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

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp raised its stake in shares of CACI International by 42.5% in 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 buying an additional 34,647 shares during the period. Geode Capital Management LLC raised its stake in CACI International by 5.0% during 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 acquiring an additional 22,823 shares during the period. BNP Paribas Financial Markets lifted its holdings in CACI International by 37.1% during the third quarter. BNP Paribas Financial Markets now owns 58,953 shares of the information technology services provider’s stock valued at $29,745,000 after purchasing an additional 15,961 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its position in shares of CACI International by 36.4% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 53,005 shares of the information technology services provider’s stock worth $21,417,000 after purchasing an additional 14,141 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC increased its stake 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 purchasing an additional 10,295 shares in the last quarter. 86.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CACI. Truist Financial reduced their price objective on CACI International from $650.00 to $550.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. Barclays raised their price target on CACI International from $610.00 to $625.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. UBS Group assumed coverage on shares of CACI International in a research note on Monday, December 2nd. They issued a “buy” rating and a $557.00 price target on the stock. Jefferies Financial Group upgraded shares of CACI International from a “hold” rating to a “buy” rating and set a $515.00 price objective for the company in a research note on Thursday. Finally, TD Cowen dropped their target price on shares of CACI International from $610.00 to $480.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $521.50.

CACI International Stock Performance

Shares of NYSE CACI traded down $1.85 during midday trading on Friday, hitting $452.43. 226,469 shares of the stock traded hands, compared to its average volume of 177,556. The firm has a market capitalization of $10.14 billion, a P/E ratio of 22.42, a PEG ratio of 1.31 and a beta of 0.87. CACI International has a one year low of $326.60 and a one year high of $588.26. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.75 and a current ratio of 1.75. The firm has a 50-day moving average of $442.22 and a two-hundred day moving average of $470.79.

CACI International (NYSE:CACI) last posted its earnings results on Wednesday, October 23rd. The information technology services provider reported $5.93 earnings per share for the quarter, beating analysts’ consensus estimates of $5.08 by $0.85. The company 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%. CACI International’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.36 earnings per share. On average, equities analysts forecast that CACI International will post 23.88 EPS 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.