Short Interest in CACI International Inc (NYSE:CACI) Rises By 40.7%

CACI International Inc (NYSE:CACI) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 1,590,000 shares, an increase of 40.7% from the February 28th total of 1,130,000 shares. Based on an average daily volume of 490,200 shares, the short-interest ratio is presently 3.2 days. Currently, 7.2% of the company’s shares are short sold.

CACI International Stock Up 0.8 %

NYSE:CACI traded up $2.86 during trading hours on Tuesday, reaching $369.78. 515,698 shares of the company traded hands, compared to its average volume of 232,031. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.80. The business’s 50-day moving average price is $369.11 and its two-hundred day moving average price is $439.59. CACI International has a 1 year low of $318.60 and a 1 year high of $588.26. The stock has a market capitalization of $8.29 billion, a P/E ratio of 17.34, a P/E/G ratio of 1.01 and a beta of 0.88.

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

Analysts Set New Price Targets

A number of research firms have issued reports on CACI. UBS Group started coverage on shares of CACI International in a research report on Monday, December 2nd. They issued a “buy” rating and a $557.00 price objective on the stock. Jefferies Financial Group reduced their price target on CACI International from $520.00 to $455.00 and set a “buy” rating on the stock in a report on Tuesday, March 25th. StockNews.com cut CACI International from a “buy” rating to a “hold” rating in a report on Saturday, January 25th. Wells Fargo & Company reduced their target price on CACI International from $536.00 to $480.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Finally, TD Cowen dropped their price target on CACI International from $610.00 to $480.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $517.31.

Insider Activity at CACI International

In related news, Director Debora A. Plunkett sold 309 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $363.62, for a total transaction of $112,358.58. Following the transaction, the director now directly owns 2,315 shares in the company, valued at $841,780.30. This trade represents a 11.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.35% of the stock is owned by insiders.

Hedge Funds Weigh In On CACI International

Hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. increased its holdings in shares of 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 purchasing an additional 29 shares in the last quarter. GAMMA Investing LLC increased its holdings 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 buying an additional 50 shares in the last quarter. VSM Wealth Advisory LLC purchased a new position in CACI International in the 4th quarter worth about $69,000. Jones Financial Companies Lllp boosted its holdings in shares of CACI International by 452.8% during the 4th quarter. Jones Financial Companies Lllp now owns 199 shares of the information technology services provider’s stock valued at $80,000 after acquiring an additional 163 shares during the last quarter. Finally, TD Private Client Wealth LLC boosted its holdings in CACI International by 49.1% in the third quarter. TD Private Client Wealth LLC now owns 252 shares of the information technology services provider’s stock worth $127,000 after purchasing an additional 83 shares during the last quarter. 86.43% of the stock is currently owned by hedge funds and other 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.