CACI International, Inc. (CACI) Stock Rating Lowered by BidaskClub
CACI International, Inc. (NYSE:CACI) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.
A number of other equities analysts have also recently issued reports on the company. Noble Financial restated a “buy” rating on shares of CACI International in a report on Monday. B. Riley restated a “neutral” rating on shares of CACI International in a report on Friday, November 3rd. Zacks Investment Research cut CACI International from a “hold” rating to a “sell” rating in a report on Friday, November 3rd. Wells Fargo & Company upgraded CACI International from a “market perform” rating to an “outperform” rating and set a $158.00 price target on the stock in a report on Wednesday, October 25th. Finally, Jefferies Group LLC restated a “buy” rating and set a $154.00 price target on shares of CACI International in a report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. CACI International has a consensus rating of “Hold” and an average target price of $146.60.
CACI International (NYSE:CACI) traded down $0.55 during trading hours on Tuesday, reaching $122.90. 127,000 shares of the company’s stock were exchanged, compared to its average volume of 127,903. The firm has a market cap of $3,039.48, a P/E ratio of 18.34, a PEG ratio of 1.79 and a beta of 1.61. CACI International has a twelve month low of $112.10 and a twelve month high of $147.31. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.53 and a quick ratio of 1.53.
CACI International (NYSE:CACI) last posted its quarterly earnings results on Wednesday, November 1st. The information technology services provider reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.15. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. CACI International had a return on equity of 9.57% and a net margin of 3.87%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.47 EPS. research analysts expect that CACI International will post 6.9 EPS for the current fiscal year.
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In other CACI International news, Director Gregory G. Johnson sold 400 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $125.25, for a total transaction of $50,100.00. Following the transaction, the director now directly owns 4,817 shares in the company, valued at approximately $603,329.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Thomas A. Mutryn sold 6,165 shares of the firm’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 transaction, the chief financial officer now owns 37,555 shares in the company, valued at $4,930,220.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,806 shares of company stock worth $1,016,310. 1.44% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the business. State Street Corp lifted its stake in CACI International by 3.6% during the 2nd quarter. State Street Corp now owns 601,924 shares of the information technology services provider’s stock valued at $75,282,000 after acquiring an additional 21,125 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in CACI International by 0.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 483,033 shares of the information technology services provider’s stock valued at $60,403,000 after acquiring an additional 2,805 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in CACI International by 0.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 345,420 shares of the information technology services provider’s stock valued at $43,194,000 after acquiring an additional 1,989 shares in the last quarter. Prudential PLC lifted its stake in CACI International by 33.7% during the 2nd quarter. Prudential PLC now owns 213,500 shares of the information technology services provider’s stock valued at $26,698,000 after acquiring an additional 53,800 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its stake in CACI International by 0.4% during the 3rd quarter. Sterling Capital Management LLC now owns 212,520 shares of the information technology services provider’s stock valued at $29,615,000 after acquiring an additional 779 shares in the last quarter. Institutional investors and hedge funds own 85.50% 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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