Short Interest in CACI International Inc (NYSE:CACI) Rises By 53.1%

CACI International Inc (NYSE:CACI) saw a significant increase in short interest in 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. Currently, 1.6% of the company’s shares are short sold. Based on an average daily trading volume, of 161,600 shares, the days-to-cover ratio is currently 2.1 days.

Insider Buying and Selling

In other CACI International news, insider Gregory R. Bradford sold 10,000 shares of the company’s stock in a transaction that occurred 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 approximately $17,499,266.58. This represents a 21.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.35% of the stock is owned by insiders.

Hedge Funds Weigh In On CACI International

Large investors have recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. purchased a new position in CACI International during the 3rd quarter valued at $1,955,000. Comerica Bank grew its holdings in shares of CACI International by 13.4% in 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 last quarter. Lazard Asset Management LLC purchased a new position in CACI International in the 1st quarter worth about $653,000. Segall Bryant & Hamill LLC lifted 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 buying an additional 2,396 shares in the last quarter. Finally, Bridges Investment Management Inc. purchased a new stake in CACI International in the 2nd quarter valued at about $489,000. 86.43% of the stock is owned by hedge funds and other institutional investors.

CACI International Price Performance

Shares of NYSE:CACI traded down $0.41 during midday trading on Friday, reaching $459.88. 87,420 shares of the company were exchanged, compared to its average volume of 283,932. The stock has a market cap of $10.30 billion, a PE ratio of 22.79, a price-to-earnings-growth ratio of 1.42 and a beta of 0.91. The business’s fifty day moving average is $515.01 and its two-hundred day moving average is $471.40. CACI International has a one year low of $314.06 and a one year high of $588.26. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.48.

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

Analyst Ratings Changes

CACI has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price target on CACI International from $520.00 to $555.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Barclays upped their target price on shares of CACI International from $610.00 to $625.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Bank of America boosted their price objective on shares of CACI International from $535.00 to $555.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th. TD Cowen upped their price objective on CACI International from $545.00 to $570.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Truist Financial reduced their target price on CACI International from $650.00 to $550.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $535.90.

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.