CACI International, Inc. (NYSE:CACI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.
According to Zacks, “Macroeconomic challenges, foreign currency volatility and regulatory pressure remain potential headwinds for CACI International. Federal government contracts are also subject to extensive legal and regulatory hurdles and subject to change from time to time. Deviations from the terms laid out by the government may further result in huge penalties or termination. Moreover, CACI International has to continuously invest in value drivers that act as a hedge against competition. These increase its operating costs and reduce its profitability. The company has underperformed the industry year to date. However, CACI International intends to drive operational excellence by intensively focusing on its organic and inorganic growth strategy and strengthening its existing customer relationships while building newer ones. The company beat first-quarter fiscal 2018 earnings on higher revenues.”
A number of other brokerages have also issued reports on CACI. Cowen and Company reissued a “buy” rating and set a $145.00 price target on shares of CACI International in a research note on Monday, August 14th. Seaport Global Securities reissued a “buy” rating and set a $152.00 price target (up from $140.00) on shares of CACI International in a research note on Monday, October 9th. ValuEngine upgraded CACI International from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Jefferies Group LLC upgraded CACI International from a “hold” rating to a “buy” rating and set a $154.00 price objective on the stock in a report on Monday, July 17th. Finally, Wells Fargo & Company upgraded CACI International from a “market perform” rating to an “outperform” rating and set a $158.00 price objective on the stock in a report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $146.60.
CACI International (NYSE:CACI) last issued 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 Zacks’ consensus estimate of $1.52 by $0.15. CACI International had a return on equity of 9.57% and a net margin of 3.87%. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the company earned $1.47 EPS. CACI International’s quarterly revenue was up 1.2% compared to the same quarter last year.
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In related news, Director Warren R. Phillips sold 400 shares of the business’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $125.30, for a total transaction of $50,120.00. Following the transaction, the director now directly owns 5,344 shares in the company, valued at approximately $669,603.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Thomas A. Mutryn sold 6,165 shares of the business’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $131.28, for a total value of $809,341.20. Following the transaction, 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. Insiders sold a total of 7,806 shares of company stock worth $1,016,596 over the last quarter. Company insiders own 1.44% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Riverhead Capital Management LLC grew its stake in CACI International by 66.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,332 shares of the information technology services provider’s stock worth $167,000 after buying an additional 532 shares during the last quarter. SG Americas Securities LLC grew its stake in CACI International by 5.9% during the 1st quarter. SG Americas Securities LLC now owns 1,658 shares of the information technology services provider’s stock worth $194,000 after buying an additional 93 shares during the last quarter. Miles Capital Inc. purchased a new position in CACI International during the 2nd quarter worth $211,000. World Asset Management Inc grew its stake in CACI International by 0.3% during the 2nd quarter. World Asset Management Inc now owns 1,800 shares of the information technology services provider’s stock worth $225,000 after buying an additional 6 shares during the last quarter. Finally, Dubuque Bank & Trust Co. grew its stake in CACI International by 9.0% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 2,123 shares of the information technology services provider’s stock worth $265,000 after buying an additional 175 shares during the last quarter. Hedge funds and other institutional investors own 87.22% 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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