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

CACI International Inc (NYSE:CACI) was the target of a large 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 trading volume, of 161,600 shares, the short-interest ratio is currently 2.1 days. Currently, 1.6% of the shares of the company are sold short.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. TD Cowen increased their price target on shares of CACI International from $545.00 to $570.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. The Goldman Sachs Group lifted their price target on CACI International from $471.00 to $520.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Wells Fargo & Company lowered their price target on CACI International from $637.00 to $564.00 and set an “overweight” rating for the company in a report on Tuesday, November 26th. Bank of America raised their price objective on CACI International from $535.00 to $555.00 and gave the company a “buy” rating in a research note on Tuesday, September 17th. Finally, Robert W. Baird increased their target price on shares of CACI International from $533.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, CACI International presently has a consensus rating of “Moderate Buy” and a consensus price target of $535.90.

CACI International Trading Down 0.1 %

CACI traded down $0.41 during trading on Friday, reaching $459.88. 87,420 shares of the stock traded hands, compared to its average volume of 283,932. The stock has a market capitalization of $10.30 billion, a PE ratio of 22.79, a P/E/G ratio of 1.42 and a beta of 0.91. 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 stock’s 50-day moving average is $515.01 and its 200 day moving average is $471.40. CACI International has a 12 month low of $314.06 and a 12 month high of $588.26.

CACI International (NYSE:CACI) last released its quarterly earnings data on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share for the quarter, beating the consensus estimate of $5.08 by $0.85. The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.92 billion. CACI International had a net margin of 5.77% and a return on equity of 14.78%. CACI International’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.36 EPS. Equities analysts anticipate that CACI International will post 23.45 earnings per share for the current year.

Insider Activity at CACI International

In other CACI International news, insider Gregory R. Bradford sold 10,000 shares of the 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 transaction, the insider now owns 35,538 shares in the company, valued at $17,499,266.58. This trade represents a 21.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.35% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CACI. First Horizon Advisors Inc. raised its stake in shares of CACI International by 40.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 63 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 18 shares during the period. Rosenberg Matthew Hamilton boosted its stake in CACI International by 9.8% in the third quarter. Rosenberg Matthew Hamilton now owns 212 shares of the information technology services provider’s stock valued at $107,000 after acquiring an additional 19 shares during the last quarter. UMB Bank n.a. grew its position in shares of 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 acquiring an additional 35 shares during the period. Captrust Financial Advisors increased its stake in shares of CACI International by 10.2% during the 3rd quarter. Captrust Financial Advisors now owns 823 shares of the information technology services provider’s stock worth $415,000 after purchasing an additional 76 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its holdings 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 worth $127,000 after purchasing an additional 83 shares during the period. Hedge funds and other institutional investors own 86.43% of the company’s stock.

About CACI International

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.