Caci International (NYSE:CACI) Downgraded by Citigroup

Citigroup downgraded shares of Caci International (NYSE:CACI) from a buy rating to a neutral rating in a report released on Tuesday, BenzingaRatingsTable reports. They currently have $230.00 price target on the information technology services provider’s stock, up from their prior price target of $200.00.

Other research analysts also recently issued reports about the company. Vertical Research raised Caci International from a buy rating to a top pick rating in a research note on Wednesday, March 13th. Cowen reaffirmed a hold rating on shares of PTC Therapeutics in a research note on Thursday, May 2nd. Wells Fargo & Co reaffirmed an outperform rating on shares of Applied Materials in a research note on Thursday, June 20th. Credit Suisse Group raised Mosaic from a neutral rating to an outperform rating and dropped their price target for the stock from $30.00 to $28.00 in a research note on Tuesday, May 7th. Finally, ValuEngine raised Zumiez from a sell rating to a hold rating in a research note on Saturday, June 22nd. Nine equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $211.71.

Shares of NYSE:CACI opened at $209.10 on Tuesday. The firm has a market cap of $5.23 billion, a P/E ratio of 26.67, a price-to-earnings-growth ratio of 1.75 and a beta of 1.33. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.54 and a quick ratio of 1.54. The company has a 50-day simple moving average of $206.15. Caci International has a 1 year low of $138.39 and a 1 year high of $215.29.

Caci International (NYSE:CACI) last announced its quarterly earnings data on Wednesday, May 1st. The information technology services provider reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.39. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.24 billion. Caci International had a return on equity of 11.80% and a net margin of 5.59%. The firm’s revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.56 EPS. Research analysts predict that Caci International will post 10.61 EPS for the current fiscal year.

In other news, insider Gregory R. Bradford sold 5,000 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $195.00, for a total value of $975,000.00. Following the completion of the sale, the insider now directly owns 44,095 shares of the company’s stock, valued at $8,598,525. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Warren R. Phillips sold 250 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $203.58, for a total value of $50,895.00. Following the completion of the sale, the director now directly owns 5,829 shares of the company’s stock, valued at $1,186,667.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,204 shares of company stock worth $1,631,040. 1.51% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the company. Private Capital Group LLC raised its stake in shares of Caci International by 18.0% in the first quarter. Private Capital Group LLC now owns 360 shares of the information technology services provider’s stock worth $66,000 after purchasing an additional 55 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Caci International in the first quarter worth approximately $93,000. Flagship Harbor Advisors LLC raised its stake in shares of Caci International by 1,312.8% in the first quarter. Flagship Harbor Advisors LLC now owns 551 shares of the information technology services provider’s stock worth $100,000 after purchasing an additional 512 shares during the last quarter. Laurel Wealth Advisors Inc. purchased a new stake in shares of Caci International in the first quarter worth approximately $240,000. Finally, Piedmont Investment Advisors Inc. purchased a new stake in shares of Caci International in the first quarter worth approximately $257,000. 89.23% of the stock is 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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