CACI International (NYSE:CACI) Raised to “Buy” at Jefferies Financial Group

CACI International (NYSE:CACI) was upgraded by research analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a report released on Thursday, MarketBeat reports. The brokerage presently has a $515.00 price target on the information technology services provider’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 13.83% from the company’s previous close.

Several other research analysts also recently commented on the company. Robert W. Baird reissued an “outperform” rating and set a $640.00 target price on shares of CACI International in a research note on Tuesday, December 17th. Wells Fargo & Company lowered their price objective on shares of CACI International from $564.00 to $503.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. UBS Group began coverage on shares of CACI International in a research report on Monday, December 2nd. They issued a “buy” rating and a $557.00 target price on the stock. Truist Financial dropped their price target 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. Finally, Raymond James upgraded CACI International from a “market perform” rating to an “outperform” rating and set a $475.00 price objective on the stock in a research report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $521.50.

CACI International Stock Performance

NYSE CACI opened at $452.43 on Thursday. The firm’s 50 day simple moving average is $442.22 and its 200 day simple moving average is $470.49. The firm has a market capitalization of $10.14 billion, a price-to-earnings ratio of 22.42, a P/E/G ratio of 1.31 and a beta of 0.87. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.48. CACI International has a 1 year low of $326.60 and a 1 year high of $588.26.

CACI International (NYSE:CACI) last issued its earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share for the quarter, beating analysts’ consensus estimates of $5.08 by $0.85. CACI International had a return on equity of 14.78% and a net margin of 5.77%. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter last year, the business posted $4.36 EPS. The company’s revenue was up 11.2% compared to the same quarter last year. As a group, research analysts expect that CACI International will post 23.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CACI International

A number of hedge funds and other institutional investors have recently made changes to their positions in CACI. First Horizon Advisors Inc. raised its holdings in CACI International by 40.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 63 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 18 shares during the last quarter. Rosenberg Matthew Hamilton increased its position in shares of CACI International by 9.8% during the third quarter. Rosenberg Matthew Hamilton now owns 212 shares of the information technology services provider’s stock worth $107,000 after buying an additional 19 shares during the period. UMB Bank n.a. raised its stake in CACI International by 37.2% during the fourth quarter. UMB Bank n.a. now owns 107 shares of the information technology services provider’s stock worth $43,000 after buying an additional 29 shares during the last quarter. GAMMA Investing LLC lifted its holdings in CACI International by 69.4% in the fourth quarter. GAMMA Investing LLC now owns 122 shares of the information technology services provider’s stock valued at $49,000 after buying an additional 50 shares during the period. Finally, Captrust Financial Advisors boosted its position in CACI International by 10.2% during the third quarter. Captrust Financial Advisors now owns 823 shares of the information technology services provider’s stock valued at $415,000 after acquiring an additional 76 shares during 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.