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

Caci International Inc (NYSE:CACI) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 419,400 shares, an increase of 40.2% from the December 15th total of 299,200 shares. Currently, 1.7% of the shares of the company are short sold. Based on an average trading volume of 146,000 shares, the days-to-cover ratio is currently 2.9 days.

In other Caci International news, CFO Thomas A. Mutryn sold 4,410 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $227.50, for a total value of $1,003,275.00. Following the transaction, the chief financial officer now directly owns 41,845 shares in the company, valued at $9,519,737.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher Anthony Voci sold 190 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $228.42, for a total transaction of $43,399.80. Following the completion of the transaction, the vice president now owns 554 shares in the company, valued at $126,544.68. The disclosure for this sale can be found here. In the last three months, insiders sold 4,667 shares of company stock worth $1,062,022. 1.38% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the business. Marshall Wace LLP bought a new position in shares of Caci International in the first quarter worth about $93,000. Commonwealth Bank of Australia lifted its holdings in shares of Caci International by 45.0% in the second quarter. Commonwealth Bank of Australia now owns 2,900 shares of the information technology services provider’s stock worth $593,000 after buying an additional 900 shares in the last quarter. Glen Harbor Capital Management LLC lifted its holdings in shares of Caci International by 59.3% in the second quarter. Glen Harbor Capital Management LLC now owns 4,906 shares of the information technology services provider’s stock worth $1,004,000 after buying an additional 1,826 shares in the last quarter. Marshall Wace North America L.P. bought a new position in shares of Caci International during the second quarter worth $1,780,000. Finally, Paloma Partners Management Co bought a new position in shares of Caci International during the second quarter worth $15,454,000. 86.55% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on CACI. Morgan Stanley boosted their price objective on shares of Caci International from $235.00 to $256.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. SunTrust Banks raised Caci International from a “hold” rating to a “buy” rating and raised their target price for the stock from $220.00 to $270.00 in a report on Monday, November 25th. Goldman Sachs Group reiterated a “buy” rating and set a $258.00 target price on shares of Caci International in a research report on Wednesday, September 18th. ValuEngine lowered Caci International from a “hold” rating to a “sell” rating in a report on Thursday, December 5th. Finally, Barclays initiated coverage on Caci International in a research report on Friday, September 20th. They issued an “overweight” rating and a $260.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $249.80.

Shares of NYSE CACI traded up $2.44 during midday trading on Monday, reaching $265.51. The stock had a trading volume of 1,743 shares, compared to its average volume of 147,407. The company has a market capitalization of $6.59 billion, a price-to-earnings ratio of 25.33, a price-to-earnings-growth ratio of 2.15 and a beta of 1.27. Caci International has a 12-month low of $146.66 and a 12-month high of $264.99. The stock has a 50-day moving average of $245.10 and a 200-day moving average of $225.45. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.35 and a current ratio of 1.35.

Caci International (NYSE:CACI) last issued its earnings results on Wednesday, October 30th. The information technology services provider reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.03. Caci International had a net margin of 4.91% and a return on equity of 10.86%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the firm posted $3.10 EPS. Caci International’s quarterly revenue was up 16.9% compared to the same quarter last year. As a group, analysts forecast that Caci International will post 12.21 EPS for the current fiscal year.

Caci International Company Profile

CACI International Inc, together with its subsidiaries, provides information solutions and services in North America and internationally. The company offers business systems solutions in the areas of financial, human capital, asset and materials, and administrative management; develops, integrates, and operates command and control solutions; and develops and integrates solutions that deliver multi-level unified communications from the enterprise directly to and from the tactical edge.

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