CACI International (NYSE:CACI) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of CACI International (NYSE:CACI) from a buy rating to a hold rating in a report published on Sunday morning,Wall Street Zen reports.

CACI has been the topic of several other research reports. Stifel Nicolaus raised their price objective on shares of CACI International from $892.00 to $925.00 and gave the company a “buy” rating in a research report on Friday, October 23rd. BNP Paribas Exane lowered shares of CACI International from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $675.00 to $540.00 in a research report on Tuesday, October 6th. Weiss Ratings cut CACI International from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, October 28th. Citigroup increased their target price on CACI International from $648.00 to $689.00 and gave the company a “neutral” rating in a research note on Wednesday, October 7th. Finally, UBS Group restated a “buy” rating and set a $823.00 price target (down from $826.00) on shares of CACI International in a research report on Friday, October 23rd. Nine investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $727.70.

CACI International Stock Down 0.2%

CACI stock opened at $679.36 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 1.04. The company’s 50 day moving average is $626.36 and its 200 day moving average is $570.39. The stock has a market cap of $15.09 billion, a price-to-earnings ratio of 27.89 and a beta of 0.55. CACI International has a 1-year low of $434.70 and a 1-year high of $694.01.

CACI International (NYSE:CACI) last announced its earnings results on Wednesday, October 21st. The information technology services provider reported $7.66 earnings per share for the quarter, beating analysts’ consensus estimates of $6.57 by $1.09. CACI International had a net margin of 5.55% and a return on equity of 15.56%. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same period last year, the firm posted $6.85 earnings per share. CACI International’s quarterly revenue was up 8.2% on a year-over-year basis. Sell-side analysts predict that CACI International will post 33.50 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CACI. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in CACI International in the first quarter worth $5,384,000. Argent Capital Management LLC purchased a new stake in CACI International during the first quarter valued at about $5,158,000. Sterling Capital Management LLC boosted its position in CACI International by 29.9% during the third quarter. Sterling Capital Management LLC now owns 33,129 shares of the information technology services provider’s stock valued at $20,179,000 after buying an additional 7,626 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of CACI International during the second quarter valued at about $2,887,000. Finally, Westport Asset Management Inc. bought a new position in shares of CACI International during the second quarter valued at about $2,316,000. 86.43% of the stock is owned by hedge funds and other institutional investors.

CACI International Company Profile

CACI International Inc is a professional services and information technology company that provides mission-critical solutions to government customers, primarily in the United States. The company supports defense, intelligence, homeland security, and federal civilian agencies with expertise in areas such as enterprise IT, data analytics, artificial intelligence, cybersecurity, and software development.

CACI also delivers capabilities for command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR), electronic warfare, signals intelligence, and other national security missions.