CACI International (NYSE:CACI) Shares Down 6% – Here’s What Happened

CACI International Inc (NYSE:CACI) shares dropped 6% during trading on Friday . The stock traded as low as $320.07 and last traded at $321.21. Approximately 81,048 shares traded hands during trading, a decline of 82% from the average daily volume of 441,836 shares. The stock had previously closed at $341.68.

Analyst Upgrades and Downgrades

CACI has been the topic of several research analyst reports. Cantor Fitzgerald assumed coverage on CACI International in a report on Friday, February 7th. They set an “overweight” rating and a $535.00 price target on the stock. Jefferies Financial Group upgraded CACI International from a “hold” rating to a “buy” rating and set a $515.00 price target for the company in a research note on Thursday, January 16th. The Goldman Sachs Group lowered CACI International from a “neutral” rating to a “sell” rating and cut their price target for the stock from $540.00 to $373.00 in a research note on Thursday, December 12th. William Blair lowered CACI International from an “outperform” rating to a “market perform” rating in a research note on Friday. Finally, Raymond James reiterated an “outperform” rating and issued a $490.00 price target (up previously from $475.00) on shares of CACI International in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $526.23.

CACI International Stock Down 4.3 %

The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 15.33, a P/E/G ratio of 1.02 and a beta of 0.87. The business’s 50-day moving average is $401.71 and its 200-day moving average is $460.75. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.80.

CACI International (NYSE:CACI) last posted its earnings results on Wednesday, January 22nd. The information technology services provider reported $5.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.28 by $0.67. CACI International had a net margin of 5.90% and a return on equity of 15.30%. As a group, equities analysts predict that CACI International Inc will post 23.94 earnings per share for the current year.

Hedge Funds Weigh In On CACI International

Several institutional investors and hedge funds have recently modified their holdings of the business. First Horizon Advisors Inc. increased its stake in shares of CACI International by 40.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 63 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 18 shares in the last quarter. Rosenberg Matthew Hamilton increased its stake in shares of CACI International by 9.8% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 212 shares of the information technology services provider’s stock valued at $107,000 after purchasing an additional 19 shares in the last quarter. UMB Bank n.a. increased its stake in shares of CACI International by 37.2% in the 4th quarter. UMB Bank n.a. now owns 107 shares of the information technology services provider’s stock valued at $43,000 after purchasing an additional 29 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of CACI International by 69.4% in the 4th quarter. GAMMA Investing LLC now owns 122 shares of the information technology services provider’s stock valued at $49,000 after purchasing an additional 50 shares in the last quarter. Finally, AMJ Financial Wealth Management increased its stake in CACI International by 1.8% during the 4th quarter. AMJ Financial Wealth Management now owns 3,988 shares of the information technology services provider’s stock worth $1,611,000 after buying an additional 70 shares in the last quarter. Hedge funds and other 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.