CACI International, Inc. (CACI) Rating Increased to Hold at BidaskClub
CACI International, Inc. (NYSE:CACI) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Wednesday.
CACI has been the topic of a number of other research reports. Zacks Investment Research cut CACI International from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Cowen and Company raised CACI International from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $140.00 to $145.00 in a research note on Monday, June 12th. FBR & Co reaffirmed a “neutral” rating and issued a $123.00 price objective on shares of CACI International in a research note on Sunday, August 20th. Maxim Group reduced their price objective on CACI International from $161.00 to $159.00 and set a “buy” rating on the stock in a research note on Thursday, August 31st. Finally, Noble Financial reaffirmed a “buy” rating on shares of CACI International in a research note on Friday, August 18th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $128.33.
CACI International (CACI) opened at 133.55 on Wednesday. The company’s 50-day moving average is $128.35 and its 200 day moving average is $124.13. The firm has a market cap of $3.27 billion, a P/E ratio of 20.45 and a beta of 1.58. CACI International has a 12 month low of $96.05 and a 12 month high of $135.35.
CACI International (NYSE:CACI) last issued its quarterly earnings results on Wednesday, August 16th. The information technology services provider reported $1.76 EPS for the quarter, topping the Zacks’ 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 for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the business earned $1.75 earnings per share. CACI International’s revenue was up 2.1% on a year-over-year basis. Equities research analysts expect that CACI International will post $6.78 EPS for the current fiscal year.
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In other news, CFO Thomas A. Mutryn sold 6,165 shares of CACI International stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $131.28, for a total transaction of $809,341.20. Following the sale, the chief financial officer now directly owns 37,555 shares of the company’s stock, valued at $4,930,220.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles P. Revoile sold 750 shares of CACI International stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $127.28, for a total value of $95,460.00. Following the sale, the director now directly owns 31,583 shares in the company, valued at $4,019,884.24. The disclosure for this sale can be found here. Insiders have sold 7,806 shares of company stock worth $1,016,596 over the last three months. Insiders own 1.15% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. State Street Corp boosted its stake in shares of CACI International by 3.6% during the second quarter. State Street Corp now owns 601,924 shares of the information technology services provider’s stock valued at $75,282,000 after purchasing an additional 21,125 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of CACI International by 0.6% during the second 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 purchasing an additional 2,805 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of CACI International by 0.6% during the second quarter. Ameriprise Financial Inc. now owns 345,420 shares of the information technology services provider’s stock valued at $43,194,000 after purchasing an additional 1,989 shares in the last quarter. Prudential PLC boosted its stake in shares of CACI International by 33.7% during the second quarter. Prudential PLC now owns 213,500 shares of the information technology services provider’s stock valued at $26,698,000 after purchasing an additional 53,800 shares in the last quarter. Finally, Teachers Advisors LLC boosted its stake in shares of CACI International by 3.9% during the second quarter. Teachers Advisors LLC now owns 203,527 shares of the information technology services provider’s stock valued at $25,451,000 after purchasing an additional 7,628 shares in the last quarter. 88.87% of the stock is currently owned by hedge funds and other institutional investors.
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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