Maxim Group Reaffirms Buy Rating for CACI International, Inc. (CACI)
CACI International, Inc. (NYSE:CACI)‘s stock had its “buy” rating reissued by stock analysts at Maxim Group in a research note issued to investors on Thursday. They currently have a $161.00 price target on the information technology services provider’s stock. Maxim Group’s price objective would suggest a potential upside of 33.22% from the stock’s current price.
The analysts wrote, “Initial FY18 guidance implies 1-5% organic revenue growth after several years of revenue contraction excluding acquisitions.””
Several other research firms also recently weighed in on CACI. Vertical Research started coverage on shares of CACI International in a research note on Thursday, March 16th. They issued a “buy” rating and a $143.00 price target for the company. Noble Financial upgraded shares of CACI International from a “hold” rating to a “buy” rating in a report on Friday, May 5th. ValuEngine upgraded shares of CACI International from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded shares of CACI International from a “sell” rating to a “hold” rating in a report on Friday, May 5th. Finally, Cowen and Company reiterated an “outperform” rating and set a $145.00 price objective on shares of CACI International in a report on Monday. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. CACI International presently has an average rating of “Buy” and a consensus target price of $117.82.
CACI International (NYSE:CACI) last released its quarterly earnings results on Wednesday, May 3rd. The information technology services provider reported $1.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.14. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.04 billion. CACI International had a net margin of 3.76% and a return on equity of 9.75%. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.38 earnings per share.
In related news, CEO Kenneth Asbury sold 25,050 shares of the business’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $124.86, for a total transaction of $3,127,743.00. Following the transaction, the chief executive officer now directly owns 50,315 shares in the company, valued at $6,282,330.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gregory G. Johnson sold 355 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $127.00, for a total transaction of $45,085.00. Following the transaction, the director now owns 4,965 shares in the company, valued at $630,555. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,861 shares of company stock worth $3,229,425. 1.15% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Paloma Partners Management Co raised its stake in shares of CACI International by 0.6% in the first quarter. Paloma Partners Management Co now owns 13,682 shares of the information technology services provider’s stock valued at $1,605,000 after buying an additional 78 shares in the last quarter. Nomura Holdings Inc. bought a new stake in shares of CACI International during the first quarter valued at approximately $252,000. State Street Corp raised its stake in shares of CACI International by 6.2% in the first quarter. State Street Corp now owns 580,799 shares of the information technology services provider’s stock valued at $68,127,000 after buying an additional 33,745 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of CACI International by 9.0% in the first quarter. Geode Capital Management LLC now owns 191,284 shares of the information technology services provider’s stock valued at $22,437,000 after buying an additional 15,724 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in shares of CACI International during the first quarter valued at approximately $491,000. Institutional investors and hedge funds own 91.06% of the company’s stock.
About CACI International
CACI International Inc is a simulation technology company. The Company provides information solutions and services. The Company operates through two segments: domestic operations and international operations. It serves clients in the United States federal government and commercial markets, primarily throughout North America and internationally on behalf of the United States customers, as well as in the United Kingdom and the Netherlands.
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