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

CACI International Inc (NYSE:CACI) was the target of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 343,200 shares, a growth of 53.1% from the October 31st total of 224,100 shares. Based on an average daily trading volume, of 161,600 shares, the days-to-cover ratio is presently 2.1 days. Approximately 1.6% of the company’s stock are short sold.

Insiders Place Their Bets

In other news, insider Gregory R. Bradford sold 10,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $492.41, for a total transaction of $4,924,100.00. Following the transaction, the insider now directly owns 35,538 shares in the company, valued at approximately $17,499,266.58. This trade represents a 21.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.35% of the company’s stock.

Institutional Investors Weigh In On CACI International

Several hedge funds have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. grew its stake in shares of CACI International by 40.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 63 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 18 shares during the period. Rosenberg Matthew Hamilton raised its position in shares of CACI International by 9.8% in the third quarter. Rosenberg Matthew Hamilton now owns 212 shares of the information technology services provider’s stock worth $107,000 after acquiring an additional 19 shares during the period. UMB Bank n.a. grew its position in shares of CACI International by 81.4% during the 3rd quarter. UMB Bank n.a. now owns 78 shares of the information technology services provider’s stock valued at $39,000 after acquiring an additional 35 shares during the period. Captrust Financial Advisors increased its stake in shares of CACI International by 10.2% in the 3rd quarter. Captrust Financial Advisors now owns 823 shares of the information technology services provider’s stock valued at $415,000 after purchasing an additional 76 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its stake in shares of CACI International by 49.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 252 shares of the information technology services provider’s stock valued at $127,000 after purchasing an additional 83 shares in the last quarter. 86.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CACI. Bank of America lifted their price target on CACI International from $535.00 to $555.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Barclays lifted their target price on CACI International from $610.00 to $625.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. TD Cowen increased their price target on shares of CACI International from $545.00 to $570.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Truist Financial cut their price objective on shares of CACI International from $650.00 to $550.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Finally, The Goldman Sachs Group boosted their price objective on shares of CACI International from $471.00 to $520.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, CACI International presently has an average rating of “Moderate Buy” and a consensus price target of $535.90.

CACI International Stock Performance

Shares of NYSE:CACI traded down $0.41 during trading on Friday, hitting $459.88. The stock had a trading volume of 87,420 shares, compared to its average volume of 283,932. The stock has a 50-day simple moving average of $515.01 and a two-hundred day simple moving average of $471.40. The stock has a market capitalization of $10.30 billion, a price-to-earnings ratio of 22.79, a price-to-earnings-growth ratio of 1.42 and a beta of 0.91. CACI International has a 12-month low of $314.06 and a 12-month high of $588.26. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.48.

CACI International (NYSE:CACI) last announced its quarterly earnings data on Wednesday, October 23rd. The information technology services provider reported $5.93 EPS for the quarter, beating the consensus estimate of $5.08 by $0.85. The business 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 business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the business posted $4.36 EPS. On average, equities research analysts expect that CACI International will post 23.45 earnings per share for the current fiscal year.

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.