CACI International (CACI) Downgraded to Hold at Zacks Investment Research

CACI International (NYSE:CACI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to 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. Cyber attacks are creating increased awareness, leading to more demand for cyber solutions. CACI International also remains focused on its strategy to grow in larger markets and leverage mergers and acquisitions to further increase its market share. In addition, the company anticipates to significantly benefit from its cost-reduction program. However, macroeconomic challenges, foreign currency volatility and regulatory pressure remain potential headwinds for CACI International. In addition, the company has to continuously invest in value drivers that act as a hedge against competition. These increase its operating costs and reduce its profitability. The company has underperformed the industry in the last three months.”

Other analysts also recently issued research reports about the company. Loop Capital boosted their price objective on CACI International to $140.00 in a research note on Wednesday, January 3rd. BidaskClub raised CACI International from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. Noble Financial reissued a “buy” rating on shares of CACI International in a research note on Monday, November 13th. Jefferies Group reaffirmed a “buy” rating and set a $154.00 target price on shares of CACI International in a research report on Tuesday, October 24th. Finally, Seaport Global Securities reaffirmed a “buy” rating and set a $152.00 target price (up from $140.00) on shares of CACI International in a research report on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $148.55.

CACI International (NYSE:CACI) traded up $2.05 on Monday, hitting $139.50. The stock had a trading volume of 92,900 shares, compared to its average volume of 94,054. CACI International has a 12 month low of $112.10 and a 12 month high of $147.31. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.60. The company has a market cap of $3,434.64, a P/E ratio of 20.73, a PEG ratio of 1.95 and a beta of 1.57.

CACI International (NYSE:CACI) last posted its quarterly earnings data 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 9.57% and a net margin of 3.87%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the business earned $1.47 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. research analysts expect that CACI International will post 7.15 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in CACI. Riverhead Capital Management LLC raised its position 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 worth $167,000 after purchasing an additional 532 shares during the period. Miles Capital Inc. acquired a new stake in shares of CACI International during the second quarter worth $211,000. Ramsey Quantitative Systems purchased a new position in shares of CACI International during the second quarter valued at $326,000. Amalgamated Bank grew its holdings in shares of CACI International by 1.4% during the second quarter. Amalgamated Bank now owns 3,341 shares of the information technology services provider’s stock valued at $418,000 after buying an additional 47 shares in the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new position in shares of CACI International during the second quarter valued at $661,000. 88.38% of the stock is currently owned by institutional investors.

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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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