Wells Fargo & Company Issues Pessimistic Forecast for CACI International (NYSE:CACI) Stock Price

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

CACI has been the topic of several other reports. Robert W. Baird raised their price objective on shares of CACI International from $533.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Raymond James downgraded CACI International from an “outperform” rating to a “market perform” rating in a research report on Monday, August 5th. Truist Financial dropped their price objective on CACI International from $650.00 to $550.00 and set a “buy” rating for the company in a research note on Friday, November 22nd. Bank of America boosted their price target on CACI International from $535.00 to $555.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th. Finally, The Goldman Sachs Group increased their price objective on shares of CACI International from $471.00 to $520.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $535.90.

CACI International Price Performance

NYSE CACI opened at $460.13 on Tuesday. The business’s fifty day moving average is $515.63 and its 200 day moving average is $470.83. CACI International has a fifty-two week low of $314.06 and a fifty-two week 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 company has a market capitalization of $10.31 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 1.43 and a beta of 0.91.

CACI International (NYSE:CACI) last posted its quarterly earnings data 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 quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the firm earned $4.36 EPS. Sell-side analysts predict that CACI International will post 23.45 earnings per share for the current year.

Insider Activity at CACI International

In other news, insider Gregory R. Bradford sold 10,000 shares of the business’s stock in a transaction that occurred 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 owns 35,538 shares of the company’s stock, valued at approximately $17,499,266.58. The trade was a 21.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.35% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. First Horizon Advisors Inc. grew its stake in shares of CACI International by 40.0% during the third 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 last quarter. UMB Bank n.a. grew its position in CACI International by 81.4% in the 3rd 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 last quarter. Coastline Trust Co bought a new position in CACI International in the 3rd quarter valued at $45,000. Versant Capital Management Inc increased its stake in CACI International by 900.0% in the second quarter. Versant Capital Management Inc now owns 100 shares of the information technology services provider’s stock worth $43,000 after purchasing an additional 90 shares during the period. Finally, Rosenberg Matthew Hamilton lifted its position in shares of CACI International by 9.8% during the third quarter. Rosenberg Matthew Hamilton now owns 212 shares of the information technology services provider’s stock worth $107,000 after purchasing an additional 19 shares during the last quarter. 86.43% of the stock is owned by hedge funds and other institutional investors.

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.