CACI International Inc (NYSE:CACI) Short Interest Up 8.8% in December

CACI International Inc (NYSE:CACIGet Rating) saw a significant increase in short interest in December. As of December 30th, there was short interest totalling 330,500 shares, an increase of 8.8% from the December 15th total of 303,700 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average trading volume of 133,000 shares, the short-interest ratio is currently 2.5 days.

Insider Activity

In other news, Director Lisa S. Disbrow sold 135 shares of the company’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $313.00, for a total value of $42,255.00. Following the completion of the transaction, the director now directly owns 414 shares of the company’s stock, valued at $129,582. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Gregory G. Johnson sold 150 shares of the company’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $310.00, for a total value of $46,500.00. Following the transaction, the director now owns 5,778 shares in the company, valued at $1,791,180. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lisa S. Disbrow sold 135 shares of the company’s stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $313.00, for a total value of $42,255.00. Following the completion of the transaction, the director now owns 414 shares in the company, valued at approximately $129,582. The disclosure for this sale can be found here. Insiders sold a total of 423 shares of company stock valued at $129,756 over the last three months. Corporate insiders own 1.23% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CACI. Barrow Hanley Mewhinney & Strauss LLC increased its stake in CACI International by 1,046.2% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 375,387 shares of the information technology services provider’s stock valued at $97,998,000 after acquiring an additional 342,637 shares during the last quarter. California Public Employees Retirement System increased its stake in CACI International by 91.6% in the second quarter. California Public Employees Retirement System now owns 93,944 shares of the information technology services provider’s stock valued at $26,472,000 after acquiring an additional 44,903 shares during the last quarter. Eagle Asset Management Inc. bought a new position in CACI International in the second quarter valued at $7,128,000. Strs Ohio increased its stake in CACI International by 284.8% in the third quarter. Strs Ohio now owns 30,648 shares of the information technology services provider’s stock valued at $8,000,000 after acquiring an additional 22,683 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky bought a new position in CACI International in the third quarter valued at $3,213,000. Institutional investors own 87.08% of the company’s stock.

CACI International Price Performance

Shares of CACI stock traded up $2.45 on Tuesday, reaching $288.43. The company’s stock had a trading volume of 28,818 shares, compared to its average volume of 153,888. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.51. CACI International has a 12-month low of $238.29 and a 12-month high of $319.33. The company has a market capitalization of $6.78 billion, a P/E ratio of 18.38, a PEG ratio of 2.42 and a beta of 0.95. The stock’s 50 day simple moving average is $301.46 and its 200-day simple moving average is $287.96.

CACI International (NYSE:CACIGet Rating) last issued its quarterly earnings data on Wednesday, October 26th. The information technology services provider reported $4.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.25 by $0.11. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.59 billion. CACI International had a return on equity of 14.12% and a net margin of 5.82%. As a group, equities analysts predict that CACI International will post 17.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Truist Financial increased their target price on CACI International from $310.00 to $345.00 and gave the stock a “buy” rating in a research report on Friday, October 28th. Cowen increased their target price on CACI International from $313.00 to $330.00 in a research report on Monday, January 9th. Morgan Stanley upgraded CACI International from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $325.00 to $355.00 in a research report on Tuesday, January 3rd. StockNews.com assumed coverage on CACI International in a research report on Wednesday, October 12th. They set a “buy” rating on the stock. Finally, Raymond James increased their target price on CACI International from $300.00 to $324.00 and gave the stock an “outperform” rating in a research report on Friday, October 28th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $336.75.

About CACI International

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CACI International, Inc operates as holding company, which engages in the provision of information solutions and services in support of national security missions and government transformation for intelligence, defense, and federal civilian customers. It operates through the Domestic Operations and International Operations segment.

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