CACI International Inc (NYSE:CACI) Short Interest Update

CACI International Inc (NYSE:CACI) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 343,200 shares, an increase of 53.1% from the October 31st total of 224,100 shares. Based on an average daily volume of 161,600 shares, the days-to-cover ratio is presently 2.1 days. Currently, 1.6% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

CACI has been the topic of several analyst reports. Raymond James cut CACI International from an “outperform” rating to a “market perform” rating in a research report on Monday, August 5th. The Goldman Sachs Group increased their target price on shares of CACI International from $471.00 to $520.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. raised their price target on shares of CACI International from $520.00 to $555.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Truist Financial decreased their price target on shares of CACI International from $650.00 to $550.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. Finally, Wells Fargo & Company lowered their price objective on CACI International from $637.00 to $564.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 26th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, CACI International presently has a consensus rating of “Moderate Buy” and an average price target of $535.90.

CACI International Price Performance

CACI stock traded down $0.41 during mid-day trading on Friday, hitting $459.88. 87,420 shares of the stock were exchanged, compared to its average volume of 283,932. The business has a fifty day moving average price of $515.01 and a 200 day moving average price of $471.40. CACI International has a 12 month low of $314.06 and a 12 month high of $588.26. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a market capitalization of $10.30 billion, a price-to-earnings ratio of 22.79, a PEG ratio of 1.42 and a beta of 0.91.

CACI International (NYSE:CACI) last announced its quarterly earnings data on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.08 by $0.85. CACI International had a net margin of 5.77% and a return on equity of 14.78%. The company had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the prior year, the company earned $4.36 EPS. The firm’s revenue was up 11.2% on a year-over-year basis. On average, sell-side analysts anticipate that CACI International will post 23.45 EPS for the current year.

Insider Buying and Selling at CACI International

In related news, insider Gregory R. Bradford sold 10,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $492.41, for a total transaction of $4,924,100.00. Following the sale, the insider now directly owns 35,538 shares in the company, valued at approximately $17,499,266.58. The trade was a 21.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.35% of the company’s stock.

Institutional Investors Weigh In On CACI International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sumitomo Mitsui Trust Group Inc. purchased a new stake in CACI International during the 3rd quarter valued at $1,955,000. Comerica Bank boosted its holdings in shares of CACI International by 13.4% during the first quarter. Comerica Bank now owns 11,609 shares of the information technology services provider’s stock worth $4,398,000 after purchasing an additional 1,372 shares during the period. Lazard Asset Management LLC bought a new stake in shares of CACI International in the first quarter worth about $653,000. Segall Bryant & Hamill LLC increased its holdings in CACI International by 3.7% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 67,740 shares of the information technology services provider’s stock valued at $34,179,000 after purchasing an additional 2,396 shares during the period. Finally, Bridges Investment Management Inc. bought a new position in CACI International during the 2nd quarter valued at approximately $489,000. 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.