CACI International Inc (NYSE:CACI – Get Rating) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 339,300 shares, a decrease of 28.4% from the March 15th total of 474,200 shares. Approximately 1.5% of the company’s stock are short sold. Based on an average daily trading volume, of 177,600 shares, the short-interest ratio is presently 1.9 days.
Several equities analysts have commented on the stock. Raymond James upgraded shares of CACI International from a “market perform” rating to an “outperform” rating and set a $300.00 price target on the stock in a research note on Monday, January 31st. Barclays assumed coverage on shares of CACI International in a research note on Monday, January 24th. They issued an “overweight” rating on the stock. StockNews.com upgraded shares of CACI International from a “hold” rating to a “buy” rating in a research note on Wednesday. Morgan Stanley increased their price objective on CACI International from $286.00 to $311.00 and gave the company an “equal weight” rating in a report on Friday, March 18th. Finally, The Goldman Sachs Group downgraded CACI International from a “buy” rating to a “neutral” rating and increased their price objective for the company from $304.00 to $336.00 in a report on Wednesday. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, CACI International has an average rating of “Buy” and an average price target of $317.67.
Shares of CACI stock traded down $3.80 during trading hours on Friday, hitting $294.32. The stock had a trading volume of 145,865 shares, compared to its average volume of 155,551. The firm has a market capitalization of $6.89 billion, a PE ratio of 16.31, a PEG ratio of 4.27 and a beta of 0.94. CACI International has a twelve month low of $238.29 and a twelve month high of $313.52. The stock’s 50 day moving average is $286.25 and its 200 day moving average is $276.89. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.42 and a quick ratio of 1.42.
In related news, insider Gregory R. Bradford purchased 1,111 shares of the company’s stock in a transaction on Monday, January 31st. The shares were bought at an average cost of $245.92 per share, for a total transaction of $273,217.12. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William S. Wallace sold 137 shares of the stock in a transaction that occurred on Wednesday, February 16th. The shares were sold at an average price of $251.04, for a total transaction of $34,392.48. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Rosenberg Matthew Hamilton lifted its holdings in shares of CACI International by 29.7% during the first quarter. Rosenberg Matthew Hamilton now owns 166 shares of the information technology services provider’s stock worth $50,000 after purchasing an additional 38 shares during the period. Okabena Investment Services Inc. acquired a new stake in shares of CACI International during the fourth quarter worth $71,000. Quent Capital LLC acquired a new stake in shares of CACI International during the fourth quarter worth $262,000. Parametric Portfolio Associates LLC lifted its holdings in shares of CACI International by 2.4% during the fourth quarter. Parametric Portfolio Associates LLC now owns 78,149 shares of the information technology services provider’s stock worth $21,038,000 after purchasing an additional 1,862 shares during the period. Finally, Metropolitan Life Insurance Co NY lifted its holdings in shares of CACI International by 8.9% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 4,173 shares of the information technology services provider’s stock worth $1,123,000 after purchasing an additional 341 shares during the period. 91.91% of the stock is owned by hedge funds and other institutional investors.
About CACI International (Get Rating)
CACI International Inc, together with its subsidiaries, provides expertise and technology to enterprise and mission customers in support of national security missions and government modernization/transformation in the intelligence, defense, and federal civilian sectors. It operates in two segments, Domestic Operations and International Operations.
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