CACI International (NYSE:CACI) Trading Down 6% – Here’s Why

CACI International Inc (NYSE:CACI) shares were down 6% during mid-day trading on Friday . The company traded as low as $320.07 and last traded at $321.21. Approximately 81,048 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 441,836 shares. The stock had previously closed at $341.68.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CACI shares. Robert W. Baird reissued an “outperform” rating and issued a $640.00 target price on shares of CACI International in a report on Tuesday, December 17th. Truist Financial dropped their target price on CACI International from $650.00 to $550.00 and set a “buy” rating for the company in a report on Friday, November 22nd. 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 target on the stock. Barclays increased their price target on CACI International from $610.00 to $625.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Finally, Raymond James restated an “outperform” rating and set a $490.00 price target (up from $475.00) on shares of CACI International in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, CACI International has a consensus rating of “Moderate Buy” and a consensus target price of $526.23.

CACI International Price Performance

The stock has a market capitalization of $7.32 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 1.01 and a beta of 0.87. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.52 and a current ratio of 1.52. The stock has a 50-day simple moving average of $400.05 and a 200 day simple moving average of $460.03.

CACI International (NYSE:CACI) last announced its quarterly earnings data on Wednesday, January 22nd. The information technology services provider reported $5.95 EPS for the quarter, beating analysts’ consensus estimates of $5.28 by $0.67. CACI International had a return on equity of 15.30% and a net margin of 5.90%. On average, equities analysts forecast that CACI International Inc will post 23.94 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp boosted its position in shares of CACI International by 35.2% in the 4th quarter. Van ECK Associates Corp now owns 157,098 shares of the information technology services provider’s stock worth $63,477,000 after purchasing an additional 40,867 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of CACI International in the 3rd quarter worth $1,955,000. Running Oak Capital LLC boosted its position in shares of CACI International by 8.9% in the 4th quarter. Running Oak Capital LLC now owns 31,139 shares of the information technology services provider’s stock worth $12,582,000 after purchasing an additional 2,533 shares during the last quarter. RNC Capital Management LLC bought a new position in shares of CACI International in the 4th quarter worth $315,000. Finally, Geode Capital Management LLC boosted its position in shares of CACI International by 5.0% in the 3rd quarter. Geode Capital Management LLC now owns 482,274 shares of the information technology services provider’s stock worth $243,386,000 after purchasing an additional 22,823 shares during the last quarter. 86.43% of the stock is currently owned by institutional investors.

About CACI International

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.