CACI International, Inc. (CACI) Receives Outperform Rating from Cowen and Company
Cowen and Company restated their outperform rating on shares of CACI International, Inc. (NYSE:CACI) in a research note released on Monday. Cowen and Company currently has a $145.00 price target on the information technology services provider’s stock.
A number of other research firms have also issued reports on CACI. ValuEngine upgraded CACI International from a hold rating to a buy rating in a report on Friday, June 2nd. Zacks Investment Research lowered CACI International from a buy rating to a sell rating in a report on Tuesday, April 18th. Noble Financial raised shares of CACI International from a hold rating to a buy rating in a research note on Friday, May 5th. Maxim Group reaffirmed a buy rating and issued a $161.00 price target (up from $153.00) on shares of CACI International in a research note on Thursday, May 4th. Finally, Vertical Research started coverage on shares of CACI International in a research note on Thursday, March 16th. They issued a buy rating and a $143.00 price target on the stock. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. CACI International presently has an average rating of Buy and a consensus price target of $117.82.
CACI International (NYSE CACI) traded down 0.87% during trading on Monday, reaching $119.90. The company’s stock had a trading volume of 17,537 shares. CACI International has a 52 week low of $87.31 and a 52 week high of $135.35. The firm has a 50-day moving average price of $123.88 and a 200-day moving average price of $123.52. The firm has a market capitalization of $2.93 billion, a P/E ratio of 18.40 and a beta of 1.72.
CACI International (NYSE:CACI) last announced its quarterly earnings data on Wednesday, May 3rd. The information technology services provider reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.14. CACI International had a return on equity of 9.75% and a net margin of 3.76%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm earned $1.38 EPS. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. On average, equities analysts anticipate that CACI International will post $6.46 EPS for the current fiscal year.
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In other CACI International news, Director Warren R. Phillips sold 365 shares of CACI International stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $124.32, for a total value of $45,376.80. Following the sale, the director now directly owns 5,240 shares in the company, valued at approximately $651,436.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kenneth Asbury sold 25,050 shares of CACI International stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $124.86, for a total transaction of $3,127,743.00. Following the completion of the sale, the chief executive officer now owns 50,315 shares in the company, valued at $6,282,330.90. The disclosure for this sale can be found here. Insiders sold a total of 25,861 shares of company stock worth $3,229,425 over the last ninety days. 1.15% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of CACI. Paloma Partners Management Co raised its stake in shares of CACI International by 0.6% in the first quarter. Paloma Partners Management Co now owns 13,682 shares of the information technology services provider’s stock valued at $1,605,000 after buying an additional 78 shares during the last quarter. Nomura Holdings Inc. purchased a new position in CACI International during the first quarter valued at $252,000. State Street Corp raised its position in CACI International by 6.2% in the first quarter. State Street Corp now owns 580,799 shares of the information technology services provider’s stock valued at $68,127,000 after buying an additional 33,745 shares in the last quarter. Geode Capital Management LLC raised its position in CACI International by 9.0% in the first quarter. Geode Capital Management LLC now owns 191,284 shares of the information technology services provider’s stock valued at $22,437,000 after buying an additional 15,724 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in CACI International during the first quarter valued at $491,000. Hedge funds and other institutional investors own 91.06% of the company’s stock.
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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