StockNews.com Upgrades CACI International (NYSE:CACI) to "Buy"

CACI International (NYSE:CACI - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Friday.

Several other equities research analysts also recently issued reports on CACI. Barclays lifted their price objective on CACI International from $610.00 to $625.00 and gave the stock an "overweight" rating in a report on Tuesday, November 12th. Raymond James raised CACI International from a "market perform" rating to an "outperform" rating and set a $475.00 price objective for the company in a report on Thursday, January 2nd. Truist Financial reduced their target price on CACI International from $650.00 to $550.00 and set a "buy" rating on the stock in a report on Friday, November 22nd. JPMorgan Chase & Co. upped their price target on CACI International from $520.00 to $555.00 and gave the company an "overweight" rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company decreased their price objective on shares of CACI International from $564.00 to $503.00 and set an "overweight" rating for the company in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $521.50.

CACI International Stock Down 0.4 %

NYSE:CACI traded down $1.85 during trading hours on Friday, hitting $452.43. The stock had a trading volume of 226,469 shares, compared to its average volume of 258,206. The business has a 50 day simple moving average of $444.53 and a two-hundred day simple moving average of $470.32. CACI International has a 1-year low of $326.60 and a 1-year high of $588.26. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.48. The company has a market cap of $10.14 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 1.31 and a beta of 0.87.

CACI International (NYSE:CACI - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.08 by $0.85. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.92 billion. CACI International had a net margin of 5.77% and a return on equity of 14.78%. The firm's quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.36 EPS. Analysts predict that CACI International will post 23.88 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CACI. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of CACI International during the third quarter worth approximately $1,955,000. Geode Capital Management LLC raised its stake in CACI International by 5.0% during the 3rd quarter. Geode Capital Management LLC now owns 482,274 shares of the information technology services provider's stock valued at $243,386,000 after acquiring an additional 22,823 shares in the last quarter. Segall Bryant & Hamill LLC boosted its position in CACI International by 3.7% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 67,740 shares of the information technology services provider's stock worth $34,179,000 after acquiring an additional 2,396 shares during the period. Bridges Investment Management Inc. bought a new position in shares of CACI International in the second quarter worth $489,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of CACI International by 286.4% during 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 purchasing an additional 965 shares during the period. Institutional investors own 86.43% of the company's stock.

CACI International Company Profile

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.

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