CACI International Inc (NYSE:CACI) Short Interest Up 43.8% in November

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. Approximately 2.2% of the shares of the company are short sold. Based on an average daily volume of 178,900 shares, the days-to-cover ratio is currently 2.8 days.

CACI International Stock Down 1.0 %

Shares of CACI International stock opened at $409.91 on Friday. The firm has a market cap of $9.19 billion, a PE ratio of 20.31, a P/E/G ratio of 1.33 and a beta of 0.85. CACI International has a 52-week low of $314.06 and a 52-week high of $588.26. The business’s 50 day simple moving average is $502.96 and its 200 day simple moving average is $472.43. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.75 and a current 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 (EPS) for the quarter, topping the consensus estimate of $5.08 by $0.85. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.92 billion. CACI International had a return on equity of 14.78% and a net margin of 5.77%. CACI International’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.36 earnings per share. On average, analysts predict that CACI International will post 23.45 earnings per share for the current fiscal year.

Insider Activity at CACI International

In related news, insider Gregory R. Bradford sold 10,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $492.41, for a total value of $4,924,100.00. Following the completion of 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 document filed with the SEC, which is available at this hyperlink. 1.35% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CACI International

Hedge funds have recently bought and sold shares of the company. Wedge Capital Management L L P NC lifted its holdings in CACI International by 6.4% during the 2nd quarter. Wedge Capital Management L L P NC now owns 6,866 shares of the information technology services provider’s stock valued at $2,953,000 after purchasing an additional 410 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new stake in shares of CACI International during the 2nd quarter worth about $318,000. Van ECK Associates Corp grew its stake in CACI International by 70.0% in the 2nd quarter. Van ECK Associates Corp now owns 81,584 shares of the information technology services provider’s stock valued at $35,092,000 after buying an additional 33,589 shares during the last quarter. Wedbush Securities Inc. grew its stake in CACI International by 38.3% in the 2nd quarter. Wedbush Securities Inc. now owns 932 shares of the information technology services provider’s stock valued at $401,000 after buying an additional 258 shares during the last quarter. Finally, Kendall Capital Management raised its holdings in CACI International by 8.9% in the 2nd quarter. Kendall Capital Management now owns 1,219 shares of the information technology services provider’s stock valued at $524,000 after acquiring an additional 100 shares during the period. 86.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Barclays lifted their price target on CACI International from $610.00 to $625.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Truist Financial lowered their price target on shares of CACI International from $650.00 to $550.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Robert W. Baird upped their price objective on CACI International from $533.00 to $640.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Wells Fargo & Company decreased their price objective on CACI International from $637.00 to $564.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. boosted their target price on CACI International from $520.00 to $555.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, CACI International currently has a consensus rating of “Moderate Buy” and an average price target of $524.45.

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.