CACI International Inc (NYSE:CACI) Sees Significant Increase in Short Interest

CACI International Inc (NYSE:CACI) was the target of a significant growth in short interest in November. As of November 30th, there was short interest totalling 493,600 shares, a growth of 43.8% from the November 15th total of 343,200 shares. Based on an average daily trading volume, of 178,900 shares, the days-to-cover ratio is currently 2.8 days. Currently, 2.2% of the company’s shares are sold short.

Insider Activity

In related 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 value of $4,924,100.00. Following the transaction, the insider now owns 35,538 shares of the company’s stock, valued at $17,499,266.58. This represents a 21.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.35% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Geode Capital Management LLC grew its position in CACI International by 5.0% in the third quarter. Geode Capital Management LLC now owns 482,274 shares of the information technology services provider’s stock valued at $243,386,000 after acquiring an additional 22,823 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in CACI International by 1.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 340,880 shares of the information technology services provider’s stock valued at $146,623,000 after purchasing an additional 5,610 shares during the last quarter. Van ECK Associates Corp increased its position in shares of CACI International by 42.5% in the 3rd quarter. Van ECK Associates Corp now owns 116,231 shares of the information technology services provider’s stock valued at $60,917,000 after buying an additional 34,647 shares in the last quarter. Segall Bryant & Hamill LLC raised its holdings in shares of CACI International by 3.7% during the third quarter. Segall Bryant & Hamill LLC now owns 67,740 shares of the information technology services provider’s stock worth $34,179,000 after acquiring an additional 2,396 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in shares of CACI International by 37.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 58,953 shares of the information technology services provider’s stock worth $29,745,000 after acquiring an additional 15,961 shares in the last quarter. 86.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CACI has been the topic of several recent research reports. Barclays boosted their price objective on shares of CACI International from $610.00 to $625.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. lifted their target price on shares of CACI International from $520.00 to $555.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. TD Cowen upped their target price on shares of CACI International from $545.00 to $570.00 and gave the company a “buy” rating in a report on Friday, October 25th. Robert W. Baird raised their target price on shares of CACI International from $533.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Bank of America increased their price target on CACI International from $535.00 to $555.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $524.45.

CACI International Stock Performance

Shares of CACI opened at $414.00 on Friday. The stock has a market cap of $9.28 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 1.33 and a beta of 0.85. The company has a 50-day moving average of $505.01 and a two-hundred day moving average of $472.22. 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 has a one year low of $314.06 and a one year high of $588.26.

CACI International (NYSE:CACI) last posted its earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share (EPS) 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 analysts’ expectations of $1.92 billion. CACI International had a net margin of 5.77% and a return on equity of 14.78%. The company’s revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the company earned $4.36 earnings per share. On average, equities research analysts expect that CACI International will post 23.45 earnings per share 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.