NCI, Inc. (NCIT) Given Average Recommendation of “Buy” by Analysts

Shares of NCI, Inc. (NASDAQ:NCIT) have been given a consensus rating of “Buy” by the six analysts that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $17.50.

NCIT has been the topic of a number of analyst reports. Noble Financial reaffirmed a “buy” rating on shares of NCI in a research note on Friday, May 12th. SunTrust Banks, Inc. reissued a “buy” rating on shares of NCI in a research note on Monday. Zacks Investment Research raised NCI from a “sell” rating to a “hold” rating in a research note on Saturday, May 13th. Cowen and Company reissued a “buy” rating and set a $16.50 target price on shares of NCI in a research note on Monday, April 10th. Finally, FBR & Co reissued a “hold” rating and set a $11.00 target price on shares of NCI in a research note on Tuesday, April 4th.

Institutional investors have recently bought and sold shares of the stock. ClariVest Asset Management LLC boosted its position in NCI by 5.3% in the first quarter. ClariVest Asset Management LLC now owns 14,464 shares of the information technology services provider’s stock valued at $217,000 after buying an additional 727 shares during the period. Algert Global LLC boosted its stake in NCI by 10.8% in the first quarter. Algert Global LLC now owns 12,155 shares of the information technology services provider’s stock valued at $183,000 after buying an additional 1,180 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in NCI by 4.4% in the first quarter. Bank of New York Mellon Corp now owns 27,972 shares of the information technology services provider’s stock valued at $421,000 after buying an additional 1,184 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in NCI by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 303,739 shares of the information technology services provider’s stock valued at $4,571,000 after buying an additional 3,044 shares in the last quarter. Finally, LSV Asset Management boosted its stake in NCI by 5.7% in the first quarter. LSV Asset Management now owns 72,201 shares of the information technology services provider’s stock valued at $1,086,000 after buying an additional 3,903 shares in the last quarter. 39.04% of the stock is currently owned by hedge funds and other institutional investors.

NCI (NASDAQ:NCIT) traded up 1.96% during mid-day trading on Monday, reaching $20.80. 5,059 shares of the company’s stock were exchanged. The stock has a market cap of $281.86 million, a price-to-earnings ratio of 46.53 and a beta of 0.98. NCI has a one year low of $10.98 and a one year high of $21.00. The stock has a 50-day moving average of $18.39 and a 200-day moving average of $15.07.

NCI (NASDAQ:NCIT) last announced its quarterly earnings results on Tuesday, May 9th. The information technology services provider reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.04. The business had revenue of $78.75 million for the quarter, compared to analysts’ expectations of $76.55 million. NCI had a return on equity of 11.73% and a net margin of 2.13%. On average, equities research analysts anticipate that NCI will post $1.01 earnings per share for the current year.

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About NCI

NCI, Inc is a provider of enterprise services and solutions to defense, intelligence, healthcare and civilian government agencies. The Company provides information technology (IT), and professional services and solutions by leveraging its core service offerings, which include cloud computing and IT infrastructure optimization; cybersecurity and information assurance; engineering and logistics support; enterprise information management and advanced analytics; health IT and medical support; IT service management; modeling, simulation, and training, and agile development and integration.

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