CACI International (NYSE:CACI – Get Rating) released its quarterly earnings results on Wednesday. The information technology services provider reported $4.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $4.79 by ($0.15), MarketWatch Earnings reports. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.65 billion. CACI International had a net margin of 7.15% and a return on equity of 18.06%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $5.28 earnings per share.
CACI traded down $0.84 during trading on Friday, reaching $267.53. 15,740 shares of the company’s stock were exchanged, compared to its average volume of 170,393. CACI International has a 1 year low of $238.29 and a 1 year high of $313.52. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market capitalization of $6.26 billion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 4.27 and a beta of 0.94. The company’s fifty day simple moving average is $291.94 and its 200-day simple moving average is $277.86.
Several research firms have commented on CACI. Stifel Nicolaus began coverage on shares of CACI International in a research report on Thursday, March 17th. They set a “hold” rating for the company. Wells Fargo & Company increased their price objective on shares of CACI International from $310.00 to $329.00 and gave the company an “overweight” rating in a research report on Thursday, March 24th. The Goldman Sachs Group lowered shares of CACI International from a “buy” rating to a “neutral” rating and increased their price objective for the company from $304.00 to $336.00 in a research report on Wednesday, April 13th. Morgan Stanley increased their price objective on shares of CACI International from $286.00 to $311.00 and gave the company an “equal weight” rating in a research report on Friday, March 18th. Finally, StockNews.com lowered shares of CACI International from a “buy” rating to a “hold” rating in a research report on Thursday, April 21st. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $321.00.
Institutional investors have recently added to or reduced their stakes in the stock. OLD Mission Capital LLC acquired a new stake in CACI International in the 3rd quarter valued at $721,000. Metropolitan Life Insurance Co NY grew its stake in CACI International by 8.9% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 4,173 shares of the information technology services provider’s stock valued at $1,123,000 after acquiring an additional 341 shares during the period. Finally, Parametric Portfolio Associates LLC grew its stake in CACI International by 2.4% in the 4th quarter. Parametric Portfolio Associates LLC now owns 78,149 shares of the information technology services provider’s stock valued at $21,038,000 after acquiring an additional 1,862 shares during the period. 91.91% of the stock is currently owned by hedge funds and other 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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