CACI International (NYSE:CACI) Stock Price Down 4.1% - Here's What Happened

CACI International Inc (NYSE:CACI - Get Free Report)'s share price fell 4.1% during mid-day trading on Friday . The stock traded as low as $405.76 and last traded at $404.56. 168,193 shares traded hands during trading, a decline of 53% from the average session volume of 361,635 shares. The stock had previously closed at $421.64.

Wall Street Analysts Forecast Growth

CACI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of CACI International from $520.00 to $555.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group lowered CACI International from a "neutral" rating to a "sell" rating and reduced their price objective for the company from $540.00 to $373.00 in a research note on Thursday, December 12th. StockNews.com lowered shares of CACI International from a "buy" rating to a "hold" rating in a report on Saturday. Robert W. Baird reiterated an "outperform" rating and set a $640.00 price objective on shares of CACI International in a research note on Tuesday, December 17th. Finally, Barclays raised their target price on shares of CACI International from $610.00 to $625.00 and gave the company an "overweight" rating in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $525.50.

CACI International Trading Down 3.7 %

The business's 50 day moving average price is $433.55 and its two-hundred day moving average price is $471.35. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.75 and a current ratio of 1.75. The company has a market capitalization of $9.10 billion, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 1.41 and a beta of 0.87.

CACI International (NYSE:CACI - Get Free Report) last issued its earnings results 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 return on equity of 15.53% and a net margin of 5.90%. Equities analysts forecast that CACI International Inc will post 23.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CACI International

Large investors have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. increased its holdings in CACI International by 40.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 63 shares of the information technology services provider's stock valued at $32,000 after buying an additional 18 shares during the period. UMB Bank n.a. increased its stake in CACI International by 81.4% in the third quarter. UMB Bank n.a. now owns 78 shares of the information technology services provider's stock valued at $39,000 after acquiring an additional 35 shares during the period. Coastline Trust Co acquired a new position in CACI International in the third quarter worth about $45,000. GAMMA Investing LLC lifted 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 worth $49,000 after purchasing an additional 50 shares during the period. Finally, Rosenberg Matthew Hamilton boosted its holdings in CACI International by 9.8% during the third quarter. Rosenberg Matthew Hamilton now owns 212 shares of the information technology services provider's stock valued at $107,000 after purchasing an additional 19 shares in the last quarter. Institutional investors own 86.43% of the company's stock.

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.