StockNews.com Upgrades CACI International (NYSE:CACI) to “Buy”

StockNews.com upgraded shares of CACI International (NYSE:CACIGet Rating) from a hold rating to a buy rating in a research note published on Tuesday.

CACI has been the subject of a number of other research reports. Wells Fargo & Company raised their price objective on shares of CACI International from $310.00 to $329.00 and gave the company an overweight rating in a research report on Thursday, March 24th. Stifel Nicolaus assumed coverage on shares of CACI International in a research report on Thursday, March 17th. They set a hold rating for the company. The Goldman Sachs Group downgraded shares of CACI International from a buy rating to a neutral rating and lifted their price target for the company from $304.00 to $336.00 in a research report on Wednesday, April 13th. Morgan Stanley lifted their price target on shares of CACI International from $286.00 to $311.00 and gave the company an equal weight rating in a research report on Friday, March 18th. Finally, Barclays lifted their price target on shares of CACI International from $300.00 to $340.00 and gave the company an overweight rating in a research report on Monday, April 25th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $321.00.

Shares of NYSE:CACI opened at $264.45 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.62. The company has a market cap of $6.19 billion, a P/E ratio of 15.28, a PEG ratio of 3.65 and a beta of 0.97. CACI International has a 52 week low of $238.29 and a 52 week high of $313.52. The company has a 50-day moving average price of $273.76 and a 200 day moving average price of $275.69.

CACI International (NYSE:CACIGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The information technology services provider reported $4.64 EPS for the quarter, missing analysts’ consensus estimates of $4.79 by ($0.15). The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.65 billion. CACI International had a net margin of 6.71% and a return on equity of 16.52%. CACI International’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.28 EPS. Analysts expect that CACI International will post 17.8 EPS for the current year.

In related news, CFO Thomas A. Mutryn sold 3,089 shares of CACI International stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $260.00, for a total transaction of $803,140.00. Following the completion of the transaction, the chief financial officer now directly owns 33,761 shares in the company, valued at approximately $8,777,860. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.56% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Rosenberg Matthew Hamilton raised its position in shares of CACI International by 29.7% during the 1st quarter. Rosenberg Matthew Hamilton now owns 166 shares of the information technology services provider’s stock worth $50,000 after purchasing an additional 38 shares during the last quarter. D.B. Root & Company LLC grew its stake in CACI International by 1.7% in the 1st quarter. D.B. Root & Company LLC now owns 3,492 shares of the information technology services provider’s stock worth $1,051,000 after acquiring an additional 58 shares during the period. Mutual of America Capital Management LLC grew its stake in CACI International by 0.4% in the 4th quarter. Mutual of America Capital Management LLC now owns 20,868 shares of the information technology services provider’s stock worth $5,618,000 after acquiring an additional 82 shares during the period. Brown Brothers Harriman & Co. grew its stake in CACI International by 47.7% in the 1st quarter. Brown Brothers Harriman & Co. now owns 288 shares of the information technology services provider’s stock worth $87,000 after acquiring an additional 93 shares during the period. Finally, Counterpoint Mutual Funds LLC purchased a new stake in CACI International in the 4th quarter worth approximately $26,000. Hedge funds and other institutional investors own 86.78% of the company’s stock.

About CACI International (Get Rating)

CACI International Inc, together with its subsidiaries, provides expertise and technology to enterprise and mission customers in support of national security missions and government modernization/transformation in the intelligence, defense, and federal civilian sectors. It operates in two segments, Domestic Operations and International Operations.

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