Zacks Investment Research cut shares of CACI International, Inc. (NYSE:CACI) from a hold rating to a sell rating in a research note issued to investors on Friday.

According to Zacks, “Macroeconomic challenges, foreign currency volatility and regulatory pressure remain potential headwinds for CACI International. Federal government contracts are also subject to extensive legal and regulatory hurdles and subject to change from time to time. Deviations from the terms laid out by the government may further result in huge penalties or termination. Moreover, CACI International 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 year to date. However, 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. The company beat first-quarter fiscal 2018 earnings on higher revenues.”

CACI has been the topic of several other research reports. BidaskClub raised shares of CACI International from a sell rating to a hold rating in a research report on Wednesday, September 20th. Noble Financial cut shares of CACI International from a buy rating to a hold rating in a research report on Tuesday, October 3rd. Cowen and Company restated a buy rating and issued a $152.00 price objective on shares of CACI International in a report on Thursday, October 12th. FBR & Co restated a neutral rating and issued a $123.00 price objective on shares of CACI International in a report on Sunday, August 20th. Finally, Jefferies Group LLC restated a buy rating and issued a $154.00 price objective on shares of CACI International in a report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $146.60.

Shares of CACI International (NYSE:CACI) traded down $12.15 during mid-day trading on Friday, hitting $130.00. 191,085 shares of the stock traded hands, compared to its average volume of 103,586. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.67 and a current ratio of 1.53. The stock has a market cap of $3,186.17, a price-to-earnings ratio of 19.32, a PEG ratio of 1.90 and a beta of 1.61.

CACI International (NYSE:CACI) last announced its quarterly earnings results on Wednesday, November 1st. The information technology services provider reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.15. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. CACI International had a net margin of 3.87% and a return on equity of 9.57%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.47 EPS. sell-side analysts expect that CACI International will post 6.86 earnings per share for the current fiscal year.

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In related news, Director Charles P. Revoile sold 750 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $127.28, for a total transaction of $95,460.00. Following the sale, the director now directly owns 31,583 shares in the company, valued at $4,019,884.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Thomas A. Mutryn sold 6,165 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $131.28, for a total transaction of $809,341.20. Following the sale, the chief financial officer now owns 37,555 shares in the company, valued at $4,930,220.40. The disclosure for this sale can be found here. Insiders have sold 7,806 shares of company stock worth $1,016,596 over the last 90 days. Insiders own 1.44% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in CACI. UBS Asset Management Americas Inc. boosted its holdings in CACI International by 8.2% in the first quarter. UBS Asset Management Americas Inc. now owns 15,328 shares of the information technology services provider’s stock valued at $1,798,000 after purchasing an additional 1,161 shares in the last quarter. SG Americas Securities LLC boosted its holdings in CACI International by 5.9% in the first quarter. SG Americas Securities LLC now owns 1,658 shares of the information technology services provider’s stock valued at $194,000 after purchasing an additional 93 shares in the last quarter. Teachers Advisors LLC boosted its holdings in CACI International by 0.9% in the first quarter. Teachers Advisors LLC now owns 195,899 shares of the information technology services provider’s stock valued at $22,979,000 after purchasing an additional 1,749 shares in the last quarter. Geode Capital Management LLC boosted its holdings in CACI International by 9.0% in the first quarter. Geode Capital Management LLC now owns 191,284 shares of the information technology services provider’s stock valued at $22,437,000 after purchasing an additional 15,724 shares in the last quarter. Finally, State Street Corp boosted its holdings in CACI International by 6.2% in the first quarter. State Street Corp now owns 580,799 shares of the information technology services provider’s stock valued at $68,127,000 after purchasing an additional 33,745 shares in the last quarter. 87.22% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for CACI International (NYSE:CACI)

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