Raymond James Upgrades CACI International (NYSE:CACI) to Outperform

CACI International (NYSE:CACI) was upgraded by stock analysts at Raymond James from a “market perform” rating to an “outperform” rating in a research note issued on Thursday, MarketBeat.com reports. The brokerage presently has a $475.00 price objective on the information technology services provider’s stock. Raymond James’ target price points to a potential upside of 13.06% from the stock’s current price.

A number of other analysts also recently weighed in on CACI. UBS Group began coverage on shares of CACI International in a report on Monday, December 2nd. They issued a “buy” rating and a $557.00 target price on the stock. TD Cowen raised CACI International to a “strong-buy” rating in a research note on Thursday, December 19th. Bank of America upped their price objective on CACI International from $535.00 to $555.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. StockNews.com cut CACI International from a “buy” rating to a “hold” rating in a report on Friday, December 27th. Finally, 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 report on Friday, November 22nd. One analyst has rated the stock with a sell rating, one has issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $535.82.

CACI International Price Performance

NYSE:CACI opened at $420.14 on Thursday. The business’s 50-day moving average is $467.28 and its 200 day moving average is $470.44. CACI International has a 12 month low of $314.06 and a 12 month high of $588.26. The company has a market capitalization of $9.41 billion, a P/E ratio of 20.82, a P/E/G ratio of 1.33 and a beta of 0.85. 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 (NYSE:CACI) last released its quarterly earnings data on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the previous year, the company posted $4.36 EPS. The company’s revenue was up 11.2% compared to the same quarter last year. On average, equities research analysts forecast that CACI International will post 23.45 earnings per share for the current fiscal year.

Institutional Trading of CACI International

Several institutional investors and hedge funds have recently modified their holdings of CACI. Sumitomo Mitsui Trust Group Inc. purchased a new position in CACI International during the 3rd quarter worth $1,955,000. Geode Capital Management LLC increased its stake in shares of CACI International by 5.0% during 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 buying an additional 22,823 shares during the period. Segall Bryant & Hamill LLC raised its holdings in shares of CACI International by 3.7% in the third quarter. Segall Bryant & Hamill LLC now owns 67,740 shares of the information technology services provider’s stock valued at $34,179,000 after acquiring an additional 2,396 shares in the last quarter. Bridges Investment Management Inc. purchased a new stake in CACI International in the second quarter worth about $489,000. Finally, Farther Finance Advisors LLC lifted its stake in CACI International by 286.4% in the third quarter. Farther Finance Advisors LLC now owns 1,302 shares of the information technology services provider’s stock worth $657,000 after acquiring an additional 965 shares during the period. 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.