CACI International (NYSE:CACI) Trading Down 6% – Here’s Why

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

Wall Street Analyst Weigh In

Several brokerages recently commented on CACI. Truist Financial dropped 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. Jefferies Financial Group raised CACI International from a “hold” rating to a “buy” rating and set a $515.00 price objective on the stock in a research note on Thursday, January 16th. UBS Group began coverage on CACI International in a research note on Monday, December 2nd. They set a “buy” rating and a $557.00 price objective on the stock. Wells Fargo & Company raised their price objective on CACI International from $503.00 to $536.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $640.00 price objective on shares of CACI International in a research note on Tuesday, December 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, CACI International has an average rating of “Moderate Buy” and a consensus price target of $526.23.

CACI International Price Performance

The company has a 50 day simple moving average of $400.05 and a 200-day simple moving average of $460.03. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of 15.32, a P/E/G ratio of 1.01 and a beta of 0.87. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.80.

CACI International (NYSE:CACI) last released 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 return on equity of 15.30% and a net margin of 5.90%. Research analysts expect that CACI International Inc will post 23.94 EPS for the current year.

Institutional Trading of CACI International

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