CACI International (NYSE:CACI) Price Target Cut to $503.00 by Analysts at Wells Fargo & Company

CACI International (NYSE:CACI - Get Free Report) had its price target cut by equities research analysts at Wells Fargo & Company from $564.00 to $503.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the information technology services provider's stock. Wells Fargo & Company's price objective would suggest a potential upside of 20.98% from the company's current price.

Several other research firms have also weighed in on CACI. Bank of America raised their target price on CACI International from $535.00 to $555.00 and gave the company a "buy" rating in a report on Tuesday, September 17th. TD Cowen upgraded CACI International to a "strong-buy" rating in a report on Thursday, December 19th. Barclays upped their target price on CACI International from $610.00 to $625.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 12th. StockNews.com lowered shares of CACI International from a "buy" rating to a "hold" rating in a research report on Friday, December 27th. Finally, The Goldman Sachs Group lowered shares of CACI International from a "neutral" rating to a "sell" rating and lowered their target price for the company from $540.00 to $373.00 in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $522.09.

CACI International Stock Up 0.4 %

Shares of CACI traded up $1.81 during midday trading on Wednesday, reaching $415.76. 155,773 shares of the stock were exchanged, compared to its average volume of 192,355. The company has a market cap of $9.32 billion, a price-to-earnings ratio of 20.60, a P/E/G ratio of 1.33 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. CACI International has a 12-month low of $321.85 and a 12-month high of $588.26. The firm has a 50 day simple moving average of $458.73 and a 200-day simple moving average of $470.35.

CACI International (NYSE:CACI - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share for the quarter, beating 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 firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter last year, the firm earned $4.36 earnings per share. The company's revenue for the quarter was up 11.2% on a year-over-year basis. Research analysts forecast that CACI International will post 23.45 EPS for the current year.

Institutional Trading of CACI International

Several institutional investors have recently modified their holdings of the company. Wedbush Securities Inc. raised its stake in shares of CACI International by 38.3% in the 2nd quarter. Wedbush Securities Inc. now owns 932 shares of the information technology services provider's stock valued at $401,000 after buying an additional 258 shares in the last quarter. Kendall Capital Management boosted its stake in CACI International by 8.9% in the 2nd quarter. Kendall Capital Management now owns 1,219 shares of the information technology services provider's stock valued at $524,000 after buying an additional 100 shares in the last quarter. Bridges Investment Management Inc. bought a new stake in CACI International in the second quarter valued at $489,000. Pacer Advisors Inc. raised its stake in CACI International by 25.5% during the second quarter. Pacer Advisors Inc. now owns 4,238 shares of the information technology services provider's stock worth $1,823,000 after acquiring an additional 861 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of CACI International by 26.7% during the second 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 acquiring an additional 10,295 shares during the period. 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.