CACI International Inc (NYSE:CACI) Sees Large Increase in Short Interest

CACI International Inc (NYSE:CACI) saw a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 493,600 shares, an increase of 43.8% from the November 15th total of 343,200 shares. Based on an average trading volume of 178,900 shares, the days-to-cover ratio is currently 2.8 days. Approximately 2.2% of the shares of the company are sold short.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Robert W. Baird boosted their price target on CACI International from $533.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Bank of America boosted their target price on shares of CACI International from $535.00 to $555.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. Wells Fargo & Company reduced their price target on shares of CACI International from $637.00 to $564.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 26th. Truist Financial decreased their price objective on shares of CACI International from $650.00 to $550.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Finally, The Goldman Sachs Group cut CACI International from a “neutral” rating to a “sell” rating and cut their target price for the stock from $540.00 to $373.00 in a research note on Thursday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $524.45.

CACI International Trading Down 1.0 %

NYSE CACI opened at $409.91 on Friday. The company has a market cap of $9.19 billion, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 1.33 and a beta of 0.85. CACI International has a twelve month low of $314.06 and a twelve month high of $588.26. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.48. The business’s fifty day moving average is $502.96 and its 200 day moving average is $472.43.

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

Insider Activity

In other CACI International news, insider Gregory R. Bradford sold 10,000 shares of CACI International stock in a transaction on Monday, September 16th. The stock was sold at an average price of $492.41, for a total value of $4,924,100.00. Following the completion of the transaction, the insider now directly owns 35,538 shares of the company’s stock, valued at $17,499,266.58. The trade was a 21.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.35% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CACI International

Several institutional investors and hedge funds have recently added to or reduced their stakes in CACI. First Horizon Advisors Inc. increased its stake in shares of CACI International by 40.0% in the third 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 position in CACI International by 81.4% during the 3rd quarter. UMB Bank n.a. now owns 78 shares of the information technology services provider’s stock valued at $39,000 after purchasing an additional 35 shares during the period. Coastline Trust Co bought a new position in CACI International during the 3rd quarter worth approximately $45,000. Rosenberg Matthew Hamilton lifted its position in shares of CACI International by 9.8% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 212 shares of the information technology services provider’s stock worth $107,000 after purchasing an additional 19 shares during the period. Finally, TD Private Client Wealth LLC boosted its stake in shares of CACI International by 49.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 252 shares of the information technology services provider’s stock valued at $127,000 after purchasing an additional 83 shares during the last quarter. 86.43% of the stock is currently owned by institutional investors and hedge funds.

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.