Wells Fargo & Company Cuts CACI International (NYSE:CACI) Price Target to $480.00

CACI International (NYSE:CACI) had its price objective reduced by stock analysts at Wells Fargo & Company from $536.00 to $480.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage 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 43.15% from the company’s previous close.

Other analysts also recently issued reports about the stock. Truist Financial decreased their price objective on shares of CACI International from $650.00 to $550.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Raymond James reiterated an “outperform” rating and issued a $490.00 price target (up from $475.00) on shares of CACI International in a report on Thursday, January 23rd. StockNews.com downgraded shares of CACI International from a “buy” rating to a “hold” rating in a report on Saturday, January 25th. William Blair downgraded shares of CACI International from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. Finally, UBS Group assumed coverage on shares of CACI International in a report on Monday, December 2nd. They issued a “buy” rating and a $557.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $521.92.

CACI International Stock Up 1.3 %

Shares of CACI stock opened at $335.31 on Wednesday. The company has a market capitalization of $7.52 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 1.01 and a beta of 0.87. CACI International has a one year low of $318.60 and a one year high of $588.26. The company’s fifty day moving average price is $393.85 and its 200-day moving average price is $456.53. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.52 and a quick ratio of 1.52.

CACI International (NYSE:CACI) last announced its quarterly earnings data on Wednesday, January 22nd. The information technology services provider reported $5.95 EPS for the quarter, beating the consensus estimate of $5.28 by $0.67. CACI International had a net margin of 5.90% and a return on equity of 15.30%. Sell-side analysts expect that CACI International will post 23.94 EPS for the current fiscal year.

Institutional Investors Weigh In On CACI International

Several large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position in CACI International by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 490,941 shares of the information technology services provider’s stock valued at $198,417,000 after buying an additional 8,667 shares during the period. Bank of New York Mellon Corp boosted its position in CACI International by 1.2% in the 4th quarter. Bank of New York Mellon Corp now owns 429,256 shares of the information technology services provider’s stock valued at $173,445,000 after buying an additional 5,248 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in CACI International by 4.9% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 173,410 shares of the information technology services provider’s stock valued at $70,068,000 after buying an additional 8,175 shares during the period. Van ECK Associates Corp raised its holdings in shares of CACI International by 35.2% in the 4th quarter. Van ECK Associates Corp now owns 157,098 shares of the information technology services provider’s stock valued at $63,477,000 after purchasing an additional 40,867 shares in the last quarter. Finally, Sterling Capital Management LLC raised its holdings in shares of CACI International by 256.0% in the 4th quarter. Sterling Capital Management LLC now owns 74,708 shares of the information technology services provider’s stock valued at $30,187,000 after purchasing an additional 53,724 shares in the last quarter. 86.43% of the stock is owned by hedge funds and other institutional investors.

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.