Noble Financial Upgrades CACI International, Inc. (CACI) to “Buy”
CACI International, Inc. (NYSE:CACI) was upgraded by stock analysts at Noble Financial from a “hold” rating to a “buy” rating in a report issued on Friday, The Fly reports.
A number of other research firms have also recently commented on CACI. Wells Fargo & Company upgraded CACI International from a “market perform” rating to an “outperform” rating and set a $158.00 target price on the stock in a research report on Wednesday, October 25th. Zacks Investment Research cut CACI International from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Jefferies Group LLC restated a “buy” rating and issued a $154.00 price target on shares of CACI International in a research report on Tuesday, October 24th. Seaport Global Securities restated a “buy” rating and issued a $152.00 price target (up previously from $140.00) on shares of CACI International in a research report on Monday, October 9th. Finally, ValuEngine cut CACI International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $146.60.
CACI International (NYSE:CACI) last posted its earnings results on Wednesday, November 1st. The information technology services provider reported $1.67 EPS for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.15. CACI International had a return on equity of 9.70% and a net margin of 3.87%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the firm earned $1.47 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year.
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In other CACI International news, Director Warren R. Phillips sold 400 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $125.30, for a total transaction of $50,120.00. Following the transaction, the director now owns 5,344 shares in the company, valued at approximately $669,603.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Thomas A. Mutryn sold 6,165 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $131.28, for a total value of $809,341.20. Following the transaction, the chief financial officer now owns 37,555 shares in the company, valued at approximately $4,930,220.40. The disclosure for this sale can be found here. Insiders have sold a total of 7,806 shares of company stock worth $1,016,596 in the last quarter. 1.44% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp increased its position in CACI International by 3.6% during the 2nd quarter. State Street Corp now owns 601,924 shares of the information technology services provider’s stock worth $75,282,000 after purchasing an additional 21,125 shares during the period. Bank of New York Mellon Corp increased its position in CACI International by 0.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 483,033 shares of the information technology services provider’s stock worth $60,403,000 after purchasing an additional 2,805 shares during the period. Ameriprise Financial Inc. increased its position in CACI International by 0.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 345,420 shares of the information technology services provider’s stock worth $43,194,000 after purchasing an additional 1,989 shares during the period. Prudential PLC boosted its stake in shares of CACI International by 33.7% during the 2nd quarter. Prudential PLC now owns 213,500 shares of the information technology services provider’s stock worth $26,698,000 after acquiring an additional 53,800 shares in the last quarter. Finally, Teachers Advisors LLC boosted its stake in shares of CACI International by 3.9% during the 2nd quarter. Teachers Advisors LLC now owns 203,527 shares of the information technology services provider’s stock worth $25,451,000 after acquiring an additional 7,628 shares in the last quarter. Institutional investors own 87.22% of the company’s stock.
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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