CACI International Inc (CACI) Awarded $56.3 Million Contract with U.S. Army – Stock Doesn’t Respond


Shares of CACI International Inc (NYSE:CACI) remains relatively unchanged after it has been announced that the company has reached a 5-year, $56.3 million deal with the U.S. Army. The company will be responsible for providing software development, systems engineering and sustainment services for the Army Program Executive Office for Command, Control, Communications – Tactical Project Director Network Enablers. Interestingly enough, shares of CACI International Inc (NYSE:CACI) remain steady heading into the opening of the market this morning.

Ken Asbury, CACI’s President and Chief Executive Officer, said, “The support we will be providing for the Army under this contract is a great example of the important work CACI does in helping to provide an ever-more secure environment for our customers. Communications security is vital to America’s military men and women as they work to keep our country safe.”

The stock closed at $93.2 during the last trading session. It is up 4.45% since May 19, 2015 and is uptrending. It has outperformed the S&P500 by 6.71%.

From a total of 7 analysts covering Caci International Inc (NYSE:CACI) stock, 2 rate it a “Buy”, 0 a “Sell”, and 5 a “Hold”. This means that 29% of the ratings are positive. The highest target price is $119 while the lowest target price is $91. The mean of all analyst targets is $103.71 which is 11.28% above today’s ($93.2) stock price. Caci International Inc was the topic of 14 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. BB&T Capital downgraded shares on December 9 to a “Hold” rating. Noble Financial upgraded shares to a”Buy” rating and a $97 target share price in their report from an August 14. Maxim Group maintained CACI stock in a recent report from December 8 with a “Buy” rating. BB&T Capital initiated the rating on July 28. BB&T Capital has a “Buy” rating and a $98 price target on shares. Finally, RBC Capital Markets maintained the stock with a “Sector Perform” rating in a report they issued on an October 30.

The institutional sentiment decreased to 1.07 in Q2 2015. It’s down 0.14, from 1.21 in 2015Q2. The ratio is negative, as 24 funds sold all their CACI International Inc shares they owned while 65 reduced their positions. 17 funds bought stakes while 78 increased their total positions. Institutions now own 31.01 million shares which is 40.54% more than the previous share count of 22.07 million in 2015Q2.

Irving Magee Investment Management holds 2% of its total portfolio in CACI International Inc, equating to 51,811 shares. Grandfield & Dodd Llc owns 142,335 shares representing 1.77% of their total US portfolio. Moreover, Netols Asset Management Inc. has 1.61% of their total portfolio invested in the company, equating to 96,338 shares. The Virginia-based Rdl Financial Inc has a total of 1.56% of their portfolio invested in the stock. Fiduciary Management Associates Llc, a Illinois-based fund reported 265,548 shares owned.

Since March 11, 2015, the stock had 0 insider purchases, and 1 sale for a total of $11,408 in net activity. Wallace William S sold 135 shares worth $11,408. Phillips Warren R sold 450 shares worth $38,743.

CACI International Inc is a simulation technology company. The company has a market cap of $2.26 billion. The Firm serves clients in the United States federal government and commercial markets throughout North America and internationally on behalf of United States customers, as well as in the United Kingdom and the Netherlands. It has 17.75 P/E ratio. It operates two units: domestic activities and international operations.