CACI International Inc (NYSE:CACI) Short Interest Up 19.5% in December

CACI International Inc (NYSE:CACI) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 701,100 shares, a growth of 19.5% from the December 15th total of 586,600 shares. Based on an average daily volume of 219,600 shares, the days-to-cover ratio is currently 3.2 days. Approximately 3.2% of the shares of the stock are sold short.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CACI shares. The Goldman Sachs Group cut shares of CACI International from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $540.00 to $373.00 in a research report on Thursday, December 12th. 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. Robert W. Baird reaffirmed an “outperform” rating and issued a $640.00 price objective on shares of CACI International in a research note on Tuesday, December 17th. JPMorgan Chase & Co. increased their target price on CACI International from $520.00 to $555.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Barclays raised their target price on shares of CACI International from $610.00 to $625.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $521.50.

CACI International Stock Down 0.4 %

Shares of NYSE CACI traded down $1.85 during trading hours on Friday, hitting $452.43. 226,469 shares of the stock were exchanged, compared to its average volume of 177,556. CACI International has a 12 month low of $326.60 and a 12 month high of $588.26. The firm has a fifty day moving average price of $442.22 and a 200-day moving average price of $470.79. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.48. The company has a market cap of $10.14 billion, a PE ratio of 22.42, a PEG ratio of 1.31 and a beta of 0.87.

CACI International (NYSE:CACI) last issued its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.08 by $0.85. The business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.92 billion. CACI International had a return on equity of 14.78% and a net margin of 5.77%. The business’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm posted $4.36 earnings per share. On average, sell-side analysts expect that CACI International will post 23.88 EPS for the current year.

Institutional Investors Weigh In On CACI International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp grew its stake in shares of CACI International by 42.5% during the third quarter. Van ECK Associates Corp now owns 116,231 shares of the information technology services provider’s stock worth $60,917,000 after acquiring an additional 34,647 shares during the last quarter. Geode Capital Management LLC boosted its stake in CACI International by 5.0% in the 3rd quarter. Geode Capital Management LLC now owns 482,274 shares of the information technology services provider’s stock worth $243,386,000 after purchasing an additional 22,823 shares in the last quarter. BNP Paribas Financial Markets grew its position in CACI International by 37.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 58,953 shares of the information technology services provider’s stock worth $29,745,000 after purchasing an additional 15,961 shares during the last quarter. Fort Washington Investment Advisors Inc. OH increased its stake in CACI International by 36.4% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 53,005 shares of the information technology services provider’s stock valued at $21,417,000 after purchasing an additional 14,141 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of CACI International by 26.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 48,923 shares of the information technology services provider’s stock worth $21,043,000 after buying an additional 10,295 shares during the last quarter. 86.43% of the stock is currently owned by hedge funds and other institutional investors.

About CACI International

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.