Short Interest in CACI International Inc (NYSE:CACI) Grows By 9.4%

CACI International Inc (NYSE:CACI) saw a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 255,300 shares, a growth of 9.4% from the May 15th total of 233,300 shares. Currently, 1.2% of the company’s shares are short sold. Based on an average trading volume of 111,100 shares, the days-to-cover ratio is presently 2.3 days.

Insider Activity at CACI International

In other CACI International news, CFO Jeffrey D. Maclauchlan sold 1,900 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $427.50, for a total value of $812,250.00. Following the completion of the sale, the chief financial officer now owns 519 shares in the company, valued at approximately $221,872.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Gregory G. Johnson sold 200 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $428.19, for a total value of $85,638.00. Following the completion of the transaction, the director now owns 6,078 shares in the company, valued at approximately $2,602,538.82. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Jeffrey D. Maclauchlan sold 1,900 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $427.50, for a total value of $812,250.00. Following the completion of the transaction, the chief financial officer now owns 519 shares of the company’s stock, valued at approximately $221,872.50. The disclosure for this sale can be found here. Insiders sold 4,100 shares of company stock worth $1,755,028 in the last ninety days. 1.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On CACI International

Institutional investors and hedge funds have recently modified their holdings of the company. Eagle Bay Advisors LLC lifted its position in CACI International by 91.3% during the fourth quarter. Eagle Bay Advisors LLC now owns 132 shares of the information technology services provider’s stock valued at $43,000 after purchasing an additional 63 shares in the last quarter. Anchor Investment Management LLC purchased a new position in CACI International during the fourth quarter valued at $152,000. Covestor Ltd lifted its position in CACI International by 9.1% during the third quarter. Covestor Ltd now owns 540 shares of the information technology services provider’s stock valued at $170,000 after purchasing an additional 45 shares in the last quarter. HTLF Bank purchased a new position in CACI International during the first quarter valued at $229,000. Finally, Confluence Wealth Services Inc. purchased a new position in CACI International during the first quarter valued at $237,000. 86.43% of the stock is currently owned by hedge funds and other institutional investors.

CACI International Stock Up 0.4 %

CACI International stock opened at $432.17 on Wednesday. The firm has a market cap of $9.64 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 2.01 and a beta of 0.90. The stock has a fifty day simple moving average of $409.04 and a two-hundred day simple moving average of $370.07. CACI International has a 12 month low of $302.21 and a 12 month high of $432.54. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.48.

CACI International (NYSE:CACI) last released its quarterly earnings results on Wednesday, April 24th. The information technology services provider reported $5.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.55 by $0.19. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.86 billion. CACI International had a return on equity of 13.80% and a net margin of 5.37%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the business posted $4.92 EPS. Equities analysts predict that CACI International will post 20.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Stifel Nicolaus raised their target price on CACI International from $390.00 to $430.00 and gave the company a “buy” rating in a research note on Tuesday, April 23rd. The Goldman Sachs Group raised their target price on CACI International from $379.00 to $425.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. TD Cowen raised their price objective on CACI International from $400.00 to $435.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Truist Financial raised their price objective on CACI International from $385.00 to $410.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Finally, Barclays raised their price objective on CACI International from $400.00 to $450.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $415.45.

CACI International Company Profile

CACI International Inc, together with its subsidiaries, provides expertise and technology to enterprise and mission customers in support of national security missions and government modernization/transformation in the intelligence, defense, and federal civilian sectors. It operates through two segments: Domestic Operations and International Operations.