CACI International (NYSE:CACI) Upgraded by StockNews.com to Buy Rating

CACI International (NYSE:CACI) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.

CACI has been the topic of several other research reports. Jefferies Financial Group upgraded shares of CACI International from a “hold” rating to a “buy” rating and set a $515.00 target price on the stock in a report on Thursday. Barclays lifted their price objective on CACI International from $610.00 to $625.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. TD Cowen decreased their target price on CACI International from $610.00 to $480.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Truist Financial dropped their price target 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. Finally, JPMorgan Chase & Co. upped their price target on CACI International from $520.00 to $555.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, CACI International presently has a consensus rating of “Moderate Buy” and an average target price of $521.50.

CACI International Stock Performance

Shares of NYSE CACI opened at $452.43 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.75 and a quick ratio of 1.75. CACI International has a one year low of $326.60 and a one year high of $588.26. The business’s 50-day moving average price is $442.22 and its two-hundred day moving average price is $470.79. The company has a market capitalization of $10.14 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 1.31 and a beta of 0.87.

CACI International (NYSE:CACI) last released its quarterly earnings results 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 business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.92 billion. CACI International had a net margin of 5.77% and a return on equity of 14.78%. CACI International’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the firm earned $4.36 EPS. Analysts anticipate that CACI International will post 23.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CACI International

Hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its holdings in CACI International by 4.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 5,861 shares of the information technology services provider’s stock worth $2,368,000 after purchasing an additional 250 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of CACI International by 60.7% during the fourth quarter. SG Americas Securities LLC now owns 956 shares of the information technology services provider’s stock worth $386,000 after buying an additional 361 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its holdings in CACI International by 36.4% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 53,005 shares of the information technology services provider’s stock valued at $21,417,000 after buying an additional 14,141 shares during the period. UMB Bank n.a. boosted its stake in CACI International by 37.2% in the fourth quarter. UMB Bank n.a. now owns 107 shares of the information technology services provider’s stock valued at $43,000 after acquiring an additional 29 shares during the last quarter. Finally, Wedge Capital Management L L P NC grew its holdings in CACI International by 16.0% during the 4th quarter. Wedge Capital Management L L P NC now owns 8,285 shares of the information technology services provider’s stock worth $3,348,000 after acquiring an additional 1,144 shares during the period. 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.