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

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

Other equities analysts have also recently issued reports about the company. Wells Fargo & Company reduced their target price on CACI International from $637.00 to $564.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 26th. Truist Financial dropped their target price on shares of CACI International from $650.00 to $550.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. JPMorgan Chase & Co. increased their price target on shares of CACI International from $520.00 to $555.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Robert W. Baird reaffirmed an “outperform” rating and set a $640.00 price objective on shares of CACI International in a research report on Tuesday, December 17th. Finally, Barclays boosted their target price on shares of CACI International from $610.00 to $625.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $524.45.

CACI International Trading Down 0.5 %

Shares of CACI opened at $406.17 on Friday. The stock has a market capitalization of $9.10 billion, a P/E ratio of 20.13, a PEG ratio of 1.33 and a beta of 0.85. CACI International has a twelve month low of $314.06 and a twelve month high of $588.26. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.48. The firm has a fifty day simple moving average of $480.05 and a two-hundred day simple moving average of $471.06.

CACI International (NYSE:CACI) last posted its earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share for the quarter, topping analysts’ consensus estimates of $5.08 by $0.85. CACI International had a net margin of 5.77% and a return on equity of 14.78%. The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same period in the prior year, the business posted $4.36 earnings per share. CACI International’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, research analysts anticipate that CACI International will post 23.45 EPS for the current year.

Institutional Investors Weigh In On CACI International

Several institutional investors and hedge funds have recently made changes to their positions in CACI. First Horizon Advisors Inc. boosted its holdings in CACI International by 40.0% in the third quarter. First Horizon Advisors Inc. now owns 63 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 18 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of CACI International by 81.4% during the 3rd quarter. UMB Bank n.a. now owns 78 shares of the information technology services provider’s stock valued at $39,000 after buying an additional 35 shares during the period. Coastline Trust Co purchased a new position in shares of CACI International in the 3rd quarter worth $45,000. Rosenberg Matthew Hamilton grew its holdings in shares of CACI International by 9.8% in the third quarter. Rosenberg Matthew Hamilton now owns 212 shares of the information technology services provider’s stock worth $107,000 after acquiring an additional 19 shares during the period. Finally, TD Private Client Wealth LLC lifted its holdings in CACI International by 49.1% in the third quarter. TD Private Client Wealth LLC now owns 252 shares of the information technology services provider’s stock valued at $127,000 after acquiring an additional 83 shares during the period. Institutional investors own 86.43% of the company’s stock.

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.