CACI International (NYSE:CACI) Shares Down 4.7% – Here’s Why

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

Analysts Set New Price Targets

A number of research firms recently commented on CACI. TD Cowen lowered 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. William Blair cut CACI International from an “outperform” rating to a “market perform” rating in a research note on Friday, February 21st. The Goldman Sachs Group downgraded shares of CACI International from a “neutral” rating to a “sell” rating and decreased their target price for the company from $540.00 to $373.00 in a research note on Thursday, December 12th. Truist Financial lowered their price target on CACI International from $650.00 to $550.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. Finally, Robert W. Baird restated an “outperform” rating and issued a $640.00 price objective on shares of CACI International in a 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 given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $521.92.

CACI International Stock 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 business’s 50-day moving average price is $382.41 and its 200-day moving average price is $446.34. The stock has a market cap of $8.26 billion, a P/E ratio of 17.27, a P/E/G ratio of 1.01 and a beta of 0.88.

CACI International (NYSE:CACI) last announced its quarterly earnings data on Wednesday, January 22nd. The information technology services provider reported $5.95 EPS for the quarter, beating the consensus estimate 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, sell-side analysts expect that CACI International Inc will post 23.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CACI International news, Director Debora A. Plunkett sold 309 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $363.62, for a total value of $112,358.58. Following the sale, the director now owns 2,315 shares in the company, valued at $841,780.30. The trade was a 11.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.35% of the stock is owned by insiders.

Institutional Investors Weigh In On CACI International

Several large investors have recently made changes to their positions in CACI. First Horizon Advisors Inc. raised its holdings in shares of 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 acquiring an additional 18 shares in the last quarter. UMB Bank n.a. raised its stake in CACI International by 37.2% during the fourth 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 raised its stake in CACI International by 69.4% during the fourth 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. VSM Wealth Advisory LLC bought a new position in CACI International during the fourth quarter valued at $69,000. Finally, Jones Financial Companies Lllp grew its stake in shares of CACI International by 452.8% in the 4th quarter. Jones Financial Companies Lllp now owns 199 shares of the information technology services provider’s stock worth $80,000 after buying an additional 163 shares in the last quarter. 86.43% of the stock is owned by institutional investors.

CACI International Company Profile

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.