Analysts Set CACI International, Inc. (NYSE:CACI) Target Price at $609.09

CACI International, Inc. (NYSE:CACI) has been assigned an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $609.0909.

CACI has been the topic of several recent research reports. Citigroup dropped their price objective on shares of CACI International from $555.00 to $519.00 and set a “neutral” rating on the stock in a report on Wednesday, July 1st. Weiss Ratings downgraded shares of CACI International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 19th. TD Cowen lowered their price target on shares of CACI International from $625.00 to $550.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Wells Fargo & Company initiated coverage on shares of CACI International in a research note on Wednesday, April 1st. They set an “overweight” rating and a $275.00 price target on the stock. Finally, BNP Paribas Exane assumed coverage on shares of CACI International in a report on Wednesday, May 27th. They issued a “neutral” rating and a $550.00 price objective for the company.

Hedge Funds Weigh In On CACI International

A number of large investors have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of CACI International in the second quarter valued at $32,000. Harbor Investment Advisory LLC lifted its holdings in CACI International by 520.0% during the 2nd quarter. Harbor Investment Advisory LLC now owns 248 shares of the information technology services provider’s stock worth $115,000 after purchasing an additional 208 shares in the last quarter. CX Institutional lifted its holdings in CACI International by 12.5% during the 2nd quarter. CX Institutional now owns 3,717 shares of the information technology services provider’s stock worth $1,722,000 after purchasing an additional 412 shares in the last quarter. Argent Capital Management LLC bought a new position in CACI International in the 1st quarter worth about $5,158,000. Finally, EverSource Wealth Advisors LLC grew its holdings in CACI International by 9.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 395 shares of the information technology services provider’s stock valued at $215,000 after buying an additional 35 shares in the last quarter. 86.43% of the stock is owned by institutional investors.

CACI International Stock Up 6.0%

Shares of NYSE CACI opened at $467.21 on Thursday. CACI International has a one year low of $434.70 and a one year high of $683.50. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.61 and a quick ratio of 1.61. The business’s fifty day moving average price is $490.99 and its 200-day moving average price is $547.42. The stock has a market capitalization of $10.32 billion, a PE ratio of 19.27, a P/E/G ratio of 1.34 and a beta of 0.54.

CACI International (NYSE:CACI) last announced its quarterly earnings data on Wednesday, April 22nd. The information technology services provider reported $7.27 earnings per share for the quarter, topping the consensus estimate of $7.09 by $0.18. CACI International had a return on equity of 15.90% and a net margin of 5.86%.The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter last year, the firm posted $6.23 EPS. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, equities research analysts anticipate that CACI International will post 28.13 EPS for the current year.

About CACI International

CACI International Inc is a leading provider of information solutions and services to the U.S. federal government, with a primary focus on defense, intelligence, homeland security and federal civilian agencies. The company delivers advanced technology and domain expertise to support mission-critical operations, offering capabilities in areas such as data analytics, cyber security, network integration, enterprise IT modernization and logistics support. By integrating software, hardware and professional services, CACI helps clients enhance situational awareness, improve decision making and maintain critical infrastructure resilience.

Founded in 1962 and headquartered in Arlington, Virginia, CACI has evolved from a small consulting operation into a global enterprise.