StockNews.com Downgrades CACI International (NYSE:CACI) to Hold

CACI International (NYSE:CACI) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Monday.

Several other research analysts also recently weighed in on the stock. Truist Financial increased their price target on shares of CACI International from $385.00 to $410.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. JPMorgan Chase & Co. raised their price objective on shares of CACI International from $375.00 to $383.00 and gave the company an “overweight” rating in a research report on Tuesday, February 6th. Robert W. Baird raised their price objective on shares of CACI International from $370.00 to $464.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Stifel Nicolaus upgraded shares of CACI International from a “hold” rating to a “buy” rating and raised their price objective for the company from $365.00 to $380.00 in a research report on Friday, January 5th. Finally, Wells Fargo & Company raised their price objective on shares of CACI International from $387.00 to $410.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $396.27.

CACI International Trading Up 0.5 %

Shares of NYSE CACI opened at $366.52 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.32 and a current ratio of 1.32. The firm’s 50 day moving average price is $369.92 and its 200-day moving average price is $342.31. CACI International has a 52-week low of $293.69 and a 52-week high of $382.65. The company has a market cap of $8.17 billion, a PE ratio of 22.20, a P/E/G ratio of 1.83 and a beta of 0.89.

CACI International (NYSE:CACI) last issued its quarterly earnings data on Wednesday, January 24th. The information technology services provider reported $4.36 earnings per share for the quarter, missing analysts’ consensus estimates of $4.50 by ($0.14). The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.84 billion. CACI International had a net margin of 5.31% and a return on equity of 13.65%. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the company earned $4.28 EPS. On average, equities research analysts expect that CACI International will post 20.27 EPS for the current fiscal year.

Insider Activity at CACI International

In other CACI International news, Director Gregory G. Johnson sold 150 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $361.69, for a total transaction of $54,253.50. Following the completion of the transaction, the director now owns 6,446 shares of the company’s stock, valued at $2,331,453.74. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP J William Koegel, Jr. sold 500 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $377.48, for a total transaction of $188,740.00. Following the sale, the executive vice president now owns 23,385 shares of the company’s stock, valued at $8,827,369.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gregory G. Johnson sold 150 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $361.69, for a total transaction of $54,253.50. Following the sale, the director now directly owns 6,446 shares in the company, valued at approximately $2,331,453.74. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

Institutional Trading of CACI International

Hedge funds have recently made changes to their positions in the business. Zions Bancorporation N.A. raised its holdings in CACI International by 37.3% in the first quarter. Zions Bancorporation N.A. now owns 2,762 shares of the information technology services provider’s stock valued at $832,000 after acquiring an additional 751 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in CACI International by 47.7% in the first quarter. Brown Brothers Harriman & Co. now owns 288 shares of the information technology services provider’s stock valued at $87,000 after acquiring an additional 93 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in CACI International by 43.8% in the first quarter. Neuberger Berman Group LLC now owns 1,911 shares of the information technology services provider’s stock valued at $576,000 after acquiring an additional 582 shares in the last quarter. Captrust Financial Advisors raised its holdings in CACI International by 435.5% in the second quarter. Captrust Financial Advisors now owns 4,943 shares of the information technology services provider’s stock valued at $1,393,000 after acquiring an additional 4,020 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in CACI International by 0.9% in the third quarter. Public Employees Retirement System of Ohio now owns 13,625 shares of the information technology services provider’s stock valued at $3,557,000 after acquiring an additional 122 shares in the last quarter. Institutional investors and hedge funds own 86.43% of the company’s stock.

About CACI International

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 through two segments: Domestic Operations and International Operations.