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 research note released on Saturday morning.

Several other brokerages also recently issued reports on CACI. UBS Group initiated coverage on CACI International in a research report on Monday, December 2nd. They set a “buy” rating and a $557.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on CACI International from $520.00 to $555.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Robert W. Baird reiterated an “outperform” rating and set a $640.00 price objective on shares of CACI International in a research report on Tuesday, December 17th. TD Cowen reduced their target price on shares of CACI International from $610.00 to $480.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, Jefferies Financial Group upgraded shares of CACI International from a “hold” rating to a “buy” rating and set a $515.00 price target for the company in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $525.50.

CACI International Stock Performance

Shares of CACI stock opened at $405.96 on Friday. The stock has a fifty day moving average price of $433.55 and a 200 day moving average price of $471.35. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.75 and a current ratio of 1.75. The stock has a market cap of $9.10 billion, a PE ratio of 19.04, a P/E/G ratio of 1.41 and a beta of 0.87. CACI International has a 1 year low of $326.60 and a 1 year high of $588.26.

CACI International (NYSE:CACI) last released its quarterly earnings results on Wednesday, January 22nd. The information technology services provider reported $5.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.28 by $0.67. CACI International had a return on equity of 15.53% and a net margin of 5.90%. Sell-side analysts forecast that CACI International will post 23.92 earnings per share for the current fiscal year.

Institutional Trading of CACI International

Institutional investors and hedge funds have recently made changes to their positions in the company. Marshall Wace LLP purchased a new stake in CACI International during the second quarter valued at about $1,997,000. Driehaus Capital Management LLC lifted its stake in shares of CACI International by 125.8% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,215 shares of the information technology services provider’s stock valued at $523,000 after purchasing an additional 677 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of CACI International by 81.4% in the 3rd quarter. UMB Bank n.a. now owns 78 shares of the information technology services provider’s stock valued at $39,000 after purchasing an additional 35 shares in the last quarter. Wedge Capital Management L L P NC grew its holdings in shares of CACI International by 4.0% during the 3rd quarter. Wedge Capital Management L L P NC now owns 7,141 shares of the information technology services provider’s stock worth $3,603,000 after purchasing an additional 275 shares during the period. Finally, Argent Capital Management LLC acquired a new stake in CACI International during the 3rd quarter worth approximately $208,000. 86.43% of the stock is currently owned by institutional investors and hedge funds.

CACI International Company Profile

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.