Zacks Investment Research Upgrades CACI International, Inc. (CACI) to “Strong-Buy”
Zacks Investment Research upgraded shares of CACI International, Inc. (NYSE:CACI) from a hold rating to a strong-buy rating in a report released on Wednesday. The brokerage currently has $163.00 price target on the information technology services provider’s stock.
According to Zacks, “CACI International intends to drive operational excellence by intensively focusing on its organic and inorganic growth strategy and strengthening its existing customer relationships while building newer ones. The company further anticipates to significantly benefit from its cost-reduction program and reiterated its earlier guidance for fiscal 2018 on healthy growth dynamics. The company has a large pipeline of new projects and continues to win more deals at regular intervals. Furthermore, having the government as a big client lends stability to the business and moderates fluctuations in revenue. Moreover, government contracts also improve the visibility of future revenue streams. However, macroeconomic challenges, foreign currency volatility and regulatory pressure remain potential headwinds. The company has also underperformed the industry year to date.”
Several other research analysts also recently commented on CACI. Noble Financial reiterated a buy rating on shares of CACI International in a research note on Saturday, June 24th. Cowen and Company reiterated a buy rating and set a $152.00 target price on shares of CACI International in a research note on Thursday, October 12th. FBR & Co reiterated a neutral rating and set a $123.00 target price on shares of CACI International in a research note on Sunday, August 20th. BidaskClub upgraded CACI International from a sell rating to a hold rating in a research note on Wednesday, September 6th. Finally, Maxim Group reiterated a buy rating and set a $161.00 target price on shares of CACI International in a research note on Thursday, June 22nd. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and a consensus price target of $145.33.
Shares of CACI International (NYSE CACI) opened at 143.15 on Wednesday. The company has a market capitalization of $3.50 billion, a PE ratio of 21.92 and a beta of 1.61. The stock has a 50 day moving average price of $137.28 and a 200 day moving average price of $127.20. CACI International has a 52-week low of $96.05 and a 52-week high of $144.70.
CACI International (NYSE:CACI) last issued its 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 return on equity of 9.52% and a net margin of 3.76%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the company posted $1.75 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, analysts predict that CACI International will post $6.78 earnings per share for the current fiscal year.
In related news, Director Warren R. Phillips sold 400 shares of the business’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $125.30, for a total value of $50,120.00. Following the completion of the sale, the director now directly owns 5,344 shares in the company, valued at approximately $669,603.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Thomas A. Mutryn sold 6,165 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $131.28, for a total value of $809,341.20. Following the completion of the sale, the chief financial officer now owns 37,555 shares of the company’s stock, valued at $4,930,220.40. The disclosure for this sale can be found here. Insiders sold a total of 7,806 shares of company stock valued at $1,016,596 over the last 90 days. 1.44% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in CACI. UBS Asset Management Americas Inc. lifted its position in shares of CACI International by 8.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 15,328 shares of the information technology services provider’s stock valued at $1,798,000 after acquiring an additional 1,161 shares during the period. SG Americas Securities LLC lifted its position in shares of CACI International by 5.9% during the 1st 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 during the period. United Services Automobile Association bought a new stake in shares of CACI International during the 1st quarter valued at $548,000. Teachers Advisors LLC lifted its position in shares of CACI International by 0.9% during the 1st quarter. Teachers Advisors LLC now owns 195,899 shares of the information technology services provider’s stock valued at $22,979,000 after acquiring an additional 1,749 shares during the period. Finally, California Public Employees Retirement System lifted its position in shares of CACI International by 1.7% during the 1st quarter. California Public Employees Retirement System now owns 66,820 shares of the information technology services provider’s stock valued at $7,838,000 after acquiring an additional 1,100 shares during the period. Hedge funds and other institutional investors own 88.72% of the company’s stock.
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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