Wells Fargo Lowers Price Target for CACI International

Wells Fargo & Company has recently adjusted its price target for CACI International (NYSE:CACI) from $564.00 to $503.00. This new target was announced in a research note released on Wednesday morning, as reported by Benzinga. Despite this price reduction, Wells Fargo maintains an overweight rating on the information technology services provider’s stock.

CACI International has been discussed in various other research reports recently. For instance, UBS Group began its coverage of CACI on December 2nd, setting a ‘buy’ rating with a price target of $557.00. Meanwhile, The Goldman Sachs Group downgraded CACI from a ‘neutral’ rating to a ‘sell’ rating, with a revised price target of $373.00, down from $540.00, in a research report dated December 12th. On the other hand, Bank of America raised its price target from $535.00 to $555.00, also giving the company a ‘buy’ rating on September 17th. Furthermore, Raymond James improved CACI's rating from ‘market perform’ to ‘outperform’ and established a target price of $475.00 on January 2nd. Barclays has also increased its target for CACI from $610.00 to $625.00 while keeping an ‘overweight’ rating, announced on November 12th.

Currently, one equities research analyst has given the stock a sell rating, another has recommended holding, and ten analysts have rated it as a buy. According to MarketBeat, the average rating stands at ‘Moderate Buy’ with an average price target of $522.09.

CACI International Stock Performance

On Wednesday morning, CACI International stock opened at $432.19, demonstrating a 3.9% increase. Over the last year, the stock has fluctuated significantly, reaching a low of $326.47 and a peak of $588.26. Financial indicators show 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 market capitalization is approximately $9.68 billion, with a P/E ratio of 21.42 and a P/E/G ratio of 1.33, alongside a beta value of 0.87. Its fifty-day simple moving average is $455.99 while the 200-day average stands at $469.97.

Recent Earnings Performance

CACI International's latest quarterly earnings results were released on October 23rd. The firm reported earnings per share (EPS) of $5.93, surpassing the consensus estimate of $5.08 by $0.85. The company's return on equity was reported at 14.78%, with a net margin of 5.77%. In terms of revenue, CACI International generated $2.06 billion, exceeding analyst expectations of $1.92 billion. This performance marks an 11.2% increase in revenue compared to the same quarter the previous year, where the EPS was reported at $4.36. Analysts predict that CACI International will achieve an EPS of 23.45 for the current fiscal year.

Institutional Investors and Shareholding Trends

Recent activities among institutional investors and hedge funds indicate increased interest in CACI International. Geode Capital Management LLC expanded its holding by 5.0% during the third quarter and now owns 482,274 shares, which are valued at $243,386,000 after acquiring an additional 22,823 shares. Similarly, Barrow Hanley Mewhinney & Strauss LLC raised its stake by 1.7% during the second quarter, now owning 340,880 shares valued at $146,623,000. Van ECK Associates Corp saw a significant increase in its position by 42.5% during the third quarter, owning 116,231 shares worth $60,917,000 after adding 34,647 shares. Segall Bryant & Hamill LLC also increased its holdings by 3.7%, reaching 67,740 shares valued at $34,179,000. Furthermore, BNP Paribas Financial Markets increased its position by 37.1% and now holds 58,953 shares, valued at $29,745,000. Institutional investors now account for 86.43% of CACI International's stock.

CACI International Corporate Overview

CACI International Inc provides specialized expertise and technology to a wide range of enterprise and mission-focused customers, particularly in sectors such as national security, intelligence, defense, and federal civilian operations. The company operates through two main segments: Domestic Operations and International Operations.

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