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 research report report published on Friday.

Several other research firms have also recently weighed in on CACI. Robert W. Baird restated an “outperform” rating and set a $640.00 price target on shares of CACI International in a report on Tuesday, December 17th. The Goldman Sachs Group lowered CACI International from a “neutral” rating to a “sell” rating and reduced their target price for the company from $540.00 to $373.00 in a report on Thursday, December 12th. TD Cowen upgraded CACI International to a “strong-buy” rating in a report on Thursday, December 19th. Barclays raised their target price on CACI International from $610.00 to $625.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Finally, Bank of America boosted their price target on shares of CACI International from $535.00 to $555.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, CACI International has an average rating of “Moderate Buy” and an average price target of $524.45.

CACI International Price Performance

CACI stock opened at $406.17 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.75 and a current ratio of 1.75. The business has a 50-day simple moving average of $480.05 and a two-hundred day simple moving average of $471.40. The company has a market capitalization of $9.10 billion, a P/E ratio of 20.13, a price-to-earnings-growth ratio of 1.33 and a beta of 0.85. CACI International has a 52-week low of $314.06 and a 52-week high of $588.26.

CACI International (NYSE:CACI) last announced its earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.08 by $0.85. The company had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.92 billion. CACI International had a return on equity of 14.78% and a net margin of 5.77%. CACI International’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.36 earnings per share. Research analysts expect that CACI International will post 23.45 EPS for the current fiscal year.

Institutional Investors Weigh In On CACI International

A number of hedge funds and other institutional investors have recently bought and sold shares of CACI. Geode Capital Management LLC lifted its holdings in shares of CACI International by 5.0% in the third quarter. Geode Capital Management LLC now owns 482,274 shares of the information technology services provider’s stock worth $243,386,000 after buying an additional 22,823 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in CACI International by 1.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 340,880 shares of the information technology services provider’s stock worth $146,623,000 after purchasing an additional 5,610 shares in the last quarter. Van ECK Associates Corp boosted its holdings in CACI International by 42.5% in the 3rd quarter. Van ECK Associates Corp now owns 116,231 shares of the information technology services provider’s stock valued at $60,917,000 after purchasing an additional 34,647 shares during the period. Segall Bryant & Hamill LLC grew its position in shares of CACI International by 3.7% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 67,740 shares of the information technology services provider’s stock valued at $34,179,000 after purchasing an additional 2,396 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of CACI International by 37.1% in the third quarter. BNP Paribas Financial Markets now owns 58,953 shares of the information technology services provider’s stock worth $29,745,000 after purchasing an additional 15,961 shares during the period. Institutional investors own 86.43% of the company’s stock.

CACI International Company Profile

CACI International Inc, through its subsidiaries, engages in the provision of expertise and technology to enterprise and mission customers in support of national security in the intelligence, defense, and federal civilian sectors. The company operates through two segments, Domestic Operations and International Operations.