Short Interest in CACI International Inc (NYSE:CACI) Rises By 5.4%

CACI International Inc (NYSE:CACI) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totalling 178,900 shares, a growth of 5.4% from the September 15th total of 169,700 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 97,300 shares, the days-to-cover ratio is presently 1.8 days.

Insider Activity

In other news, CEO John S. Mengucci sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 directly owns 91,368 shares of the company’s stock, valued at $42,319,830.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Gregory G. Johnson sold 300 shares of CACI International stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $471.00, for a total transaction of $141,300.00. Following the completion of the transaction, the director now directly owns 5,910 shares of the company’s stock, valued at approximately $2,783,610. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $4,631,800.00. Following the completion of the sale, the chief executive officer now directly owns 91,368 shares in the company, valued at $42,319,830.24. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,270 shares of company stock worth $10,165,972. 1.23% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CACI International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. boosted its stake in shares of CACI International by 81.4% in the third quarter. UMB Bank n.a. now owns 78 shares of the information technology services provider’s stock worth $39,000 after buying an additional 35 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of CACI International by 900.0% during the 2nd quarter. Versant Capital Management Inc now owns 100 shares of the information technology services provider’s stock valued at $43,000 after purchasing an additional 90 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its stake in shares of CACI International by 35.1% in 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 purchasing an additional 105 shares during the period. Covestor Ltd boosted its holdings in CACI International by 8.9% during the first quarter. Covestor Ltd now owns 624 shares of the information technology services provider’s stock worth $237,000 after buying an additional 51 shares in the last quarter. Finally, LRI Investments LLC acquired a new stake in CACI International during the first quarter valued at $293,000. 86.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CACI has been the subject of several recent research reports. TD Cowen lifted their price objective on CACI International from $435.00 to $480.00 and gave the company a “buy” rating in a report on Friday, July 12th. Bank of America raised their price target on shares of CACI International from $535.00 to $555.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Raymond James lowered shares of CACI International from an “outperform” rating to a “market perform” rating in a research note on Monday, August 5th. Wells Fargo & Company increased their target price on shares of CACI International from $525.00 to $577.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Finally, Barclays upped their target price on CACI International from $450.00 to $500.00 and gave the company an “overweight” rating in a research report on Monday, August 12th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $485.60.

CACI International Stock Performance

CACI International stock traded up $3.34 during trading hours on Thursday, hitting $529.64. 129,944 shares of the stock traded hands, compared to its average volume of 110,665. The firm’s 50 day moving average price is $488.15 and its 200-day moving average price is $443.44. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.27 and a quick ratio of 1.27. The stock has a market capitalization of $11.81 billion, a price-to-earnings ratio of 30.60, a P/E/G ratio of 2.22 and a beta of 0.93. CACI International has a 1 year low of $302.21 and a 1 year high of $533.03.

CACI International (NYSE:CACI) last issued its earnings results on Wednesday, August 7th. The information technology services provider reported $6.61 EPS for the quarter, beating analysts’ consensus estimates of $5.93 by $0.68. CACI International had a return on equity of 14.31% and a net margin of 5.48%. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the prior year, the firm earned $5.30 earnings per share. CACI International’s revenue for the quarter was up 19.7% on a year-over-year basis. As a group, equities analysts expect that CACI International will post 23 EPS for the current fiscal year.

CACI International Company Profile

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.