CACI International (CACI) Upgraded to “Buy” by Zacks Investment Research
CACI International (NYSE:CACI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday. The brokerage currently has a $160.00 price objective on the information technology services provider’s stock. Zacks Investment Research‘s price target indicates a potential upside of 12.68% from the company’s previous close.
According to Zacks, “CACI International reported solid second-quarter fiscal 2018 results with healthy year-over-year increase in both earnings and revenues on the back of diligent execution of operational plans. 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. The company has outperformed the industry in the last three months. However, macroeconomic challenges, foreign currency volatility and regulatory pressure remain potential headwinds for CACI International.”
A number of other equities analysts also recently weighed in on CACI. ValuEngine downgraded shares of CACI International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Credit Suisse Group downgraded shares of CACI International from an “outperform” rating to a “neutral” rating in a research note on Friday, January 12th. Noble Financial raised shares of CACI International from a “hold” rating to a “buy” rating in a research note on Friday, November 3rd. SunTrust Banks reissued a “hold” rating and set a $134.00 target price on shares of CACI International in a research note on Friday, October 20th. Finally, BidaskClub downgraded shares of CACI International from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. CACI International has a consensus rating of “Buy” and a consensus price target of $152.55.
CACI International (NYSE:CACI) last released its quarterly earnings results on Wednesday, January 31st. The information technology services provider reported $2.00 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.29 by ($0.29). The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. CACI International had a net margin of 6.13% and a return on equity of 9.64%. CACI International’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.69 EPS. sell-side analysts expect that CACI International will post 7.25 earnings per share for the current year.
In other news, CFO Thomas A. Mutryn sold 4,743 shares of CACI International stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $150.00, for a total transaction of $711,450.00. Following the completion of the transaction, the chief financial officer now directly owns 37,555 shares in the company, valued at $5,633,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director J Phillip London sold 11,161 shares of CACI International stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $145.00, for a total transaction of $1,618,345.00. Following the transaction, the director now owns 75,000 shares of the company’s stock, valued at $10,875,000. The disclosure for this sale can be found here. Insiders have sold 15,995 shares of company stock valued at $2,341,084 over the last quarter. Corporate insiders own 1.44% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of CACI. Ferguson Wellman Capital Management Inc. acquired a new position in shares of CACI International during the fourth quarter valued at about $10,834,000. Phocas Financial Corp. grew its holdings in shares of CACI International by 39.2% during the second quarter. Phocas Financial Corp. now owns 83,331 shares of the information technology services provider’s stock valued at $10,421,000 after buying an additional 23,456 shares during the last quarter. State Street Corp grew its holdings in shares of CACI International by 3.6% during the second quarter. State Street Corp now owns 601,924 shares of the information technology services provider’s stock valued at $75,282,000 after buying an additional 21,125 shares during the last quarter. James Investment Research Inc. grew its holdings in shares of CACI International by 1,072.7% during the fourth quarter. James Investment Research Inc. now owns 12,900 shares of the information technology services provider’s stock valued at $1,707,000 after buying an additional 11,800 shares during the last quarter. Finally, First Quadrant L P CA grew its holdings in shares of CACI International by 46.4% during the fourth quarter. First Quadrant L P CA now owns 19,930 shares of the information technology services provider’s stock valued at $2,638,000 after buying an additional 6,321 shares during the last quarter. Hedge funds and other institutional investors own 88.34% 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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