CACI International Inc (NYSE:CACI) Short Interest Up 40.7% in March

CACI International Inc (NYSE:CACI) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 1,590,000 shares, a growth of 40.7% from the February 28th total of 1,130,000 shares. Based on an average trading volume of 490,200 shares, the short-interest ratio is presently 3.2 days. Currently, 7.2% of the company’s stock are sold short.

CACI International Price Performance

Shares of NYSE CACI traded down $5.95 during mid-day trading on Monday, reaching $367.42. The company had a trading volume of 398,870 shares, compared to its average volume of 230,301. The firm has a market cap of $8.24 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 1.01 and a beta of 0.88. The business’s 50-day simple moving average is $371.02 and its 200 day simple moving average is $440.34. CACI International has a one year low of $318.60 and a one year high of $588.26. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.52 and a current ratio of 1.52.

CACI International (NYSE:CACI) last announced its quarterly earnings data on Wednesday, January 22nd. The information technology services provider reported $5.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.28 by $0.67. CACI International had a net margin of 5.90% and a return on equity of 15.30%. On average, research analysts predict that CACI International will post 23.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CACI shares. StockNews.com downgraded shares of CACI International from a “buy” rating to a “hold” rating in a research note on Saturday, January 25th. Raymond James reiterated an “outperform” rating and issued a $490.00 price target (up previously from $475.00) on shares of CACI International in a research note on Thursday, January 23rd. UBS Group began coverage on shares of CACI International in a research report on Monday, December 2nd. They set a “buy” rating and a $557.00 price objective for the company. The Goldman Sachs Group lowered CACI International from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $540.00 to $373.00 in a research note on Thursday, December 12th. Finally, Robert W. Baird restated an “outperform” rating and issued a $640.00 price target on shares of CACI International in a research note on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, CACI International has an average rating of “Moderate Buy” and an average price target of $517.31.

Insider Activity

In other news, Director Debora A. Plunkett sold 309 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $363.62, for a total value of $112,358.58. Following the completion of the sale, the director now owns 2,315 shares of the company’s stock, valued at approximately $841,780.30. This represents a 11.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.35% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CACI International

Several institutional investors and hedge funds have recently added to or reduced their stakes in CACI. 111 Capital acquired a new position in CACI International during the 4th quarter worth approximately $479,000. Toronto Dominion Bank increased its holdings in CACI International by 261.5% in the 4th quarter. Toronto Dominion Bank now owns 1,316 shares of the information technology services provider’s stock worth $531,000 after purchasing an additional 952 shares in the last quarter. Studio Investment Management LLC boosted its stake in shares of CACI International by 22.4% during the fourth quarter. Studio Investment Management LLC now owns 1,670 shares of the information technology services provider’s stock valued at $675,000 after purchasing an additional 306 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of CACI International by 62.3% during the fourth quarter. Lazard Asset Management LLC now owns 14,214 shares of the information technology services provider’s stock worth $5,741,000 after purchasing an additional 5,458 shares during the last quarter. Finally, Ethic Inc. raised its holdings in CACI International by 110.5% in the 4th quarter. Ethic Inc. now owns 1,745 shares of the information technology services provider’s stock valued at $705,000 after buying an additional 916 shares during the last quarter. 86.43% of the stock is currently owned by institutional investors.

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.