CACI International (NYSE:CACI) Lifted to “Buy” at StockNews.com

StockNews.com upgraded shares of CACI International (NYSE:CACIGet Rating) from a hold rating to a buy rating in a research note released on Tuesday.

Several other equities research analysts have also issued reports on CACI. Wells Fargo & Company raised their price objective on CACI International from $310.00 to $329.00 and gave the company an overweight rating in a research note on Thursday, March 24th. Stifel Nicolaus began coverage on CACI International in a research note on Thursday, March 17th. They set a hold rating for the company. The Goldman Sachs Group lowered CACI International from a buy rating to a neutral rating and raised their price target for the stock from $304.00 to $336.00 in a research note on Wednesday, April 13th. Barclays raised their price target on CACI International from $300.00 to $340.00 and gave the stock an overweight rating in a research note on Monday, April 25th. Finally, Morgan Stanley raised their price target on CACI International from $286.00 to $311.00 and gave the stock an equal weight rating in a research note on Friday, March 18th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, CACI International presently has a consensus rating of Moderate Buy and a consensus price target of $321.00.

NYSE CACI opened at $264.45 on Tuesday. The stock has a market capitalization of $6.19 billion, a PE ratio of 15.28, a P/E/G ratio of 3.65 and a beta of 0.97. CACI International has a 1-year low of $238.29 and a 1-year high of $313.52. The business has a 50 day simple moving average of $273.76 and a two-hundred day simple moving average of $275.69. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.29 and a quick ratio of 1.29.

CACI International (NYSE:CACIGet Rating) last posted its quarterly earnings data on Wednesday, April 27th. The information technology services provider reported $4.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.79 by ($0.15). The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.65 billion. CACI International had a net margin of 6.71% and a return on equity of 16.52%. CACI International’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $5.28 earnings per share. On average, analysts anticipate that CACI International will post 17.8 EPS for the current fiscal year.

In other CACI International news, CFO Thomas A. Mutryn sold 3,089 shares of CACI International stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $260.00, for a total transaction of $803,140.00. Following the completion of the sale, the chief financial officer now directly owns 33,761 shares of the company’s stock, valued at approximately $8,777,860. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.56% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Neuberger Berman Group LLC purchased a new position in shares of CACI International in the 3rd quarter valued at $204,000. Tudor Investment Corp Et Al purchased a new position in shares of CACI International in the 3rd quarter valued at $221,000. BNP Paribas Arbitrage SA increased its holdings in shares of CACI International by 112.2% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 13,050 shares of the information technology services provider’s stock valued at $3,420,000 after acquiring an additional 6,901 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of CACI International by 42.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 739,911 shares of the information technology services provider’s stock valued at $193,933,000 after acquiring an additional 221,504 shares during the period. Finally, Comerica Bank increased its holdings in shares of CACI International by 40.5% in the 3rd quarter. Comerica Bank now owns 18,492 shares of the information technology services provider’s stock valued at $5,272,000 after acquiring an additional 5,331 shares during the period. 86.78% of the stock is owned by institutional investors and hedge funds.

About CACI International (Get Rating)

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 in two segments, Domestic Operations and International Operations.

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