CACI International Inc (NYSE:CACI) Short Interest Update

CACI International Inc (NYSE:CACI) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 169,700 shares, a growth of 9.9% from the August 31st total of 154,400 shares. Based on an average daily volume of 99,100 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.8% of the company’s shares are short sold.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Bank of America raised their price objective on shares of CACI International from $535.00 to $555.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Raymond James cut CACI International from an “outperform” rating to a “market perform” rating in a report on Monday, August 5th. Truist Financial increased their target price on CACI International from $500.00 to $520.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Wells Fargo & Company increased their target price on CACI International from $525.00 to $577.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, TD Cowen increased their target price on CACI International from $435.00 to $480.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $475.90.

CACI International Stock Performance

Shares of NYSE CACI traded up $0.67 during mid-day trading on Tuesday, reaching $505.23. 124,839 shares of the company’s stock were exchanged, compared to its average volume of 111,408. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market capitalization of $11.26 billion, a price-to-earnings ratio of 29.19, a price-to-earnings-growth ratio of 2.11 and a beta of 0.93. CACI International has a 52 week low of $302.21 and a 52 week high of $506.86. The firm has a 50-day moving average price of $472.70 and a two-hundred day moving average price of $432.25.

CACI International (NYSE:CACI) last posted its earnings results on Wednesday, August 7th. The information technology services provider reported $6.61 earnings per share for the quarter, beating analysts’ consensus estimates of $5.93 by $0.68. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.93 billion. CACI International had a return on equity of 14.31% and a net margin of 5.48%. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.30 EPS. Analysts predict that CACI International will post 23.07 EPS for the current year.

Insider Buying and Selling at CACI International

In other CACI International news, insider Gregory R. Bradford sold 10,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $492.41, for a total transaction of $4,924,100.00. Following the completion of the sale, the insider now owns 35,538 shares of the company’s stock, valued at approximately $17,499,266.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP J William Koegel, Jr. sold 970 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $483.27, for a total transaction of $468,771.90. Following the completion of the sale, the executive vice president now owns 22,651 shares of the company’s stock, valued at approximately $10,946,548.77. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gregory R. Bradford sold 10,000 shares of the firm’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 sale, the insider now directly owns 35,538 shares of the company’s stock, valued at approximately $17,499,266.58. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,270 shares of company stock valued at $10,165,972. 1.23% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CACI. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of CACI International by 1.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 340,880 shares of the information technology services provider’s stock worth $146,623,000 after purchasing an additional 5,610 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in shares of CACI International by 21.4% during the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 82,741 shares of the information technology services provider’s stock worth $31,345,000 after purchasing an additional 14,602 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of CACI International by 70.0% during the second quarter. Van ECK Associates Corp now owns 81,584 shares of the information technology services provider’s stock worth $35,092,000 after purchasing an additional 33,589 shares in the last quarter. Ophir Asset Management Pty Ltd grew its holdings in shares of CACI International by 12.9% during the fourth quarter. Ophir Asset Management Pty Ltd now owns 66,359 shares of the information technology services provider’s stock worth $21,491,000 after purchasing an additional 7,596 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of CACI International by 26.7% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 48,923 shares of the information technology services provider’s stock worth $21,043,000 after purchasing an additional 10,295 shares in the last quarter. Hedge funds and other institutional investors own 86.43% of the company’s stock.

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.