CACI International (NYSE:CACI) Raised to “Outperform” at Raymond James

Raymond James upgraded shares of CACI International (NYSE:CACI) from a market perform rating to an outperform rating in a research note published on Thursday morning, Marketbeat Ratings reports. The firm currently has $475.00 price target on the information technology services provider’s stock.

CACI has been the subject of a number of other research reports. Robert W. Baird restated an “outperform” rating and issued a $640.00 target price on shares of CACI International in a report on Tuesday, December 17th. Truist Financial decreased their price objective on CACI International from $650.00 to $550.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. JPMorgan Chase & Co. lifted their target price on CACI International from $520.00 to $555.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Bank of America increased their price target on shares of CACI International from $535.00 to $555.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Finally, The Goldman Sachs Group downgraded shares of CACI International from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $540.00 to $373.00 in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, CACI International currently has an average rating of “Moderate Buy” and a consensus target price of $535.82.

CACI International Trading Up 2.2 %

Shares of NYSE CACI opened at $420.14 on Thursday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.48. CACI International has a 12 month low of $314.06 and a 12 month high of $588.26. The company has a market cap of $9.41 billion, a price-to-earnings ratio of 20.82, a P/E/G ratio of 1.33 and a beta of 0.85. The business has a fifty day simple moving average of $467.28 and a 200-day simple moving average of $470.71.

CACI International (NYSE:CACI) last announced its 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 net margin of 5.77% and a return on equity of 14.78%. The company had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same period last year, the company posted $4.36 earnings per share. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. Sell-side analysts predict that CACI International will post 23.45 EPS for the current year.

Institutional Trading of CACI International

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wedbush Securities Inc. raised its holdings in CACI International by 38.3% in the 2nd quarter. Wedbush Securities Inc. now owns 932 shares of the information technology services provider’s stock worth $401,000 after acquiring an additional 258 shares during the period. Kendall Capital Management increased its stake in shares of CACI International by 8.9% in 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 period. Bridges Investment Management Inc. acquired a new position in shares of CACI International during the 2nd quarter worth about $489,000. Pacer Advisors Inc. boosted its stake in CACI International by 25.5% during 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 period. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in CACI International by 26.7% in 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 last quarter. Institutional investors and hedge funds 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.