CACI International (NYSE:CACI) Shares Down 4.7% – What’s Next?

CACI International Inc (NYSE:CACI)’s share price fell 4.7% during mid-day trading on Thursday . The company traded as low as $367.95 and last traded at $368.79. 144,484 shares traded hands during trading, a decline of 72% from the average session volume of 521,420 shares. The stock had previously closed at $386.89.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CACI shares. TD Cowen decreased their price target on shares of CACI International from $610.00 to $480.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. StockNews.com cut CACI International from a “buy” rating to a “hold” rating in a report on Saturday, January 25th. Truist Financial lowered their price objective on CACI International from $650.00 to $550.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Wells Fargo & Company reduced their price target on CACI International from $536.00 to $480.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Finally, 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. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, CACI International presently has an average rating of “Moderate Buy” and a consensus target price of $521.92.

CACI International Price Performance

The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.52 and a current ratio of 1.52. The stock’s 50-day moving average is $380.18 and its two-hundred day moving average is $444.97. The stock has a market cap of $8.21 billion, a PE ratio of 17.17, a PEG ratio of 1.01 and a beta of 0.88.

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

Insider Buying and Selling at CACI International

In related news, Director Debora A. Plunkett sold 309 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $363.62, for a total transaction of $112,358.58. Following the sale, the director now directly owns 2,315 shares in the company, valued at approximately $841,780.30. This represents a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.35% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CACI International

Several hedge funds and other institutional investors have recently bought and sold shares of CACI. Sterling Capital Management LLC boosted its stake in CACI International by 256.0% in the fourth quarter. Sterling Capital Management LLC now owns 74,708 shares of the information technology services provider’s stock valued at $30,187,000 after acquiring an additional 53,724 shares in the last quarter. Van ECK Associates Corp raised its position in CACI International by 35.2% in the 4th quarter. Van ECK Associates Corp now owns 157,098 shares of the information technology services provider’s stock valued at $63,477,000 after purchasing an additional 40,867 shares during the last quarter. Geode Capital Management LLC grew its position in CACI International by 5.0% during the 3rd quarter. Geode Capital Management LLC now owns 482,274 shares of the information technology services provider’s stock worth $243,386,000 after purchasing an additional 22,823 shares during the last quarter. River Road Asset Management LLC purchased a new stake in shares of CACI International in the fourth quarter valued at about $8,585,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of CACI International by 51.9% during the fourth quarter. Russell Investments Group Ltd. now owns 46,919 shares of the information technology services provider’s stock worth $18,936,000 after buying an additional 16,037 shares during the period. 86.43% of the stock is currently owned by institutional investors and hedge funds.

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.