Short Interest in CACI International Inc (NYSE:CACI) Grows By 9.4%

CACI International Inc (NYSE:CACI) was the target of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 255,300 shares, an increase of 9.4% from the May 15th total of 233,300 shares. Based on an average trading volume of 111,100 shares, the short-interest ratio is currently 2.3 days. Approximately 1.2% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of CACI International from $379.00 to $425.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Barclays increased their price objective on CACI International from $400.00 to $450.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. Stifel Nicolaus boosted their price objective on shares of CACI International from $390.00 to $430.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Wells Fargo & Company increased their target price on shares of CACI International from $410.00 to $468.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Finally, TD Cowen boosted their price target on shares of CACI International from $400.00 to $435.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CACI International presently has an average rating of “Moderate Buy” and a consensus price target of $415.45.

Insider Buying and Selling at CACI International

In other CACI International news, Director Gregory G. Johnson sold 200 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $428.19, for a total transaction of $85,638.00. Following the transaction, the director now directly owns 6,078 shares in the company, valued at $2,602,538.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director William L. Jews sold 2,000 shares of CACI International stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $428.57, for a total value of $857,140.00. Following the completion of the transaction, the director now owns 6,825 shares in the company, valued at $2,924,990.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gregory G. Johnson sold 200 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $428.19, for a total transaction of $85,638.00. Following the sale, the director now owns 6,078 shares in the company, valued at $2,602,538.82. The disclosure for this sale can be found here. Insiders sold a total of 4,100 shares of company stock worth $1,755,028 over the last three months. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On CACI International

Several large investors have recently added to or reduced their stakes in the stock. Deroy & Devereaux Private Investment Counsel Inc. grew its position in shares of CACI International by 21.4% during the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 82,741 shares of the information technology services provider’s stock worth $31,345,000 after acquiring an additional 14,602 shares during the last quarter. Ophir Asset Management Pty Ltd grew its position in CACI International by 12.9% in the 4th quarter. Ophir Asset Management Pty Ltd now owns 66,359 shares of the information technology services provider’s stock worth $21,491,000 after purchasing an additional 7,596 shares during the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of CACI International in the fourth quarter valued at approximately $18,360,000. Lord Abbett & CO. LLC acquired a new stake in shares of CACI International in the first quarter valued at approximately $18,271,000. Finally, Van ECK Associates Corp boosted its position in shares of CACI International by 293.2% during the first quarter. Van ECK Associates Corp now owns 47,995 shares of the information technology services provider’s stock worth $18,182,000 after buying an additional 35,788 shares during the period. 86.43% of the stock is owned by institutional investors and hedge funds.

CACI International Stock Up 0.4 %

Shares of CACI International stock traded up $1.86 during trading on Tuesday, reaching $432.17. The company had a trading volume of 94,541 shares, compared to its average volume of 117,870. CACI International has a fifty-two week low of $302.21 and a fifty-two week high of $432.54. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market cap of $9.64 billion, a price-to-earnings ratio of 24.95, a price-to-earnings-growth ratio of 2.01 and a beta of 0.90. The firm’s fifty day moving average is $409.04 and its 200-day moving average is $370.07.

CACI International (NYSE:CACI) last released its earnings results on Wednesday, April 24th. The information technology services provider reported $5.74 earnings per share for the quarter, beating the consensus estimate of $5.55 by $0.19. CACI International had a net margin of 5.37% and a return on equity of 13.80%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the firm earned $4.92 earnings per share. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, analysts anticipate that CACI International will post 20.35 EPS for the current 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.