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

CACI International Inc (NYSE:CACI - Get Free Report) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 701,100 shares, an increase of 19.5% from the December 31st total of 586,600 shares. Based on an average daily trading volume, of 219,600 shares, the days-to-cover ratio is currently 3.2 days. Approximately 3.2% of the shares of the stock are short sold.

Analysts Set New Price Targets

Several research firms recently weighed in on CACI. StockNews.com downgraded shares of CACI International from a "buy" rating to a "hold" rating in a research report on Saturday, January 25th. The Goldman Sachs Group cut CACI International from a "neutral" rating to a "sell" rating and dropped their price target for the stock from $540.00 to $373.00 in a research report on Thursday, December 12th. Robert W. Baird restated an "outperform" rating and issued a $640.00 price objective on shares of CACI International in a report on Tuesday, December 17th. Wells Fargo & Company upped their target price on shares of CACI International from $503.00 to $536.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Finally, Truist Financial lowered their price target on shares of CACI International from $650.00 to $550.00 and set a "buy" rating on the stock in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, CACI International currently has an average rating of "Moderate Buy" and a consensus price target of $525.50.

Hedge Funds Weigh In On CACI International

Institutional investors have recently modified their holdings of the business. Geode Capital Management LLC lifted its stake in CACI International by 5.0% in the third quarter. Geode Capital Management LLC now owns 482,274 shares of the information technology services provider's stock valued at $243,386,000 after buying an additional 22,823 shares during the last quarter. Bank of New York Mellon Corp grew its position in CACI International by 1.2% during the 4th quarter. Bank of New York Mellon Corp now owns 429,256 shares of the information technology services provider's stock worth $173,445,000 after purchasing an additional 5,248 shares during the last quarter. Van ECK Associates Corp increased its stake in CACI International by 35.2% in the fourth quarter. Van ECK Associates Corp now owns 157,098 shares of the information technology services provider's stock valued at $63,477,000 after purchasing an additional 40,867 shares during the period. Segall Bryant & Hamill LLC increased its stake in CACI International by 3.7% in the third quarter. Segall Bryant & Hamill LLC now owns 67,740 shares of the information technology services provider's stock valued at $34,179,000 after purchasing an additional 2,396 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in shares of CACI International by 37.1% in 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 buying an additional 15,961 shares during the last quarter. Institutional investors and hedge funds own 86.43% of the company's stock.

CACI International Trading Down 1.6 %

Shares of NYSE CACI traded down $6.34 during midday trading on Wednesday, reaching $380.02. 328,339 shares of the stock were exchanged, compared to its average volume of 415,819. The stock has a market capitalization of $8.52 billion, a P/E ratio of 17.82, a PEG ratio of 1.12 and a beta of 0.87. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.52 and a current ratio of 1.52. The company has a 50 day simple moving average of $423.89 and a 200 day simple moving average of $469.19. CACI International has a twelve month low of $345.77 and a twelve month high of $588.26.

CACI International (NYSE:CACI - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The information technology services provider reported $5.95 EPS for the quarter, beating analysts' consensus estimates of $5.28 by $0.67. CACI International had a net margin of 5.90% and a return on equity of 15.30%. As a group, equities analysts expect that CACI International will post 24.41 earnings per share for the current year.

About CACI International

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.