Caci International (NYSE:CACI) Lowered to Neutral at Citigroup

Citigroup lowered shares of Caci International (NYSE:CACI) from a buy rating to a neutral rating in a report released on Tuesday, BenzingaRatingsTable reports. The firm currently has $230.00 price objective on the information technology services provider’s stock, up from their previous price objective of $200.00.

Several other equities research analysts also recently issued reports on CACI. Vertical Research upgraded Caci International from a buy rating to a top pick rating in a research report on Wednesday, March 13th. Zacks Investment Research upgraded Garrett Motion from a sell rating to a hold rating in a research report on Friday, May 10th. Cowen restated a hold rating on shares of PTC Therapeutics in a research report on Thursday, May 2nd. Wells Fargo & Co restated an outperform rating on shares of Applied Materials in a research report on Thursday, June 20th. Finally, ValuEngine upgraded Zumiez from a sell rating to a hold rating in a research report 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 given a strong buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $211.71.

Caci International stock opened at $213.43 on Tuesday. The stock has a market capitalization of $5.31 billion, a P/E ratio of 27.22, a price-to-earnings-growth ratio of 1.74 and a beta of 1.33. The firm has a 50 day moving average price of $206.28. Caci International has a 12 month low of $138.39 and a 12 month high of $215.29. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.73.

Caci International (NYSE:CACI) last posted its earnings results on Wednesday, May 1st. The information technology services provider reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.39. The firm 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 business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.56 earnings per share. Equities analysts anticipate that Caci International will post 10.61 earnings per share for the current year.

In other news, Director Warren R. Phillips sold 250 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $203.58, for a total value of $50,895.00. Following the transaction, the director now owns 5,829 shares of the company’s stock, valued at $1,186,667.82. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Debora A. Plunkett sold 183 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $206.23, for a total transaction of $37,740.09. Following the completion of the transaction, the director now directly owns 232 shares in the company, valued at approximately $47,845.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,204 shares of company stock worth $1,631,040. Insiders own 1.51% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in CACI. Bank of New York Mellon Corp lifted its holdings in shares of Caci International by 5.6% during the 4th quarter. Bank of New York Mellon Corp now owns 574,384 shares of the information technology services provider’s stock valued at $82,728,000 after buying an additional 30,363 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Caci International by 3.6% during the 4th quarter. Bessemer Group Inc. now owns 5,750 shares of the information technology services provider’s stock valued at $828,000 after buying an additional 200 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Caci International by 118.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,500 shares of the information technology services provider’s stock valued at $1,368,000 after buying an additional 5,150 shares during the last quarter. United Services Automobile Association lifted its holdings in shares of Caci International by 8.8% during the 4th quarter. United Services Automobile Association now owns 23,332 shares of the information technology services provider’s stock valued at $3,361,000 after buying an additional 1,884 shares during the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of Caci International by 2.2% during the 4th quarter. California State Teachers Retirement System now owns 39,334 shares of the information technology services provider’s stock valued at $5,665,000 after buying an additional 865 shares during the last quarter. 89.23% 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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Analyst Recommendations for Caci International (NYSE:CACI)

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