The Goldman Sachs Group Downgrades CACI International (NYSE:CACI) to Sell

CACI International (NYSE:CACI) was downgraded by investment analysts at The Goldman Sachs Group from a “neutral” rating to a “sell” rating in a report issued on Thursday, MarketBeat reports. They presently have a $373.00 target price on the information technology services provider’s stock, down from their previous target price of $540.00. The Goldman Sachs Group’s price objective points to a potential downside of 8.98% from the stock’s current price.

Several other research firms have also recently commented on CACI. TD Cowen boosted their target price on CACI International from $545.00 to $570.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Company lowered their price target on shares of CACI International from $637.00 to $564.00 and set an “overweight” rating for the company in a report on Tuesday, November 26th. Barclays raised their price objective on shares of CACI International from $610.00 to $625.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Robert W. Baird boosted their target price on shares of CACI International from $533.00 to $640.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. raised their price target on CACI International from $520.00 to $555.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $524.45.

CACI International Stock Down 1.0 %

Shares of NYSE:CACI opened at $409.78 on Thursday. The firm has a market capitalization of $9.18 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 1.33 and a beta of 0.85. CACI International has a 1 year low of $314.06 and a 1 year high of $588.26. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.75 and a quick ratio of 1.75. The firm’s 50-day moving average is $502.96 and its two-hundred day moving average is $472.08.

CACI International (NYSE:CACI) last released its earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.08 by $0.85. CACI International had a net margin of 5.77% and a return on equity of 14.78%. The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same period in the prior year, the business earned $4.36 EPS. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. Analysts predict that CACI International will post 23.45 EPS for the current year.

Insider Activity

In other news, insider Gregory R. Bradford sold 10,000 shares of CACI International stock in a transaction on Monday, September 16th. The shares were sold at an average price of $492.41, for a total value of $4,924,100.00. Following the transaction, the insider now directly owns 35,538 shares of the company’s stock, valued at $17,499,266.58. The trade was a 21.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.35% of the company’s stock.

Institutional Trading of CACI International

A number of large investors have recently bought and sold shares of CACI. Geode Capital Management LLC raised its holdings in shares of CACI International by 5.0% in the third quarter. Geode Capital Management LLC now owns 482,274 shares of the information technology services provider’s stock valued at $243,386,000 after buying an additional 22,823 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in CACI International by 1.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 340,880 shares of the information technology services provider’s stock valued at $146,623,000 after acquiring an additional 5,610 shares during the last quarter. Van ECK Associates Corp lifted its position in CACI International by 42.5% during the 3rd quarter. Van ECK Associates Corp now owns 116,231 shares of the information technology services provider’s stock worth $60,917,000 after acquiring an additional 34,647 shares during the period. Segall Bryant & Hamill LLC grew its stake in shares of CACI International by 3.7% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 67,740 shares of the information technology services provider’s stock valued at $34,179,000 after purchasing an additional 2,396 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of CACI International by 37.1% in the third quarter. BNP Paribas Financial Markets now owns 58,953 shares of the information technology services provider’s stock valued at $29,745,000 after purchasing an additional 15,961 shares during the period. Institutional investors and hedge funds own 86.43% of the company’s stock.

CACI International Company Profile

CACI International Inc, through its subsidiaries, engages in the provision of expertise and technology to enterprise and mission customers in support of national security in the intelligence, defense, and federal civilian sectors. The company operates through two segments, Domestic Operations and International Operations.