CACI Set to Acquire Emergint - Analyst Blog
16 Novembre 2012 - 2:45PM
Zacks
A professional services and
information technology provider CACI International
Inc. (CACI) recently entered into a definitive agreement
to purchase Emergint Technologies, Inc. The acquisition, which is
expected to be completed by December 1, 2012, is likely to be
accretive to the company’s bottom line in the first twelve
months.
Emergint, based in Louisville,
Kentucky, is mainly engaged in the distribution of a range of
healthcare-focused IT-related solutions, which include health data
integration and analysis services, data analytics, management and
IT consulting, and data and records management solutions to fulfill
the requirement of its federal and state level clients. Emergint is
expected to earn revenue of $42 million in 2012.
The acquisition appears to be quite
a profitable one for CACI International as it will enhance the
company’s potential in the healthcare IT industry. Management
stated that with the support of Emergint’s data analytics services
and its strong associations with national health organizations, the
company is likely to solidify its foothold in the growing
healthcare IT arena. The acquisition of Emergint will pave new
growth opportunities for the company in the critical healthcare IT
market.
Previously, CACI International
acquired Delta Solutions and Technologies Inc. for expanding its
business system solutions and government transformation arenas. The
company believes the acquisition of Delta Solutions will be vital
in the long run as the federal government continually focuses on
achieving clean audit opinions while making better spending
decisions.
However, the company needs to be
wary of its formidable competitors who include big names such as,
CGI Group, Inc. (GIB) and ManTech
International Corporation (MANT). CGI Group’s operating
unit CGI Federal Inc. (CGI), recently entered into a partnership
agreement with Centers for Medicare & Medicaid Services (CMS).
Per the contract, CGI Group will be involved in recreating and
introducing the official U.S. Government website, namely,
Medicare.gov, under the Medicare program. Hence, the company should
not become complacent with its contract win spree.
The current Zacks Consensus
Estimates for CACI International Inc. are $1.64 and $6.60 per share
for the second quarter of fiscal 2013 and fiscal 2013 (ending June
30, 2013), respectively. The estimates represent a year-over-year
growth of 8.70% for the second quarter and 11.07% for fiscal 2013.
At present, we have a ‘Neutral’ recommendation on CACI
International Inc. The stock currently carries a Zacks #3 Rank,
which translates into a short-term ‘Hold’ rating.
CACI INTL A (CACI): Free Stock Analysis Report
CGI GRP INC -A (GIB): Free Stock Analysis Report
MANTECH INTL -A (MANT): Free Stock Analysis Report
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