CACI International (NYSE:CACI) Cut to “Hold” at StockNews.com

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

CACI has been the topic of several other reports. Truist Financial upped their price objective on CACI International from $385.00 to $410.00 and gave the company a buy rating in a research report on Tuesday, April 9th. Jefferies Financial Group downgraded CACI International from a buy rating to a hold rating and reduced their price objective for the company from $375.00 to $350.00 in a research report on Wednesday, January 3rd. Wells Fargo & Company upped their target price on CACI International from $387.00 to $410.00 and gave the company an overweight rating in a research note on Thursday, April 4th. Stifel Nicolaus upgraded CACI International from a hold rating to a buy rating and upped their target price for the company from $365.00 to $380.00 in a research note on Friday, January 5th. Finally, JPMorgan Chase & Co. upped their target price on CACI International from $375.00 to $383.00 and gave the company an overweight rating in a research note on Tuesday, February 6th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $396.27.

CACI International Stock Up 0.5 %

CACI International stock opened at $364.28 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.32 and a quick ratio of 1.32. CACI International has a 1-year low of $293.69 and a 1-year high of $382.65. The company has a market cap of $8.12 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 1.82 and a beta of 0.89. The stock’s 50 day moving average price is $370.32 and its 200 day moving average price is $342.60.

CACI International (NYSE:CACI) last posted 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). CACI International had a net margin of 5.31% and a return on equity of 13.65%. The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter last year, the firm earned $4.28 earnings per share. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. On average, sell-side analysts predict that CACI International will post 20.27 EPS for the current fiscal year.

Insider Transactions at CACI International

In other news, Director Gregory G. Johnson sold 150 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $361.69, for a total value of $54,253.50. Following the completion of the sale, the director now owns 6,446 shares of the company’s stock, valued at $2,331,453.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, EVP J William Koegel, Jr. sold 500 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $377.48, for a total value of $188,740.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 approximately $2,331,453.74. The disclosure for this sale can be found here. Company insiders own 1.23% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. ST Germain D J Co. Inc. acquired a new stake in shares of CACI International during the 2nd quarter worth approximately $41,000. Eagle Bay Advisors LLC raised its position in shares of CACI International by 91.3% during the 4th quarter. Eagle Bay Advisors LLC now owns 132 shares of the information technology services provider’s stock worth $43,000 after purchasing an additional 63 shares during the period. Brown Brothers Harriman & Co. raised its position in shares of CACI International by 47.7% during the 1st quarter. Brown Brothers Harriman & Co. now owns 288 shares of the information technology services provider’s stock worth $87,000 after purchasing an additional 93 shares during the period. Anchor Investment Management LLC acquired a new stake in shares of CACI International during the 4th quarter worth approximately $152,000. Finally, Covestor Ltd raised its position in shares of CACI International by 9.1% during the 3rd quarter. Covestor Ltd now owns 540 shares of the information technology services provider’s stock worth $170,000 after purchasing an additional 45 shares during the period. Institutional investors 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.