William Blair Downgrades CACI International (NYSE:CACI) to Market Perform

CACI International (NYSE:CACI) was downgraded by stock analysts at William Blair from an “outperform” rating to a “market perform” rating in a research note issued on Friday,Finviz reports.

Other analysts have also recently issued research reports about the company. Barclays upped their price target on CACI International from $610.00 to $625.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Raymond James reissued an “outperform” rating and issued a $490.00 target price (up from $475.00) on shares of CACI International in a report on Thursday, January 23rd. Robert W. Baird reaffirmed an “outperform” rating and set a $640.00 price target on shares of CACI International in a report on Tuesday, December 17th. TD Cowen dropped their price target on shares of CACI International from $610.00 to $480.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Finally, Truist Financial decreased their price objective on shares of CACI International from $650.00 to $550.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $526.23.

CACI International Stock Performance

CACI opened at $341.67 on Friday. CACI International has a 12-month low of $330.24 and a 12-month high of $588.26. The company has a market cap of $7.66 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 1.02 and a beta of 0.87. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.80. The company’s 50 day moving average is $401.71 and its 200 day moving average is $460.75.

CACI International (NYSE:CACI) last issued its quarterly earnings results on Wednesday, January 22nd. The information technology services provider reported $5.95 earnings per share for the quarter, topping the consensus estimate of $5.28 by $0.67. CACI International had a net margin of 5.90% and a return on equity of 15.30%. On average, equities research analysts predict that CACI International will post 23.94 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC lifted its position in shares of CACI International by 13.4% in the third quarter. Nisa Investment Advisors LLC now owns 2,328 shares of the information technology services provider’s stock worth $1,175,000 after buying an additional 275 shares in the last quarter. Rosenberg Matthew Hamilton raised its holdings in shares of CACI International by 9.8% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 212 shares of the information technology services provider’s stock worth $107,000 after acquiring an additional 19 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of CACI International by 13.1% during the 3rd quarter. New York State Common Retirement Fund now owns 31,853 shares of the information technology services provider’s stock worth $16,072,000 after acquiring an additional 3,700 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of CACI International by 286.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,302 shares of the information technology services provider’s stock valued at $657,000 after acquiring an additional 965 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of CACI International by 42.5% in the third quarter. Van ECK Associates Corp now owns 116,231 shares of the information technology services provider’s stock valued at $60,917,000 after purchasing an additional 34,647 shares in the last quarter. Institutional investors own 86.43% of the company’s stock.

About CACI International

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.