CACI International (NYSE:CACI) Given “Outperform” Rating at Robert W. Baird

Robert W. Baird reissued their outperform rating on shares of CACI International (NYSE:CACI) in a research note published on Tuesday,Benzinga reports. They currently have a $640.00 price objective on the information technology services provider’s stock.

Several other brokerages have also recently commented on CACI. TD Cowen boosted their price objective on shares of CACI International from $545.00 to $570.00 and gave the company a “buy” rating in a research note on Friday, October 25th. UBS Group started 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. Truist Financial lowered their price objective on CACI International from $650.00 to $550.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Bank of America boosted their target price on CACI International from $535.00 to $555.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Finally, Wells Fargo & Company lowered their price target on CACI International from $637.00 to $564.00 and set an “overweight” rating on the stock in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, CACI International currently has an average rating of “Moderate Buy” and an average price target of $524.45.

CACI International Trading Down 0.4 %

NYSE:CACI opened at $415.10 on Tuesday. CACI International has a 1 year low of $314.06 and a 1 year high of $588.26. The stock’s fifty day moving average price is $499.22 and its two-hundred day moving average price is $472.69. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.75 and a quick ratio of 1.75. The company has a market cap of $9.30 billion, a P/E ratio of 20.57, a P/E/G ratio of 1.33 and a beta of 0.85.

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, beating 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 company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same period in the previous year, the company posted $4.36 EPS. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. As a group, analysts expect that CACI International will post 23.45 EPS for the current year.

Hedge Funds Weigh In On CACI International

Several institutional investors and hedge funds have recently made changes to their positions in CACI. Fifth Third Wealth Advisors LLC purchased a new stake in CACI International during the second quarter valued at about $318,000. Van ECK Associates Corp lifted its stake in shares of CACI International by 70.0% in the 2nd quarter. Van ECK Associates Corp now owns 81,584 shares of the information technology services provider’s stock valued at $35,092,000 after acquiring an additional 33,589 shares during the last quarter. Wedbush Securities Inc. boosted its holdings in CACI International by 38.3% during the 2nd quarter. Wedbush Securities Inc. now owns 932 shares of the information technology services provider’s stock valued at $401,000 after acquiring an additional 258 shares during the period. Kendall Capital Management boosted its holdings in CACI International by 8.9% during the 2nd quarter. Kendall Capital Management now owns 1,219 shares of the information technology services provider’s stock valued at $524,000 after acquiring an additional 100 shares during the period. Finally, Bridges Investment Management Inc. bought a new position in CACI International during the 2nd quarter worth approximately $489,000. 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.