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

CACI International (NYSE:CACI) had its price target decreased by Wells Fargo & Company from $536.00 to $480.00 in a research report released on Wednesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the information technology services provider’s stock.

CACI has been the topic of several other reports. StockNews.com cut CACI International from a “buy” rating to a “hold” rating in a research report on Saturday, January 25th. TD Cowen decreased their target price on CACI International from $610.00 to $480.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. UBS Group started coverage on shares of CACI International in a report on Monday, December 2nd. They set a “buy” rating and a $557.00 price target on the stock. Cantor Fitzgerald raised CACI International to a “strong-buy” rating in a research note on Tuesday. Finally, The Goldman Sachs Group lowered shares of CACI International from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $540.00 to $373.00 in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $521.92.

CACI International Stock Down 0.4 %

Shares of CACI opened at $334.29 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.52 and a quick ratio of 1.52. The stock has a 50 day simple moving average of $392.49 and a two-hundred day simple moving average of $455.63. The firm has a market cap of $7.49 billion, a P/E ratio of 15.68, a P/E/G ratio of 1.01 and a beta of 0.87. CACI International has a 1 year low of $318.60 and a 1 year high of $588.26.

CACI International (NYSE:CACI) last posted its earnings results on Wednesday, January 22nd. The information technology services provider reported $5.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.28 by $0.67. CACI International had a return on equity of 15.30% and a net margin of 5.90%. On average, analysts forecast that CACI International will post 23.94 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CACI International

Hedge funds have recently made changes to their positions in the stock. First Horizon Advisors Inc. increased its holdings in CACI International by 40.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 63 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 18 shares during the period. UMB Bank n.a. lifted its holdings in shares of CACI International by 37.2% in the 4th quarter. UMB Bank n.a. now owns 107 shares of the information technology services provider’s stock valued at $43,000 after purchasing an additional 29 shares during the last quarter. Coastline Trust Co acquired a new stake in shares of CACI International in the third quarter valued at approximately $45,000. GAMMA Investing LLC grew its position in CACI International by 69.4% during the 4th quarter. GAMMA Investing LLC now owns 122 shares of the information technology services provider’s stock worth $49,000 after purchasing an additional 50 shares during the last quarter. Finally, VSM Wealth Advisory LLC purchased a new position in shares of CACI International during the fourth quarter worth about $69,000. Hedge funds and other 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.