CACI International Inc (NYSE:CACI) Sees Significant Increase in Short Interest

CACI International Inc (NYSE:CACI - Get Free Report) was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 1,020,000 shares, a growth of 28.4% from the January 31st total of 794,600 shares. Approximately 4.6% of the shares of the company are short sold. Based on an average trading volume of 368,700 shares, the days-to-cover ratio is presently 2.8 days.

Wall Street Analysts Forecast Growth

CACI has been the topic of a number of research reports. TD Cowen cut their price objective 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. Jefferies Financial Group raised shares of CACI International from a "hold" rating to a "buy" rating and set a $515.00 price target on the stock in a report on Thursday, January 16th. UBS Group began coverage on shares of CACI International in a report on Monday, December 2nd. They set a "buy" rating and a $557.00 price target on the stock. Cantor Fitzgerald raised shares of CACI International to a "strong-buy" rating in a report on Tuesday, February 25th. Finally, William Blair downgraded shares of CACI International from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $521.92.

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Hedge Funds Weigh In On CACI International

Several hedge funds and other institutional investors have recently modified their holdings of CACI. Nisa Investment Advisors LLC lifted its stake in shares of CACI International by 13.4% in the third quarter. Nisa Investment Advisors LLC now owns 2,328 shares of the information technology services provider's stock worth $1,175,000 after buying an additional 275 shares in the last quarter. New York State Common Retirement Fund lifted its stake in shares of CACI International by 13.1% in the third quarter. New York State Common Retirement Fund now owns 31,853 shares of the information technology services provider's stock worth $16,072,000 after buying an additional 3,700 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of CACI International by 286.4% in the third quarter. Farther Finance Advisors LLC now owns 1,302 shares of the information technology services provider's stock worth $657,000 after buying an additional 965 shares in the last quarter. Van ECK Associates Corp lifted 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 in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of CACI International in the third quarter worth about $300,000. 86.43% of the stock is owned by hedge funds and other institutional investors.

CACI International Price Performance

CACI traded up $28.88 during midday trading on Friday, hitting $387.84. 960,851 shares of the company traded hands, compared to its average volume of 201,955. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $8.70 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 1.01 and a beta of 0.88. CACI International has a 52-week low of $318.60 and a 52-week high of $588.26. The business has a 50 day simple moving average of $387.70 and a two-hundred day simple moving average of $451.85.

CACI International (NYSE:CACI - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The information technology services provider reported $5.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.28 by $0.67. CACI International had a net margin of 5.90% and a return on equity of 15.30%. On average, equities analysts forecast that CACI International will post 23.94 earnings per share for the current fiscal 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.