Caci International Inc (NYSE:CACI) – Investment analysts at Seaport Global Securities increased their FY2019 earnings per share (EPS) estimates for Caci International in a research note issued on Thursday, May 2nd, according to Zacks Investment Research. Seaport Global Securities analyst J. Sullivan now expects that the information technology services provider will post earnings of $10.66 per share for the year, up from their previous forecast of $10.29. Seaport Global Securities has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Caci International’s Q4 2019 earnings at $2.17 EPS and Q4 2020 earnings at $3.23 EPS.
Other analysts have also recently issued research reports about the stock. Goldman Sachs Group started coverage on shares of Caci International in a research report on Thursday, May 9th. They issued a “buy” rating and a $260.00 price objective for the company. Wells Fargo & Co restated a “buy” rating on shares of Caci International in a research report on Friday, March 1st. ValuEngine upgraded shares of Caci International from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Cowen restated a “buy” rating and issued a $190.00 price objective on shares of Caci International in a research report on Sunday, February 3rd. Finally, Zacks Investment Research upgraded shares of Caci International from a “hold” rating to a “buy” rating and set a $177.00 price objective for the company in a research report on Wednesday, January 30th. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $202.31.
Caci International (NYSE:CACI) last released its quarterly earnings data on Wednesday, May 1st. The information technology services provider reported $2.69 EPS for the quarter, beating the Zacks’ consensus estimate of $2.30 by $0.39. Caci International had a net margin of 5.59% and a return on equity of 11.80%. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the prior year, the company earned $2.56 EPS. The firm’s quarterly revenue was up 12.5% on a year-over-year basis.
Several institutional investors have recently bought and sold shares of CACI. One Wealth Advisors LLC acquired a new position in shares of Caci International during the 1st quarter worth about $25,000. Private Capital Group LLC lifted its stake in Caci International by 72.3% in the 4th quarter. Private Capital Group LLC now owns 305 shares of the information technology services provider’s stock valued at $44,000 after purchasing an additional 128 shares during the last quarter. Marshall Wace LLP acquired a new stake in Caci International in the 1st quarter valued at about $93,000. Flagship Harbor Advisors LLC lifted its stake in Caci International by 1,312.8% in the 1st quarter. Flagship Harbor Advisors LLC now owns 551 shares of the information technology services provider’s stock valued at $100,000 after purchasing an additional 512 shares during the last quarter. Finally, Ffcm LLC lifted its stake in Caci International by 284.0% in the 4th quarter. Ffcm LLC now owns 1,106 shares of the information technology services provider’s stock valued at $159,000 after purchasing an additional 818 shares during the last quarter. Institutional investors own 90.42% of the company’s stock.
In other news, Director Warren R. Phillips sold 397 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $200.35, for a total transaction of $79,538.95. Following the completion of the transaction, the director now directly owns 5,871 shares in the company, valued at approximately $1,176,254.85. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director James Gilmore III sold 207 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $203.18, for a total transaction of $42,058.26. Following the transaction, the director now owns 13,818 shares of the company’s stock, valued at $2,807,541.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,540 shares of company stock valued at $1,269,896. Corporate insiders own 1.51% of the company’s stock.
Caci International Company Profile
CACI International Inc, together with its subsidiaries, provides information solutions and services in North America and internationally. The company offers business systems solutions in the areas of financial, human capital, asset and materials, and administrative management; develops, integrates, and operates command and control solutions; and develops and integrates solutions that deliver multi-level unified communications from the enterprise directly to and from the tactical edge.
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