CACI International Inc (NYSE:CACI - Get Free Report) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 1,590,000 shares, a growth of 40.7% from the February 28th total of 1,130,000 shares. Approximately 7.2% of the company's stock are short sold. Based on an average daily trading volume, of 490,200 shares, the short-interest ratio is presently 3.2 days.
Insiders Place Their Bets
In other CACI International news, Director Debora A. Plunkett sold 309 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $363.62, for a total value of $112,358.58. Following the completion of the transaction, the director now owns 2,315 shares in the company, valued at approximately $841,780.30. This represents a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.35% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On CACI International
Several hedge funds and other institutional investors have recently made changes to their positions in CACI. Van ECK Associates Corp boosted its holdings in shares of 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 worth $63,477,000 after buying an additional 40,867 shares during the last quarter. Running Oak Capital LLC boosted its stake in shares of CACI International by 8.9% during the 4th quarter. Running Oak Capital LLC now owns 31,139 shares of the information technology services provider's stock worth $12,582,000 after acquiring an additional 2,533 shares during the last quarter. RNC Capital Management LLC bought a new stake in shares of CACI International during the 4th quarter valued at $315,000. Geode Capital Management LLC increased its stake in shares of CACI International by 5.0% in 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 purchasing an additional 22,823 shares in the last quarter. Finally, Leuthold Group LLC bought a new position in CACI International in the 4th quarter worth $2,647,000. Hedge funds and other institutional investors own 86.43% of the company's stock.
CACI International Stock Performance
Shares of CACI traded up $1.71 during mid-day trading on Thursday, hitting $392.97. 917,637 shares of the company traded hands, compared to its average volume of 241,074. CACI International has a 1 year low of $318.60 and a 1 year high of $588.26. 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 stock has a 50-day moving average price of $367.06 and a two-hundred day moving average price of $438.93. The stock has a market cap of $8.81 billion, a price-to-earnings ratio of 18.43, a P/E/G ratio of 1.01 and a beta of 0.88.
CACI International (NYSE:CACI - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The information technology services provider reported $5.95 earnings per share for the quarter, beating the consensus estimate of $5.28 by $0.67. CACI International had a return on equity of 15.30% and a net margin of 5.90%. Equities analysts anticipate that CACI International will post 23.94 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on CACI shares. Cantor Fitzgerald upgraded shares of CACI International to a "strong-buy" rating in a report on Tuesday, February 25th. William Blair lowered CACI International from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. The Goldman Sachs Group downgraded CACI International from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $540.00 to $373.00 in a report on Thursday, December 12th. StockNews.com downgraded CACI International from a "buy" rating to a "hold" rating in a report on Saturday, January 25th. Finally, Wells Fargo & Company dropped their price target on shares of CACI International from $536.00 to $480.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $517.31.
Get Our Latest Stock Analysis on CACI
About CACI International
(
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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.
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