Robert W. Baird Reaffirms Outperform Rating for CACI International (NYSE:CACI)

Robert W. Baird restated their outperform rating on shares of CACI International (NYSE:CACI - Free Report) in a report issued on Tuesday,Benzinga reports. The firm currently has a $640.00 price target on the information technology services provider's stock.

CACI has been the topic of several other reports. Bank of America lifted their price objective on CACI International from $535.00 to $555.00 and gave the stock a "buy" rating in a report on Tuesday, September 17th. JPMorgan Chase & Co. boosted their price target on CACI International from $520.00 to $555.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 2nd. Truist Financial reduced their price objective 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. UBS Group assumed coverage on shares of CACI International in a research note on Monday, December 2nd. They set a "buy" rating and a $557.00 target price on the stock. Finally, The Goldman Sachs Group lowered shares of CACI International from a "neutral" rating to a "sell" rating and lowered their price target for the stock from $540.00 to $373.00 in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $524.45.

CACI International Price Performance

Shares of CACI stock traded down $1.85 during trading hours on Tuesday, hitting $415.10. 280,313 shares of the company's stock were exchanged, compared to its average volume of 133,826. CACI International has a fifty-two week low of $314.06 and a fifty-two week high of $588.26. The firm has a market cap of $9.30 billion, a P/E ratio of 20.57, a P/E/G ratio of 1.33 and a beta of 0.85. 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 of $501.17 and a two-hundred day moving average of $472.76.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Fifth Third Wealth Advisors LLC purchased a new stake in CACI International in the second quarter valued at $318,000. Van ECK Associates Corp raised its holdings in CACI International by 70.0% in the 2nd quarter. Van ECK Associates Corp now owns 81,584 shares of the information technology services provider's stock valued at $35,092,000 after buying an additional 33,589 shares during the period. Wedbush Securities Inc. lifted its position in CACI International by 38.3% in the second 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 during the last quarter. Kendall Capital Management boosted its stake 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 buying an additional 100 shares during the period. Finally, Bridges Investment Management Inc. purchased a new position in CACI International during the second quarter worth about $489,000. 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.