CACI International (NYSE:CACI) Trading Down 4.1% – Here’s What Happened

Shares of CACI International Inc (NYSE:CACI) dropped 4.1% on Friday . The stock traded as low as $405.76 and last traded at $404.56. Approximately 168,193 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 361,635 shares. The stock had previously closed at $421.64.

Analysts Set New Price Targets

CACI has been the subject of several recent research reports. Robert W. Baird reissued an “outperform” rating and issued a $640.00 price target on shares of CACI International in a research note on Tuesday, December 17th. Raymond James reaffirmed an “outperform” rating and set a $490.00 target price (up previously from $475.00) on shares of CACI International in a research note on Thursday. JPMorgan Chase & Co. raised their target price on CACI International from $520.00 to $555.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. 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. Finally, Truist Financial decreased their target price 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. One analyst has rated the stock with a sell rating and twelve have issued a buy rating to the stock. According to MarketBeat, CACI International has an average rating of “Moderate Buy” and a consensus price target of $525.50.

CACI International Stock Performance

The company has a market cap of $9.26 billion, a PE ratio of 19.39, a PEG ratio of 1.41 and a beta of 0.87. 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 company has a 50-day moving average of $434.84 and a 200-day moving average of $471.18.

CACI International (NYSE:CACI) last announced 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 15.53% and a net margin of 5.90%. As a group, analysts anticipate that CACI International Inc will post 23.92 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of CACI International in the third quarter valued at $1,955,000. Geode Capital Management LLC raised its stake in shares of CACI International by 5.0% in the third quarter. Geode Capital Management LLC now owns 482,274 shares of the information technology services provider’s stock valued at $243,386,000 after buying an additional 22,823 shares during the period. Segall Bryant & Hamill LLC raised its stake in shares of CACI International by 3.7% in the third quarter. Segall Bryant & Hamill LLC now owns 67,740 shares of the information technology services provider’s stock valued at $34,179,000 after buying an additional 2,396 shares during the period. Farther Finance Advisors LLC raised its stake in shares of CACI International by 286.4% in the third quarter. Farther Finance Advisors LLC now owns 1,302 shares of the information technology services provider’s stock valued at $657,000 after buying an additional 965 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in shares of 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. Hedge funds and other 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.