CACI International, Inc. (CACI) Downgraded to “Hold” at ValuEngine
ValuEngine downgraded shares of CACI International, Inc. (NYSE:CACI) from a buy rating to a hold rating in a research note released on Tuesday.
Other equities research analysts have also issued reports about the stock. Maxim Group cut their price target on shares of CACI International from $161.00 to $159.00 and set a buy rating on the stock in a research note on Thursday, August 31st. Zacks Investment Research raised shares of CACI International from a hold rating to a buy rating and set a $143.00 price objective on the stock in a research report on Wednesday, July 19th. Jefferies Group LLC raised shares of 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. Noble Financial reissued a buy rating on shares of CACI International in a research report on Saturday, June 24th. Finally, Cowen and Company reissued a buy rating and set a $145.00 price objective on shares of CACI International in a research report on Monday, August 14th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $129.67.
Shares of CACI International (NYSE CACI) opened at 143.30 on Tuesday. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 21.94 and a beta of 1.61. CACI International has a 12-month low of $96.05 and a 12-month high of $144.25. The firm has a 50-day moving average of $133.57 and a 200 day moving average of $125.92.
CACI International (NYSE:CACI) last announced its quarterly earnings results on Wednesday, August 16th. The information technology services provider reported $1.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.08. CACI International had a net margin of 3.76% and a return on equity of 9.52%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the business earned $1.75 EPS. CACI International’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts forecast that CACI International will post $6.78 earnings per share for the current fiscal year.
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In other news, Director Warren R. Phillips sold 400 shares of CACI International stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $125.30, for a total value of $50,120.00. Following the sale, the director now owns 5,344 shares of the company’s stock, valued at $669,603.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Thomas A. Mutryn sold 6,165 shares of CACI International stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $131.28, for a total transaction of $809,341.20. Following the completion of the sale, the chief financial officer now directly owns 37,555 shares in the company, valued at approximately $4,930,220.40. The disclosure for this sale can be found here. Insiders have sold a total of 7,806 shares of company stock worth $1,016,596 over the last three months. 1.15% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the company. Riverhead Capital Management LLC boosted its holdings in shares of 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 acquiring an additional 532 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of 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 valued at $194,000 after acquiring an additional 93 shares in the last quarter. Miles Capital Inc. purchased a new stake in shares of CACI International in the second quarter valued at about $211,000. World Asset Management Inc boosted its holdings in shares of 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 valued at $225,000 after acquiring an additional 6 shares in the last quarter. Finally, Dubuque Bank & Trust Co. boosted its holdings in shares of CACI International by 9.0% in the second quarter. Dubuque Bank & Trust Co. now owns 2,123 shares of the information technology services provider’s stock valued at $265,000 after acquiring an additional 175 shares in the last quarter. 88.87% of the stock is currently owned by institutional investors and hedge funds.
CACI International Company Profile
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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