CACI International, Inc. (CACI) Receives Consensus Recommendation of “Buy” from Analysts
Shares of CACI International, Inc. (NYSE:CACI) have been given a consensus rating of “Buy” by the fourteen analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $144.78.
Several research analysts recently commented on CACI shares. BidaskClub upgraded shares of CACI International from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Noble Financial cut shares of CACI International from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Zacks Investment Research cut shares of CACI International from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Cowen and Company restated a “buy” rating and set a $152.00 target price on shares of CACI International in a report on Thursday, October 12th. Finally, FBR & Co restated a “neutral” rating and set a $123.00 target price on shares of CACI International in a report on Sunday, August 20th.
CACI International (NYSE CACI) traded down $2.30 during trading on Wednesday, hitting $127.70. 78,074 shares of the stock traded hands, compared to its average volume of 112,059. The company has a market cap of $3,186.13, a price-to-earnings ratio of 19.32, a PEG ratio of 1.89 and a beta of 1.61. The company has a quick ratio of 1.67, a current ratio of 1.53 and a debt-to-equity ratio of 0.60.
CACI International (NYSE:CACI) last released its quarterly earnings results on Wednesday, November 1st. The information technology services provider reported $1.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.15. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. CACI International had a net margin of 3.87% and a return on equity of 9.57%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.47 earnings per share. equities research analysts predict that CACI International will post 6.86 earnings per share for the current fiscal year.
In other news, CFO Thomas A. Mutryn sold 6,165 shares of the stock in a transaction dated 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 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 available through the SEC website. Also, Director Gregory G. Johnson sold 400 shares of the stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $125.25, for a total transaction of $50,100.00. Following the completion of the transaction, the director now directly owns 4,817 shares in the company, valued at $603,329.25. The disclosure for this sale can be found here. Insiders sold 7,806 shares of company stock worth $1,016,596 over the last three months. Insiders own 1.44% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers increased its position in CACI International by 1.6% during the third quarter. Rhumbline Advisers now owns 55,692 shares of the information technology services provider’s stock worth $7,761,000 after acquiring an additional 891 shares during the period. Municipal Employees Retirement System of Michigan increased its position in CACI International by 39.7% during the third quarter. Municipal Employees Retirement System of Michigan now owns 12,040 shares of the information technology services provider’s stock worth $1,678,000 after acquiring an additional 3,420 shares during the period. New York State Common Retirement Fund increased its position in CACI International by 2.5% during the third quarter. New York State Common Retirement Fund now owns 32,629 shares of the information technology services provider’s stock worth $4,547,000 after acquiring an additional 800 shares during the period. Crossmark Global Holdings Inc. bought a new position in CACI International during the third quarter worth about $785,000. Finally, Cardinal Capital Management increased its position in CACI International by 7.8% during the third quarter. Cardinal Capital Management now owns 6,200 shares of the information technology services provider’s stock worth $863,000 after acquiring an additional 451 shares during the period. 86.82% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for CACI International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CACI International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.