CACI International (NYSE:CACI) Upgraded at StockNews.com

CACI International (NYSE:CACIGet Rating) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

A number of other equities analysts have also commented on the company. Stifel Nicolaus began coverage on CACI International in a report on Thursday, March 17th. They issued a “hold” rating for the company. Barclays raised their price target on CACI International from $300.00 to $340.00 and gave the stock an “overweight” rating in a report on Monday, April 25th. The Goldman Sachs Group lowered CACI International from a “buy” rating to a “neutral” rating and raised their price target for the stock from $304.00 to $336.00 in a report on Wednesday, April 13th. Morgan Stanley raised their price target on CACI International from $286.00 to $311.00 and gave the stock an “equal weight” rating in a report on Friday, March 18th. Finally, Wells Fargo & Company raised their price target on CACI International from $310.00 to $329.00 and gave the stock an “overweight” rating in a report on Thursday, March 24th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $321.00.

CACI stock opened at $259.87 on Tuesday. The firm has a market cap of $6.08 billion, a PE ratio of 15.01, a P/E/G ratio of 3.60 and a beta of 0.97. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.62. The business has a 50 day moving average of $275.79 and a 200-day moving average of $275.88. CACI International has a 12-month low of $238.29 and a 12-month high of $313.52.

CACI International (NYSE:CACIGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The information technology services provider reported $4.64 earnings per share for the quarter, missing the consensus estimate of $4.79 by ($0.15). CACI International had a net margin of 6.71% and a return on equity of 16.52%. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the company posted $5.28 earnings per share. CACI International’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, research analysts expect that CACI International will post 17.8 earnings per share for the current year.

In other news, CFO Thomas A. Mutryn sold 3,089 shares of CACI International stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of $260.00, for a total value of $803,140.00. Following the transaction, the chief financial officer now owns 33,761 shares in the company, valued at $8,777,860. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.27% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of CACI. Bank of New York Mellon Corp grew its stake in shares of CACI International by 42.7% in the third quarter. Bank of New York Mellon Corp now owns 739,911 shares of the information technology services provider’s stock worth $193,933,000 after purchasing an additional 221,504 shares during the last quarter. Yousif Capital Management LLC bought a new stake in shares of CACI International in the fourth quarter worth about $3,387,000. SG Americas Securities LLC grew its stake in shares of CACI International by 367.5% in the fourth quarter. SG Americas Securities LLC now owns 15,737 shares of the information technology services provider’s stock worth $4,237,000 after purchasing an additional 12,371 shares during the last quarter. Cibc World Markets Corp bought a new stake in shares of CACI International in the fourth quarter worth about $2,154,000. Finally, BNP Paribas Arbitrage SA grew its stake in shares of CACI International by 112.2% in the third quarter. BNP Paribas Arbitrage SA now owns 13,050 shares of the information technology services provider’s stock worth $3,420,000 after purchasing an additional 6,901 shares during the last quarter. 86.78% of the stock is currently owned by institutional investors.

About CACI International (Get Rating)

CACI International Inc, together with its subsidiaries, provides expertise and technology to enterprise and mission customers in support of national security missions and government modernization/transformation in the intelligence, defense, and federal civilian sectors. It operates in two segments, Domestic Operations and International Operations.

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