CACI International (NYSE:CACI) Shares Gap Down – Here’s Why

CACI International Inc (NYSE:CACI)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $465.11, but opened at $443.55. CACI International shares last traded at $424.27, with a volume of 168,295 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CACI shares. JPMorgan Chase & Co. lifted their price objective on CACI International from $520.00 to $555.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. StockNews.com cut shares of CACI International from a “buy” rating to a “hold” rating in a research report on Saturday. Robert W. Baird restated an “outperform” rating and set a $640.00 price objective on shares of CACI International in a research report on Tuesday, December 17th. Raymond James reiterated an “outperform” rating and issued a $490.00 target price (up from $475.00) on shares of CACI International in a report on Thursday. Finally, TD Cowen cut their price target on shares of CACI International from $610.00 to $480.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $525.50.

CACI International Trading Down 3.7 %

The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.48. The business has a 50-day simple moving average of $433.55 and a 200-day simple moving average of $471.03. The company has a market cap of $9.10 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 1.41 and a beta of 0.87.

CACI International (NYSE:CACI) last posted its quarterly earnings data on Wednesday, January 22nd. The information technology services provider reported $5.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.28 by $0.67. CACI International had a return on equity of 15.53% and a net margin of 5.90%. On average, analysts predict that CACI International Inc will post 23.92 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. First Horizon Advisors Inc. lifted its holdings in CACI International by 40.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 63 shares of the information technology services provider’s stock worth $32,000 after buying an additional 18 shares in the last quarter. UMB Bank n.a. increased its position in shares of CACI International by 81.4% during the third quarter. UMB Bank n.a. now owns 78 shares of the information technology services provider’s stock worth $39,000 after acquiring an additional 35 shares during the period. Coastline Trust Co purchased a new position in CACI International in the third quarter valued at $45,000. GAMMA Investing LLC grew its stake in CACI International by 69.4% during the 4th quarter. GAMMA Investing LLC now owns 122 shares of the information technology services provider’s stock worth $49,000 after purchasing an additional 50 shares in the last quarter. Finally, Rosenberg Matthew Hamilton increased its holdings in 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 purchasing an additional 19 shares during the period. 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.