provider’s stock worth $107,000 after acquiring an additional 19 shares during the last quarter. UMB Bank n.a. boosted its stake in CACI International by 81.4% in the third quarter. UMB Bank n.a. now owns 78 shares of the information technology services provider’s stock valued at $39,000 after acquiring an additional 35 shares during the period. Captrust Financial Advisors grew its holdings in shares of CACI International by 10.2% during the third quarter. Captrust Financial Advisors now owns 823 shares of the information technology services provider’s stock valued at $415,000 after purchasing an additional 76 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its holdings in shares of CACI International by 49.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 252 shares of the information technology services provider’s stock worth $127,000 after purchasing an additional 83 shares during the last quarter. Institutional investors 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.