Caci International (NYSE:CACI) Downgraded by ValuEngine to Sell

ValuEngine lowered shares of Caci International (NYSE:CACI) from a hold rating to a sell rating in a report published on Thursday morning, ValuEngine reports.

CACI has been the topic of several other research reports. Goldman Sachs Group reiterated a buy rating and set a $258.00 target price on shares of Caci International in a research report on Wednesday, September 18th. Cowen reissued a buy rating and issued a $243.00 price target on shares of Caci International in a report on Wednesday, November 6th. Morgan Stanley lifted their price target on Caci International from $224.00 to $235.00 and gave the company an equal weight rating in a research note on Thursday, October 10th. Credit Suisse Group reaffirmed a buy rating and set a $269.00 price objective on shares of Caci International in a report on Thursday, September 19th. Finally, Barclays initiated coverage on Caci International in a research report on Friday, September 20th. They issued an overweight rating and a $260.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Caci International currently has an average rating of Buy and an average price target of $240.64.

Caci International stock traded up $0.70 during trading hours on Thursday, reaching $237.06. 145,921 shares of the stock were exchanged, compared to its average volume of 200,777. The stock has a market cap of $5.93 billion, a P/E ratio of 22.66, a P/E/G ratio of 1.96 and a beta of 1.28. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.35 and a current ratio of 1.35. Caci International has a 52-week low of $138.39 and a 52-week high of $242.89. The firm’s 50 day moving average is $228.74 and its 200 day moving average is $217.62.

Caci International (NYSE:CACI) last issued its earnings results on Wednesday, October 30th. The information technology services provider reported $2.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.63 by $0.03. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.34 billion. Caci International had a net margin of 4.91% and a return on equity of 10.86%. The business’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.10 earnings per share. Equities research analysts expect that Caci International will post 12.21 EPS for the current fiscal year.

In other news, Director James L. Pavitt sold 500 shares of Caci International stock in a transaction on Monday, September 16th. The stock was sold at an average price of $217.27, for a total transaction of $108,635.00. Following the completion of the transaction, the director now owns 6,224 shares of the company’s stock, valued at approximately $1,352,288.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Thomas A. Mutryn sold 4,410 shares of Caci International stock in a transaction on Monday, November 11th. The stock was sold at an average price of $227.50, for a total value of $1,003,275.00. Following the transaction, the chief financial officer now directly owns 41,845 shares of the company’s stock, valued at approximately $9,519,737.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,417 shares of company stock valued at $1,224,712. Insiders own 1.38% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of CACI. Steward Partners Investment Advisory LLC grew its position in shares of Caci International by 5.8% in the third quarter. Steward Partners Investment Advisory LLC now owns 1,065 shares of the information technology services provider’s stock valued at $246,000 after purchasing an additional 58 shares during the last quarter. Advisor Partners LLC lifted its stake in Caci International by 4.9% in the 2nd quarter. Advisor Partners LLC now owns 1,281 shares of the information technology services provider’s stock valued at $262,000 after buying an additional 60 shares in the last quarter. Miles Capital Inc. grew its holdings in Caci International by 3.6% during the 2nd quarter. Miles Capital Inc. now owns 1,770 shares of the information technology services provider’s stock valued at $362,000 after buying an additional 61 shares during the last quarter. Flagship Harbor Advisors LLC grew its holdings in Caci International by 14.5% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 949 shares of the information technology services provider’s stock valued at $219,000 after buying an additional 120 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in Caci International by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 18,051 shares of the information technology services provider’s stock valued at $3,693,000 after buying an additional 198 shares during the last quarter. 86.83% of the stock is currently owned by hedge funds and other institutional investors.

Caci International Company Profile

CACI International Inc, together with its subsidiaries, provides information solutions and services in North America and internationally. The company offers business systems solutions in the areas of financial, human capital, asset and materials, and administrative management; develops, integrates, and operates command and control solutions; and develops and integrates solutions that deliver multi-level unified communications from the enterprise directly to and from the tactical edge.

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