CACI International (NYSE:CACI) Lowered to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of CACI International (NYSE:CACI) from a buy rating to a hold rating in a report issued on Friday.

A number of other brokerages also recently issued reports on CACI. Wells Fargo & Company reduced their price objective on CACI International from $637.00 to $564.00 and set an “overweight” rating for the company in a research note on Tuesday, November 26th. TD Cowen upgraded shares of CACI International to a “strong-buy” rating in a research report on Thursday, December 19th. UBS Group initiated coverage on shares of CACI International in a research report on Monday, December 2nd. They issued a “buy” rating and a $557.00 price objective on the stock. Truist Financial decreased their price target on shares of CACI International from $650.00 to $550.00 and set a “buy” rating for the company in a research note on Friday, November 22nd. Finally, Bank of America lifted their price target on shares of CACI International from $535.00 to $555.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $524.45.

CACI International Price Performance

CACI opened at $406.17 on Friday. CACI International has a 1 year low of $314.06 and a 1 year high of $588.26. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.75 and a quick ratio of 1.75. The company has a market capitalization of $9.10 billion, a price-to-earnings ratio of 20.13, a P/E/G ratio of 1.33 and a beta of 0.85. The firm’s fifty day moving average price is $480.05 and its two-hundred day moving average price is $471.06.

CACI International (NYSE:CACI) last released its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share for the quarter, topping the consensus estimate of $5.08 by $0.85. The business had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.92 billion. CACI International had a net margin of 5.77% and a return on equity of 14.78%. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the previous year, the company earned $4.36 earnings per share. As a group, analysts anticipate that CACI International will post 23.45 earnings per share for the current fiscal year.

Institutional Trading of CACI International

Several institutional investors and hedge funds have recently bought and sold shares of CACI. Sumitomo Mitsui Trust Group Inc. bought a new stake in CACI International during the third quarter worth about $1,955,000. Geode Capital Management LLC raised its stake in shares of CACI International by 5.0% during the third quarter. Geode Capital Management LLC now owns 482,274 shares of the information technology services provider’s stock worth $243,386,000 after acquiring an additional 22,823 shares in the last quarter. Segall Bryant & Hamill LLC lifted its holdings in shares of CACI International by 3.7% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 67,740 shares of the information technology services provider’s stock worth $34,179,000 after acquiring an additional 2,396 shares during the last quarter. Bridges Investment Management Inc. bought a new position in shares of CACI International during the 2nd quarter valued at $489,000. Finally, Farther Finance Advisors LLC raised its position in CACI International by 286.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,302 shares of the information technology services provider’s stock worth $657,000 after purchasing an additional 965 shares during the period. 86.43% of the stock is currently owned by hedge funds and other institutional investors.

About CACI International

CACI International Inc, through its subsidiaries, engages in the provision of expertise and technology to enterprise and mission customers in support of national security in the intelligence, defense, and federal civilian sectors. The company operates through two segments, Domestic Operations and International Operations.