CACI International (NYSE:CACI) Downgraded by StockNews.com

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

A number of other brokerages have also recently commented on CACI. Jefferies Financial Group cut CACI International from a buy rating to a hold rating and decreased their price objective for the stock from $375.00 to $350.00 in a research note on Wednesday, January 3rd. Truist Financial lifted their price objective on CACI International from $385.00 to $410.00 and gave the stock a buy rating in a research note on Tuesday, April 9th. Robert W. Baird lifted their price objective on CACI International from $370.00 to $464.00 and gave the stock an outperform rating in a research note on Monday, April 8th. JPMorgan Chase & Co. lifted their price objective on CACI International from $375.00 to $383.00 and gave the stock an overweight rating in a research note on Tuesday, February 6th. Finally, Stifel Nicolaus raised CACI International from a hold rating to a buy rating and lifted their price objective for the stock from $365.00 to $380.00 in a research note on Friday, January 5th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $396.27.

CACI International Trading Down 0.9 %

CACI stock opened at $362.51 on Monday. The company has a market cap of $8.08 billion, a P/E ratio of 21.96, a PEG ratio of 1.82 and a beta of 0.89. CACI International has a twelve month low of $293.69 and a twelve month high of $382.65. 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 business has a fifty day moving average of $370.15 and a 200-day moving average of $342.45.

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

Insider Activity

In other news, Director Gregory G. Johnson sold 150 shares of the business’s 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 sale, the director now directly owns 6,446 shares in the company, valued at $2,331,453.74. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Gregory G. Johnson sold 150 shares of the business’s 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 sale, the director now directly owns 6,446 shares in the company, valued at $2,331,453.74. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP J William Koegel, Jr. sold 500 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $377.48, for a total value of $188,740.00. Following the completion of the sale, the executive vice president now owns 23,385 shares in the company, valued at $8,827,369.80. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Institutional Trading of CACI International

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its holdings in CACI International by 0.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 10,306 shares of the information technology services provider’s stock worth $3,338,000 after acquiring an additional 37 shares in the last quarter. Cim Investment Management Inc. raised its holdings in CACI International by 3.6% during the first quarter. Cim Investment Management Inc. now owns 1,251 shares of the information technology services provider’s stock worth $371,000 after acquiring an additional 43 shares in the last quarter. Studio Investment Management LLC raised its holdings in CACI International by 3.0% during the fourth quarter. Studio Investment Management LLC now owns 1,534 shares of the information technology services provider’s stock worth $461,000 after acquiring an additional 44 shares in the last quarter. Covestor Ltd raised its holdings in CACI International by 9.1% during the third quarter. Covestor Ltd now owns 540 shares of the information technology services provider’s stock worth $170,000 after acquiring an additional 45 shares in the last quarter. Finally, Eagle Bay Advisors LLC raised its holdings in 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 worth $43,000 after acquiring an additional 63 shares in the last quarter. 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.