Zacks Investment Research cut shares of CACI International (NYSE:CACI) from a buy rating to a hold rating in a report published on Monday morning.

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.”

A number of other research analysts have also weighed in on CACI. B. Riley reissued a neutral rating on shares of CACI International in a report on Friday, November 3rd. Cowen restated a buy rating and issued a $152.00 price target on shares of CACI International in a research note on Thursday, October 12th. Loop Capital boosted their price target on CACI International to $140.00 in a research note on Wednesday, January 3rd. Stifel Nicolaus restated a buy rating and issued a $165.00 price target on shares of CACI International in a research note on Tuesday, January 9th. Finally, BidaskClub upgraded CACI International from a hold rating to a buy rating in a research note on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $148.55.

CACI International (CACI) traded down $0.80 during mid-day trading on Monday, hitting $138.70. The company had a trading volume of 80,200 shares, compared to its average volume of 93,064. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a market cap of $3,430.00, a price-to-earnings ratio of 20.64, a PEG ratio of 1.95 and a beta of 1.56. CACI International has a 1-year low of $112.10 and a 1-year high of $147.31.

CACI International (NYSE:CACI) last posted its earnings results on Wednesday, November 1st. The information technology services provider reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.15. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. CACI International had a return on equity of 9.57% and a net margin of 3.87%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.47 EPS. research analysts predict that CACI International will post 7.15 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in CACI. Riverhead Capital Management LLC lifted its position in shares of CACI International by 66.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,332 shares of the information technology services provider’s stock worth $167,000 after buying an additional 532 shares during the last quarter. Miles Capital Inc. bought a new stake in shares of CACI International during the 2nd quarter worth $211,000. Ramsey Quantitative Systems bought a new stake in shares of CACI International during the 2nd quarter worth $326,000. Amalgamated Bank lifted its position in shares of CACI International by 1.4% during the 2nd quarter. Amalgamated Bank now owns 3,341 shares of the information technology services provider’s stock worth $418,000 after buying an additional 47 shares during the last quarter. Finally, Piedmont Investment Advisors LLC acquired a new position in CACI International in the 2nd quarter worth about $661,000. Institutional investors and hedge funds own 88.38% of the company’s stock.

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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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