William Blair Downgrades CACI International (NYSE:CACI) to Market Perform

William Blair downgraded shares of CACI International (NYSE:CACI) from an outperform rating to a market perform rating in a research report released on Friday morning, MarketBeat Ratings reports.

Several other analysts have also weighed in on the company. StockNews.com lowered CACI International from a “buy” rating to a “hold” rating in a report on Saturday, January 25th. Wells Fargo & Company lifted their price objective on CACI International from $503.00 to $536.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Robert W. Baird reiterated an “outperform” rating and issued a $640.00 price target on shares of CACI International in a research report on Tuesday, December 17th. Truist Financial cut their price objective on CACI International from $650.00 to $550.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Finally, Barclays increased their target price on shares of CACI International from $610.00 to $625.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $526.23.

CACI International Stock Performance

CACI International stock opened at $326.55 on Friday. CACI International has a fifty-two week low of $318.60 and a fifty-two week high of $588.26. The company has a market cap of $7.32 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 1.02 and a beta of 0.87. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.52 and a quick ratio of 1.52. The firm’s 50 day simple moving average is $400.05 and its 200-day simple moving average is $459.94.

CACI International (NYSE:CACI) last issued its quarterly earnings data on Wednesday, January 22nd. The information technology services provider reported $5.95 earnings per share (EPS) for the quarter, topping 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 research analysts predict that CACI International will post 23.94 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp increased its stake in CACI International by 35.2% in the fourth 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 in the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new position in CACI International during the third quarter worth about $1,955,000. Running Oak Capital LLC grew its stake in CACI International by 8.9% in the fourth quarter. Running Oak Capital LLC now owns 31,139 shares of the information technology services provider’s stock valued at $12,582,000 after acquiring an additional 2,533 shares during the period. RNC Capital Management LLC bought a new stake in shares of CACI International in the fourth quarter worth about $315,000. Finally, Geode Capital Management LLC raised its position in shares of CACI International by 5.0% during the third 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 period. 86.43% of the stock is currently owned by institutional investors.

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.