Noble Financial Reaffirms “Buy” Rating for CACI International, Inc. (CACI)
CACI International, Inc. (NYSE:CACI)‘s stock had its “buy” rating reiterated by stock analysts at Noble Financial in a note issued to investors on Monday.
CACI has been the subject of several other reports. BidaskClub raised shares of CACI International from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Zacks Investment Research lowered shares of CACI International from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Cowen and Company reaffirmed a “buy” rating and issued a $152.00 price target on shares of CACI International in a report on Thursday, October 12th. FBR & Co reaffirmed a “neutral” rating and issued a $123.00 price target on shares of CACI International in a report on Sunday, August 20th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $154.00 price target on shares of CACI International in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $146.60.
CACI International (NYSE CACI) traded down $1.50 during trading on Monday, reaching $124.80. 172,300 shares of the company traded hands, compared to its average volume of 127,908. CACI International has a 12-month low of $112.10 and a 12-month high of $147.31. The stock has a market cap of $3,072.71, a P/E ratio of 18.54, a price-to-earnings-growth ratio of 1.81 and a beta of 1.61. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.53 and a quick ratio of 1.53.
CACI International (NYSE:CACI) last released its quarterly earnings results on Wednesday, November 1st. The information technology services provider reported $1.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.15. CACI International had a net margin of 3.87% and a return on equity of 9.57%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the firm posted $1.47 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. sell-side analysts predict that CACI International will post 6.9 earnings per share for the current year.
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In related news, Director Charles P. Revoile sold 750 shares of the business’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 value of $95,460.00. Following the sale, the director now directly owns 31,583 shares in the company, valued at approximately $4,019,884.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Thomas A. Mutryn sold 6,165 shares of the business’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 completion of 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. Over the last ninety days, insiders sold 7,806 shares of company stock valued at $1,016,596. Company insiders own 1.44% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CACI. State Street Corp raised its holdings in shares of CACI International by 6.2% in the 1st quarter. State Street Corp now owns 580,799 shares of the information technology services provider’s stock worth $68,127,000 after purchasing an additional 33,745 shares in the last quarter. Crow Point Partners LLC bought a new stake in shares of CACI International in the 2nd quarter worth approximately $743,000. Nisa Investment Advisors LLC raised its holdings in shares of CACI International by 0.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 8,830 shares of the information technology services provider’s stock worth $1,104,000 after purchasing an additional 50 shares in the last quarter. First Quadrant L P CA raised its holdings in shares of CACI International by 26.4% during the second quarter. First Quadrant L P CA now owns 13,782 shares of the information technology services provider’s stock valued at $1,723,000 after acquiring an additional 2,882 shares during the period. Finally, US Bancorp DE raised its holdings in shares of CACI International by 4.4% during the second quarter. US Bancorp DE now owns 10,866 shares of the information technology services provider’s stock valued at $1,359,000 after acquiring an additional 458 shares during the period. Institutional investors and hedge funds own 85.50% of the company’s stock.
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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