CACI International Inc (NYSE:CACI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of CACI International Inc (NYSE:CACI) have been assigned a consensus rating of “Moderate Buy” from the twelve analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and eleven have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $521.50.

Several research firms have recently issued reports on CACI. Truist Financial cut their price target 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. Barclays lifted their target price on shares of CACI International from $610.00 to $625.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group lowered shares of CACI International from a “neutral” rating to a “sell” rating and lowered their price target for the company from $540.00 to $373.00 in a research report on Thursday, December 12th. JPMorgan Chase & Co. lifted their price objective on CACI International from $520.00 to $555.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, TD Cowen dropped their price target on CACI International from $610.00 to $480.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th.

CACI International Stock Up 1.7 %

Shares of NYSE CACI opened at $454.59 on Friday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.48. The firm has a 50-day moving average price of $446.62 and a 200 day moving average price of $470.43. CACI International has a 52 week low of $326.60 and a 52 week high of $588.26. The stock has a market capitalization of $10.19 billion, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 1.31 and a beta of 0.87.

CACI International (NYSE:CACI) last announced its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 EPS for the quarter, topping the consensus estimate of $5.08 by $0.85. CACI International had a return on equity of 14.78% and a net margin of 5.77%. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the previous year, the company earned $4.36 EPS. The company’s quarterly revenue was up 11.2% on a year-over-year basis. Equities research analysts anticipate that CACI International will post 23.88 EPS for the current fiscal year.

Hedge Funds Weigh In On CACI International

Institutional investors have recently added to or reduced their stakes in the business. Wedbush Securities Inc. increased its stake in shares of 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 last quarter. Kendall Capital Management increased its position in CACI International by 8.9% during the second quarter. Kendall Capital Management now owns 1,219 shares of the information technology services provider’s stock worth $524,000 after purchasing an additional 100 shares during the last quarter. Bridges Investment Management Inc. purchased a new position in CACI International during the second quarter worth approximately $489,000. Pacer Advisors Inc. boosted its holdings in shares of CACI International by 25.5% in the 2nd quarter. Pacer Advisors Inc. now owns 4,238 shares of the information technology services provider’s stock valued at $1,823,000 after purchasing an additional 861 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of CACI International by 26.7% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 48,923 shares of the information technology services provider’s stock valued at $21,043,000 after buying an additional 10,295 shares during the period. 86.43% of the stock is currently owned by institutional investors and hedge funds.

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.