CACI International (NYSE:CACI) Upgraded to Outperform at Raymond James

CACI International (NYSE:CACI - Get Free Report) was upgraded by equities researchers at Raymond James from a "market perform" rating to an "outperform" rating in a report issued on Thursday, MarketBeat.com reports. The firm presently has a $475.00 target price on the information technology services provider's stock. Raymond James' price target points to a potential upside of 15.58% from the stock's previous close.

A number of other analysts also recently commented on the company. Barclays boosted 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. Truist Financial lowered their price objective on shares of CACI International from $650.00 to $550.00 and set a "buy" rating on the stock in a research note on Friday, November 22nd. Bank of America lifted their target price 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. Robert W. Baird reiterated an "outperform" rating and issued a $640.00 price target on shares of CACI International in a research report on Tuesday, December 17th. Finally, UBS Group assumed coverage on CACI International in a research report on Monday, December 2nd. They set a "buy" rating and a $557.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, CACI International currently has an average rating of "Moderate Buy" and an average price target of $520.33.

CACI International Stock Performance

Shares of NYSE CACI traded up $6.90 during mid-day trading on Thursday, hitting $410.96. 212,037 shares of the company were exchanged, compared to its average volume of 136,010. 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 market cap of $9.21 billion, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 1.33 and a beta of 0.85. The stock has a 50 day simple moving average of $469.83 and a 200-day simple moving average of $470.52. CACI International has a 1-year low of $314.06 and a 1-year high of $588.26.

CACI International (NYSE:CACI - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 EPS for the quarter, beating the consensus estimate of $5.08 by $0.85. The business had revenue of $2.06 billion during the quarter, compared to analysts' expectations of $1.92 billion. CACI International had a return on equity of 14.78% and a net margin of 5.77%. The company's quarterly revenue was up 11.2% compared to the same quarter last year. During the same period last year, the firm earned $4.36 EPS. On average, sell-side analysts forecast that CACI International will post 23.45 EPS for the current fiscal year.

Hedge Funds Weigh In On CACI International

Several hedge funds and other institutional investors have recently modified their holdings of CACI. Wedbush Securities Inc. boosted 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 CACI International by 8.9% during the 2nd quarter. Kendall Capital Management now owns 1,219 shares of the information technology services provider's stock worth $524,000 after buying an additional 100 shares during the period. Bridges Investment Management Inc. acquired a new position in CACI International in the 2nd quarter worth $489,000. Pacer Advisors Inc. boosted its position in 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 buying 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 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 in the last quarter. 86.43% of the stock is 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.