CACI International Inc (NYSE:CACI) Short Interest Up 53.1% in November

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

Analysts Set New Price Targets

Several research firms have recently weighed in on CACI. Raymond James cut CACI International from an “outperform” rating to a “market perform” rating in a report on Monday, August 5th. Bank of America lifted their price objective on CACI International from $535.00 to $555.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Wells Fargo & Company cut their price objective on CACI International from $637.00 to $564.00 and set an “overweight” rating on the stock in a report on Tuesday. Robert W. Baird lifted their price objective on CACI International from $533.00 to $640.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Barclays lifted their target price on CACI International from $610.00 to $625.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CACI International currently has an average rating of “Moderate Buy” and an average price target of $535.90.

Insider Activity at CACI International

In related news, insider Gregory R. Bradford sold 10,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $492.41, for a total value 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.35% of the stock is owned by company insiders.

Hedge Funds Weigh In On CACI International

Institutional investors and hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp lifted its stake in shares of CACI International by 42.5% in the third quarter. Van ECK Associates Corp now owns 116,231 shares of the information technology services provider’s stock worth $60,917,000 after acquiring an additional 34,647 shares during the period. Geode Capital Management LLC lifted its position in shares of CACI International by 5.0% in the 3rd quarter. Geode Capital Management LLC now owns 482,274 shares of the information technology services provider’s stock worth $243,386,000 after purchasing an additional 22,823 shares during the period. BNP Paribas Financial Markets increased its position in shares of CACI International by 37.1% during the third quarter. BNP Paribas Financial Markets now owns 58,953 shares of the information technology services provider’s stock worth $29,745,000 after buying an additional 15,961 shares during the period. M&R Capital Management Inc. increased its holdings in CACI International by 487.2% in the second quarter. M&R Capital Management Inc. now owns 16,930 shares of the information technology services provider’s stock worth $7,282,000 after purchasing an additional 14,047 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in CACI International by 26.7% in 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 during the period. Institutional investors and hedge funds own 86.43% of the company’s stock.

CACI International Stock Performance

CACI traded down $0.16 during trading on Friday, hitting $460.13. The stock had a trading volume of 87,419 shares, compared to its average volume of 128,137. The company has a 50 day moving average price of $515.63 and a 200-day moving average price of $470.83. The firm has a market cap of $10.31 billion, a price-to-earnings ratio of 22.81, a P/E/G ratio of 1.43 and a beta of 0.91. CACI International has a one year low of $314.06 and a one year high of $588.26. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.75 and a quick ratio of 1.75.

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

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.