CACI International (NYSE:CACI) Rating Lowered to Hold at StockNews.com

StockNews.com cut shares of CACI International (NYSE:CACI) from a buy rating to a hold rating in a research note released on Monday.

CACI has been the topic of a number of other reports. Robert W. Baird boosted their price target on shares of CACI International from $370.00 to $464.00 and gave the stock an outperform rating in a report on Monday, April 8th. Truist Financial boosted their price objective on CACI International from $385.00 to $410.00 and gave the company a buy rating in a research note on Tuesday, April 9th. Jefferies Financial Group cut CACI International from a buy rating to a hold rating and lowered their price objective for the company from $375.00 to $350.00 in a research note on Wednesday, January 3rd. Stifel Nicolaus upgraded CACI International from a hold rating to a buy rating and boosted their price objective for the company from $365.00 to $380.00 in a research note on Friday, January 5th. Finally, Wells Fargo & Company boosted their price objective on CACI International from $387.00 to $410.00 and gave the company an overweight rating in a research note on Thursday, April 4th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, CACI International presently has an average rating of Moderate Buy and a consensus target price of $393.40.

CACI International Price Performance

Shares of NYSE:CACI opened at $364.63 on Monday. The company’s 50-day moving average is $369.58 and its 200 day moving average is $341.94. 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 company has a market capitalization of $8.12 billion, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 1.83 and a beta of 0.89. CACI International has a fifty-two week low of $293.69 and a fifty-two week high of $382.65.

CACI International (NYSE:CACI) last issued its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $1.84 billion. CACI International had a return on equity of 13.65% and a net margin of 5.31%. CACI International’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period last year, the firm posted $4.28 earnings per share. On average, equities research analysts forecast that CACI International will post 20.27 earnings per share for the current year.

Insider Activity

In related news, Director Gregory G. Johnson sold 150 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $361.69, for a total value of $54,253.50. Following the transaction, the director now directly owns 6,446 shares in the company, valued at $2,331,453.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Gregory G. Johnson sold 150 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $361.69, for a total value of $54,253.50. Following the transaction, the director now directly owns 6,446 shares in the company, valued at $2,331,453.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP J William Koegel, Jr. sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $377.48, for a total transaction of $188,740.00. Following the completion of the transaction, the executive vice president now owns 23,385 shares in the company, valued at $8,827,369.80. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CACI. California Public Employees Retirement System boosted its stake in shares of CACI International by 0.5% during the third quarter. California Public Employees Retirement System now owns 129,405 shares of the information technology services provider’s stock valued at $40,624,000 after purchasing an additional 630 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. raised its holdings in shares of CACI International by 65.2% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 68,139 shares of the information technology services provider’s stock valued at $22,067,000 after acquiring an additional 26,887 shares in the last quarter. Fort Washington Investment Advisors Inc. OH bought a new position in shares of CACI International during the fourth quarter valued at approximately $18,360,000. Teachers Retirement System of The State of Kentucky raised its holdings in shares of CACI International by 32.7% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 12,583 shares of the information technology services provider’s stock valued at $3,951,000 after acquiring an additional 3,104 shares in the last quarter. Finally, Amalgamated Bank raised its holdings in shares of CACI International by 10.1% during the third quarter. Amalgamated Bank now owns 16,390 shares of the information technology services provider’s stock valued at $5,145,000 after acquiring an additional 1,503 shares in the last quarter. 86.43% of the stock is currently owned by institutional investors.

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.