CACI International Inc (NYSE:CACI) Short Interest Up 28.4% in February

CACI International Inc (NYSE:CACI) was the target of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 1,020,000 shares, an increase of 28.4% from the January 31st total of 794,600 shares. Based on an average daily volume of 368,700 shares, the short-interest ratio is currently 2.8 days. Approximately 4.6% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CACI. Cantor Fitzgerald raised CACI International to a “strong-buy” rating in a research report on Tuesday, February 25th. Raymond James reaffirmed an “outperform” rating and set a $490.00 price target (up previously from $475.00) on shares of CACI International in a research report on Thursday, January 23rd. Truist Financial dropped their price target on CACI International from $650.00 to $550.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Jefferies Financial Group raised CACI International from a “hold” rating to a “buy” rating and set a $515.00 price target on the stock in a research report on Thursday, January 16th. Finally, The Goldman Sachs Group cut CACI International from a “neutral” rating to a “sell” rating and dropped their price target for the company from $540.00 to $373.00 in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, CACI International has a consensus rating of “Moderate Buy” and an average price target of $521.92.

CACI International Stock Performance

Shares of NYSE:CACI traded up $23.34 during midday trading on Tuesday, reaching $352.88. 1,464,491 shares of the company traded hands, compared to its average volume of 191,535. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.80. CACI International has a 12 month low of $318.60 and a 12 month high of $588.26. The firm has a market capitalization of $7.91 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 1.01 and a beta of 0.87. The firm’s fifty day moving average price is $389.93 and its two-hundred day moving average price is $453.80.

CACI International (NYSE:CACI) last announced its earnings results on Wednesday, January 22nd. The information technology services provider reported $5.95 earnings per share for the quarter, topping analysts’ consensus estimates of $5.28 by $0.67. CACI International had a return on equity of 15.30% and a net margin of 5.90%. On average, equities analysts expect that CACI International will post 23.94 earnings per share for the current year.

Hedge Funds Weigh In On CACI International

Institutional investors have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. increased its stake in CACI International by 40.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 63 shares of the information technology services provider’s stock worth $32,000 after acquiring an additional 18 shares during the last quarter. UMB Bank n.a. increased its stake in CACI International by 37.2% in the 4th quarter. UMB Bank n.a. now owns 107 shares of the information technology services provider’s stock worth $43,000 after acquiring an additional 29 shares during the last quarter. Coastline Trust Co bought a new position in CACI International in the 3rd quarter worth about $45,000. GAMMA Investing LLC increased its stake in CACI International by 69.4% in the 4th quarter. GAMMA Investing LLC now owns 122 shares of the information technology services provider’s stock worth $49,000 after acquiring an additional 50 shares during the last quarter. Finally, VSM Wealth Advisory LLC bought a new position in CACI International in the 4th quarter worth about $69,000. 86.43% of the stock is currently owned by institutional investors.

CACI International Company Profile

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.