CACI International, Inc. (CACI) Stock Rating Lowered by Noble Financial
CACI International, Inc. (NYSE:CACI) was downgraded by analysts at Noble Financial from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.
Several other research analysts also recently issued reports on CACI. Zacks Investment Research raised CACI International from a “hold” rating to a “buy” rating and set a $143.00 price objective on the stock in a report on Wednesday, July 19th. Jefferies Group LLC upgraded CACI International from a “hold” rating to a “buy” rating and set a $154.00 price objective on the stock in a research report on Monday, July 17th. Maxim Group reissued a “buy” rating and issued a $161.00 target price on shares of CACI International in a research note on Thursday, June 22nd. Cowen and Company reissued a “buy” rating and issued a $145.00 target price on shares of CACI International in a research note on Monday, August 14th. Finally, ValuEngine upgraded CACI International from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $128.33.
Shares of CACI International (NYSE:CACI) opened at 142.20 on Tuesday. The company’s 50-day moving average price is $130.77 and its 200 day moving average price is $125.09. The company has a market cap of $3.48 billion, a PE ratio of 21.78 and a beta of 1.61. CACI International has a one year low of $96.05 and a one year high of $142.85.
CACI International (NYSE:CACI) last announced its earnings results on Wednesday, August 16th. The information technology services provider reported $1.76 EPS for the quarter, topping the consensus estimate of $1.68 by $0.08. CACI International had a return on equity of 9.52% and a net margin of 3.76%. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the business earned $1.75 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts forecast that CACI International will post $6.78 EPS for the current fiscal year.
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In related news, Director Gregory G. Johnson sold 400 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $125.25, for a total value of $50,100.00. Following the completion of the sale, the director now owns 4,817 shares in the company, valued at $603,329.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles P. Revoile sold 750 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $127.28, for a total value of $95,460.00. Following the completion of the sale, the director now owns 31,583 shares of the company’s stock, valued at approximately $4,019,884.24. The disclosure for this sale can be found here. Insiders sold a total of 7,806 shares of company stock worth $1,016,596 over the last 90 days. 1.15% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in CACI. Riverhead Capital Management LLC increased its stake in CACI International by 66.5% in the second quarter. Riverhead Capital Management LLC now owns 1,332 shares of the information technology services provider’s stock valued at $167,000 after purchasing an additional 532 shares in the last quarter. SG Americas Securities LLC raised its holdings in CACI International by 5.9% in the first quarter. SG Americas Securities LLC now owns 1,658 shares of the information technology services provider’s stock worth $194,000 after purchasing an additional 93 shares during the period. Miles Capital Inc. acquired a new stake in CACI International in the second quarter worth $211,000. World Asset Management Inc raised its holdings in CACI International by 0.3% in the second quarter. World Asset Management Inc now owns 1,800 shares of the information technology services provider’s stock worth $225,000 after purchasing an additional 6 shares during the period. Finally, Nomura Holdings Inc. acquired a new stake in CACI International in the first quarter worth $252,000. 88.87% of the stock is currently owned by hedge funds and other institutional investors.
About CACI International
CACI International Inc is a simulation technology company. The Company provides information solutions and services. The Company operates through two segments: domestic operations and international operations. It serves clients in the United States federal government and commercial markets, primarily throughout North America and internationally on behalf of the United States customers, as well as in the United Kingdom and the Netherlands.
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