CACI International (NYSE:CACI) Cut to “Hold” at StockNews.com

StockNews.com cut shares of CACI International (NYSE:CACI) from a buy rating to a hold rating in a report published on Monday.

Other analysts also recently issued reports about the company. Jefferies Financial Group downgraded CACI International from a buy rating to a hold rating and cut their target price for the company from $375.00 to $350.00 in a research note on Wednesday, January 3rd. Truist Financial increased their price target on CACI International from $385.00 to $410.00 and gave the company a buy rating in a report on Tuesday, April 9th. Wells Fargo & Company increased their price target on CACI International from $387.00 to $410.00 and gave the company an overweight rating in a report on Thursday, April 4th. Robert W. Baird increased their price target on CACI International from $370.00 to $464.00 and gave the company an outperform rating in a report on Monday, April 8th. Finally, JPMorgan Chase & Co. increased their price target on CACI International from $375.00 to $383.00 and gave the company an overweight rating in a report on Tuesday, February 6th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $396.27.

CACI International Stock Performance

CACI International stock opened at $364.28 on Monday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $8.12 billion, a P/E ratio of 22.06, a PEG ratio of 1.82 and a beta of 0.89. The stock’s 50 day moving average is $370.32 and its 200 day moving average is $342.60. CACI International has a twelve month low of $293.69 and a twelve month high of $382.65.

CACI International (NYSE:CACI) last posted its quarterly earnings results on Wednesday, January 24th. The information technology services provider reported $4.36 earnings per share for the quarter, missing the consensus estimate of $4.50 by ($0.14). The company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.84 billion. CACI International had a return on equity of 13.65% and a net margin of 5.31%. The business’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.28 EPS. On average, equities research analysts predict that CACI International will post 20.27 earnings per share for the current fiscal year.

Insider Buying and Selling at CACI International

In other news, EVP J William Koegel, Jr. sold 500 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $377.48, for a total transaction of $188,740.00. Following the completion of the transaction, the executive vice president now owns 23,385 shares in the company, valued at $8,827,369.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Gregory G. Johnson sold 150 shares of CACI International stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $361.69, for a total value of $54,253.50. Following the completion of the transaction, the director now owns 6,446 shares in the company, valued at $2,331,453.74. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP J William Koegel, Jr. sold 500 shares of CACI International stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $377.48, for a total value of $188,740.00. Following the completion of the transaction, the executive vice president now owns 23,385 shares of the company’s stock, valued at approximately $8,827,369.80. The disclosure for this sale can be found here. Insiders own 1.23% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CACI. ST Germain D J Co. Inc. purchased a new position in shares of CACI International during the second quarter valued at approximately $41,000. Eagle Bay Advisors LLC boosted its position in shares of CACI International by 91.3% during the fourth quarter. Eagle Bay Advisors LLC now owns 132 shares of the information technology services provider’s stock valued at $43,000 after buying an additional 63 shares during the period. Brown Brothers Harriman & Co. boosted its position in shares of CACI International by 47.7% during the first quarter. Brown Brothers Harriman & Co. now owns 288 shares of the information technology services provider’s stock valued at $87,000 after buying an additional 93 shares during the period. Anchor Investment Management LLC purchased a new position in shares of CACI International during the fourth quarter valued at approximately $152,000. Finally, Covestor Ltd boosted its position in shares of CACI International by 9.1% during the third quarter. Covestor Ltd now owns 540 shares of the information technology services provider’s stock valued at $170,000 after buying an additional 45 shares during the period. Hedge funds and other institutional investors own 86.43% of the company’s stock.

About CACI International

CACI International Inc, together with its subsidiaries, provides expertise and technology to enterprise and mission customers in support of national security missions and government modernization/transformation in the intelligence, defense, and federal civilian sectors. It operates through two segments: Domestic Operations and International Operations.