CACI International (NYSE:CACI) Stock Bumped Down to Hold by Wall Street Zen

Wall Street Zen lowered shares of CACI International (NYSE:CACI) from a buy rating to a hold rating in a research report released on Sunday,Wall Street Zen reports.

A number of other research analysts also recently issued reports on CACI. BNP Paribas Exane downgraded CACI International from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $675.00 to $540.00 in a research note on Tuesday, October 6th. Citigroup raised their target price on CACI International from $648.00 to $689.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 7th. JPMorgan Chase & Co. upped their target price on shares of CACI International from $715.00 to $725.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 27th. Wells Fargo & Company reiterated an “overweight” rating and set a $715.00 price target on shares of CACI International in a research report on Monday, August 10th. Finally, Jefferies Financial Group upgraded CACI International from a “hold” rating to a “buy” rating and set a $725.00 price objective for the company in a report on Sunday, October 25th. Nine equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, CACI International currently has a consensus rating of “Moderate Buy” and an average target price of $727.70.

CACI International Trading Down 0.2%

Shares of CACI International stock opened at $674.48 on Friday. The company’s fifty day moving average price is $624.92 and its two-hundred day moving average price is $569.67. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.61 and a quick ratio of 1.61. The firm has a market capitalization of $14.98 billion, a PE ratio of 27.69 and a beta of 0.55. CACI International has a 52-week low of $434.70 and a 52-week high of $689.15.

CACI International (NYSE:CACI) last released its quarterly earnings data on Wednesday, October 21st. The information technology services provider reported $7.66 EPS for the quarter, beating analysts’ consensus estimates of $6.57 by $1.09. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.51 billion. CACI International had a return on equity of 15.56% and a net margin of 5.55%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.85 earnings per share. On average, analysts expect that CACI International will post 33.50 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd boosted its position in CACI International by 20.4% during the 3rd quarter. Covestor Ltd now owns 283 shares of the information technology services provider’s stock worth $173,000 after purchasing an additional 48 shares during the period. Sterling Capital Management LLC grew its position in shares of CACI International by 29.9% in the 3rd quarter. Sterling Capital Management LLC now owns 33,129 shares of the information technology services provider’s stock worth $20,179,000 after acquiring an additional 7,626 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of CACI International during the 3rd quarter valued at approximately $41,000. SBI Securities Co. Ltd. boosted its holdings in CACI International by 53.4% in the third quarter. SBI Securities Co. Ltd. now owns 89 shares of the information technology services provider’s stock worth $54,000 after purchasing an additional 31 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in shares of CACI International by 3.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,973 shares of the information technology services provider’s stock valued at $1,202,000 after buying an additional 68 shares during the last quarter. Institutional investors and hedge funds own 86.43% of the company’s stock.

About CACI International

CACI International Inc is a professional services and information technology company that provides mission-critical solutions to government customers, primarily in the United States. The company supports defense, intelligence, homeland security, and federal civilian agencies with expertise in areas such as enterprise IT, data analytics, artificial intelligence, cybersecurity, and software development.

CACI also delivers capabilities for command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR), electronic warfare, signals intelligence, and other national security missions.