Zacks Investment Research Downgrades CACI International, Inc. (CACI) to Hold
CACI International, Inc. (NYSE:CACI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.
According to Zacks, “CACI International intends to drive operational excellence by intensively focusing on its organic and inorganic growth strategy and strengthening its existing customer relationships while building newer ones. The company further anticipates to significantly benefit from its cost-reduction program and reiterated its earlier guidance for fiscal 2018 on healthy growth dynamics. The company has a large pipeline of new projects and continues to win more deals at regular intervals. However, macroeconomic challenges, foreign currency volatility and regulatory pressure remain potential headwinds. Federal government contracts are also subject to extensive legal and regulatory hurdles and subject to change from time to time. Deviations from the terms laid out by the government may further result in huge penalties or termination. The company has underperformed the industry year to date.”
Several other equities research analysts have also recently weighed in on CACI. Noble Financial reissued a “buy” rating on shares of CACI International in a research note on Friday, August 18th. Cowen and Company reissued a “buy” rating and set a $145.00 price objective on shares of CACI International in a research note on Monday, August 14th. ValuEngine raised CACI International from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Maxim Group reduced their price objective on CACI International from $161.00 to $159.00 and set a “buy” rating on the stock in a research note on Thursday, August 31st. Finally, BidaskClub raised CACI International from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. CACI International presently has an average rating of “Buy” and a consensus price target of $145.33.
Shares of CACI International (CACI) traded up 0.21% during trading on Monday, hitting $143.45. The stock had a trading volume of 10,735 shares. The company has a market cap of $3.51 billion, a PE ratio of 21.97 and a beta of 1.61. CACI International has a 12 month low of $96.05 and a 12 month high of $144.70. The stock has a 50 day moving average of $137.28 and a 200 day moving average of $127.20.
CACI International (NYSE:CACI) last posted its earnings results on Wednesday, August 16th. The information technology services provider reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.08. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.09 billion. CACI International had a return on equity of 9.52% and a net margin of 3.76%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.75 earnings per share. Equities analysts forecast that CACI International will post $6.78 EPS for the current fiscal year.
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In other news, Director Charles P. Revoile sold 750 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $127.28, for a total transaction of $95,460.00. Following the transaction, the director now owns 31,583 shares of the company’s stock, valued at $4,019,884.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Thomas A. Mutryn sold 6,165 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $131.28, for a total value of $809,341.20. Following the transaction, the chief financial officer now directly owns 37,555 shares in the company, valued at approximately $4,930,220.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,806 shares of company stock worth $1,016,596. Insiders own 1.44% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Riverhead Capital Management LLC grew its stake in shares of CACI International by 66.5% during the second quarter. Riverhead Capital Management LLC now owns 1,332 shares of the information technology services provider’s stock valued at $167,000 after buying an additional 532 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of CACI International by 5.9% during the first quarter. SG Americas Securities LLC now owns 1,658 shares of the information technology services provider’s stock valued at $194,000 after buying an additional 93 shares during the last quarter. Miles Capital Inc. bought a new position in shares of CACI International during the second quarter valued at approximately $211,000. World Asset Management Inc grew its stake in shares of CACI International by 0.3% during the second quarter. World Asset Management Inc now owns 1,800 shares of the information technology services provider’s stock valued at $225,000 after buying an additional 6 shares during the last quarter. Finally, Dubuque Bank & Trust Co. grew its stake in shares of CACI International by 9.0% during the second quarter. Dubuque Bank & Trust Co. now owns 2,123 shares of the information technology services provider’s stock valued at $265,000 after buying an additional 175 shares during the last quarter. 88.72% of the stock is currently owned by hedge funds and other institutional investors.
CACI International Company Profile
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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