CACI International (NYSE:CACI) Stock Price Down 6% - Here's What Happened

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Robert W. Baird restated an "outperform" rating and issued a $640.00 target price on shares of CACI International in a research note on Tuesday, December 17th. Wells Fargo & Company raised their price objective on CACI International from $503.00 to $536.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. UBS Group initiated coverage on shares of CACI International in a research report on Monday, December 2nd. They issued a "buy" rating and a $557.00 target price on the stock. The Goldman Sachs Group lowered shares of CACI International from a "neutral" rating to a "sell" rating and decreased their price target for the stock from $540.00 to $373.00 in a research note on Thursday, December 12th. Finally, Barclays boosted their price objective on shares of CACI International from $610.00 to $625.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, CACI International presently has a consensus rating of "Moderate Buy" and a consensus price target of $526.23.

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CACI International Trading Up 1.5 %

The firm has a market cap of $7.44 billion, a P/E ratio of 15.57, a price-to-earnings-growth ratio of 1.01 and a beta of 0.87. 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 has a fifty day simple moving average of $398.25 and a 200 day simple moving average of $459.18.

CACI International (NYSE:CACI - Get Free Report) last released its quarterly earnings data 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, research analysts expect that CACI International Inc will post 23.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CACI International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its holdings in shares of CACI International by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 490,941 shares of the information technology services provider's stock valued at $198,417,000 after buying an additional 8,667 shares during the period. Bank of New York Mellon Corp increased its position in CACI International by 1.2% during the fourth quarter. Bank of New York Mellon Corp now owns 429,256 shares of the information technology services provider's stock valued at $173,445,000 after acquiring an additional 5,248 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in CACI International by 4.9% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 173,410 shares of the information technology services provider's stock valued at $70,068,000 after acquiring an additional 8,175 shares during the period. Van ECK Associates Corp lifted its holdings 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 acquiring an additional 40,867 shares during the period. Finally, Sterling Capital Management LLC boosted its position 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 worth $30,187,000 after purchasing an additional 53,724 shares during the last quarter. 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.