CACI International (NYSE:CACI) Downgraded by StockNews.com to Hold

StockNews.com lowered shares of CACI International (NYSE:CACI) from a buy rating to a hold rating in a research report report published on Monday morning.

Other equities research analysts also recently issued reports about the company. Robert W. Baird increased their price objective on CACI International from $370.00 to $464.00 and gave the stock an outperform rating in a research note on Monday, April 8th. Truist Financial raised their price objective on 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 target price on CACI International from $375.00 to $383.00 and gave the stock an overweight rating in a research report on Tuesday, February 6th. Wells Fargo & Company lifted their price objective on CACI International from $387.00 to $410.00 and gave the company an overweight rating in a research report on Thursday, April 4th. Finally, Stifel Nicolaus raised CACI International from a hold rating to a buy rating and lifted their target price for the company from $365.00 to $380.00 in a research note on Friday, January 5th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, CACI International currently has a consensus rating of Moderate Buy and an average target price of $393.40.

CACI International Price Performance

CACI International stock opened at $364.63 on Monday. The company has a market cap 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. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.32 and a current ratio of 1.32. CACI International has a one year low of $293.69 and a one year high of $382.65. The business has a fifty day moving average of $369.58 and a two-hundred day moving average of $341.94.

CACI International (NYSE:CACI) last posted its quarterly earnings results on Wednesday, January 24th. The information technology services provider reported $4.36 EPS for the quarter, missing the consensus estimate of $4.50 by ($0.14). The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.84 billion. CACI International had a net margin of 5.31% and a return on equity of 13.65%. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the firm earned $4.28 EPS. As a group, analysts predict that CACI International will post 20.27 earnings per share for the current fiscal year.

Insider Activity at CACI International

In related news, Director Gregory G. Johnson sold 150 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was 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 approximately $2,331,453.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 value of $54,253.50. Following the completion of the transaction, the director now directly owns 6,446 shares of the company’s stock, valued at $2,331,453.74. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP J William Koegel, Jr. sold 500 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $377.48, for a total transaction of $188,740.00. Following the completion of the sale, 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. 1.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Running Oak Capital LLC raised its position in shares of CACI International by 10.6% during the 1st quarter. Running Oak Capital LLC now owns 30,101 shares of the information technology services provider’s stock worth $11,403,000 after buying an additional 2,883 shares in the last quarter. M&R Capital Management Inc. bought a new stake in shares of CACI International in the 1st quarter worth approximately $1,092,000. Sanibel Captiva Trust Company Inc. bought a new stake in shares of CACI International in the 4th quarter worth approximately $324,000. Public Employees Retirement System of Ohio raised its holdings in shares of CACI International by 0.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 10,306 shares of the information technology services provider’s stock worth $3,338,000 after purchasing an additional 37 shares in the last quarter. Finally, Port Capital LLC raised its holdings in shares of CACI International by 17.2% in the 4th quarter. Port Capital LLC now owns 99,261 shares of the information technology services provider’s stock worth $32,147,000 after purchasing an additional 14,586 shares in the last quarter. 86.43% of the stock is owned by institutional investors and hedge funds.

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.