CACI International Inc (NYSE:CACI - Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 178,900 shares, an increase of 5.4% from the September 15th total of 169,700 shares. Based on an average trading volume of 97,300 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.8% of the shares of the stock are short sold.
A number of research firms have commented on CACI. Bank of America lifted their target price on shares of CACI International from $535.00 to $555.00 and gave the stock a "buy" rating in a report on Tuesday, September 17th. JPMorgan Chase & Co. lifted their price objective on CACI International from $520.00 to $555.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 2nd. Wells Fargo & Company raised their target price on CACI International from $525.00 to $577.00 and gave the stock an "overweight" rating in a report on Tuesday, October 1st. Barclays upped their price target on CACI International from $450.00 to $500.00 and gave the company an "overweight" rating in a research note on Monday, August 12th. Finally, Truist Financial lifted their price objective on shares of CACI International from $500.00 to $520.00 and gave the stock a "buy" rating in a research note on Thursday, September 5th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, CACI International presently has a consensus rating of "Moderate Buy" and an average price target of $485.60.
Read Our Latest Stock Analysis on CACI International
CACI stock traded up $3.34 during mid-day trading on Thursday, hitting $529.64. 129,944 shares of the company were exchanged, compared to its average volume of 110,665. The firm has a market cap of $11.81 billion, a P/E 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. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.27 and a current ratio of 1.27. The firm's 50 day simple moving average is $488.15 and its 200 day simple moving average is $443.44.
CACI International (NYSE:CACI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The information technology services provider reported $6.61 EPS for the quarter, beating the consensus estimate of $5.93 by $0.68. The business had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.93 billion. CACI International had a net margin of 5.48% and a return on equity of 14.31%. The firm's revenue was up 19.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.30 EPS. On average, sell-side analysts predict that CACI International will post 23 EPS for the current fiscal year.
In other news, Director Gregory G. Johnson sold 300 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $471.00, for a total transaction of $141,300.00. Following the sale, the director now directly owns 5,910 shares of the company's stock, valued at $2,783,610. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other CACI International news, insider Gregory R. Bradford sold 10,000 shares of the company's stock in a transaction dated 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gregory G. Johnson sold 300 shares of the firm's 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 in the company, valued at $2,783,610. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,270 shares of company stock valued at $10,165,972 in the last 90 days. 1.23% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. UMB Bank n.a. grew its position in 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 valued at $39,000 after purchasing an additional 35 shares in the last quarter. Covestor Ltd grew its holdings in shares of CACI International by 8.9% in 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. Versant Capital Management Inc increased its position in shares of CACI International by 900.0% in the second quarter. Versant Capital Management Inc now owns 100 shares of the information technology services provider's stock valued at $43,000 after acquiring an additional 90 shares during the last quarter. Kendall Capital Management increased its position in shares of CACI International by 8.9% in the second quarter. Kendall Capital Management now owns 1,219 shares of the information technology services provider's stock valued at $524,000 after acquiring an additional 100 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC raised its holdings in CACI International by 35.1% during the second quarter. GPS Wealth Strategies Group LLC now owns 404 shares of the information technology services provider's stock worth $174,000 after acquiring an additional 105 shares in the last quarter. 86.43% of the stock is owned by institutional investors and hedge funds.
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.
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