CACI International Inc (NYSE:CACI) Short Interest Up 9.9% in September

CACI International Inc (NYSE:CACI) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 169,700 shares, a growth of 9.9% from the August 31st total of 154,400 shares. Based on an average trading volume of 99,100 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.8% of the company’s shares are sold short.

CACI International Stock Performance

NYSE:CACI traded up $0.67 during trading hours on Tuesday, reaching $505.23. 124,839 shares of the stock were exchanged, compared to its average volume of 111,408. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.42. The firm has a 50 day simple moving average of $472.70 and a 200-day simple moving average of $432.25. CACI International has a 52 week low of $302.21 and a 52 week high of $506.86. The stock has a market capitalization of $11.26 billion, a P/E ratio of 29.19, a P/E/G ratio of 2.11 and a beta of 0.93.

CACI International (NYSE:CACI) last announced its quarterly earnings results on Wednesday, August 7th. The information technology services provider reported $6.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.93 by $0.68. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.93 billion. CACI International had a return on equity of 14.31% and a net margin of 5.48%. The business’s revenue was up 19.7% on a year-over-year basis. During the same quarter last year, the business posted $5.30 EPS. As a group, sell-side analysts forecast that CACI International will post 23.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CACI International news, Director Gregory G. Johnson sold 300 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $471.00, for a total transaction of $141,300.00. Following the completion of the sale, the director now directly owns 5,910 shares in the company, valued at $2,783,610. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO John S. Mengucci sold 10,000 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $463.18, for a total value of $4,631,800.00. Following the completion of the sale, the chief executive officer now owns 91,368 shares in the company, valued at $42,319,830.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gregory G. Johnson sold 300 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $471.00, for a total value of $141,300.00. Following the completion of the sale, the director now owns 5,910 shares of the company’s stock, valued at approximately $2,783,610. The disclosure for this sale can be found here. Insiders sold 21,270 shares of company stock worth $10,165,972 over the last three months. 1.23% of the stock is owned by insiders.

Institutional Trading of CACI International

Hedge funds have recently made changes to their positions in the stock. Versant Capital Management Inc lifted its holdings in shares of CACI International by 900.0% in the 2nd quarter. Versant Capital Management Inc now owns 100 shares of the information technology services provider’s stock worth $43,000 after purchasing an additional 90 shares during the last quarter. GPS Wealth Strategies Group LLC raised its stake in CACI International by 35.1% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 404 shares of the information technology services provider’s stock valued at $174,000 after acquiring an additional 105 shares in the last quarter. Covestor Ltd raised its stake in CACI International by 8.9% during the 1st quarter. Covestor Ltd now owns 624 shares of the information technology services provider’s stock valued at $237,000 after acquiring an additional 51 shares in the last quarter. LRI Investments LLC bought a new stake in CACI International during the 1st quarter valued at $293,000. Finally, Fifth Third Wealth Advisors LLC bought a new stake in CACI International during the 2nd quarter valued at $318,000. Institutional investors own 86.43% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Barclays increased their target price on CACI International from $450.00 to $500.00 and gave the company an “overweight” rating in a research note on Monday, August 12th. TD Cowen raised their price objective on CACI International from $435.00 to $480.00 and gave the company a “buy” rating in a research note on Friday, July 12th. JPMorgan Chase & Co. raised their price objective on CACI International from $383.00 to $458.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Truist Financial raised their price objective on CACI International from $500.00 to $520.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. Finally, Raymond James lowered CACI International from an “outperform” rating to a “market perform” rating in a research note on Monday, August 5th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, CACI International has an average rating of “Moderate Buy” and an average price target of $475.90.

About CACI International

CACI International Inc, together with its subsidiaries, provides expertise and technology to enterprise and mission customers in support of national security missions and government modernization/transformation in the intelligence, defense, and federal civilian sectors. It operates through two segments: Domestic Operations and International Operations.