Several other research analysts also recently commented on the company. Noble Financial restated a buy rating on shares of NCI in a report on Wednesday, June 14th. Cowen and Company set a $24.00 price objective on NCI and gave the stock a buy rating in a report on Thursday, June 8th. ValuEngine upgraded NCI from a hold rating to a buy rating in a report on Friday, June 2nd. Zacks Investment Research upgraded NCI from a sell rating to a hold rating in a report on Saturday, May 13th. Finally, FBR & Co restated a hold rating and set a $11.00 price objective on shares of NCI in a report on Tuesday, April 4th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. NCI currently has a consensus rating of Buy and a consensus price target of $17.50.
NCI (NCIT) traded down 3.34% during trading on Monday, hitting $20.25. The stock had a trading volume of 64,566 shares. The stock has a market cap of $274.41 million, a price-to-earnings ratio of 45.30 and a beta of 0.98. NCI has a 12 month low of $10.98 and a 12 month high of $21.00. The stock has a 50 day moving average price of $18.39 and a 200-day moving average price of $15.07.
NCI (NASDAQ:NCIT) last issued its quarterly earnings results on Tuesday, May 9th. The information technology services provider reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.04. NCI had a return on equity of 11.73% and a net margin of 2.13%. The firm had revenue of $78.75 million during the quarter, compared to analyst estimates of $76.55 million. On average, equities analysts predict that NCI will post $1.01 EPS for the current year.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. LSV Asset Management increased its position in shares of NCI by 5.7% in the first quarter. LSV Asset Management now owns 72,201 shares of the information technology services provider’s stock worth $1,086,000 after buying an additional 3,903 shares in the last quarter. Hancock Holding Co. bought a new position in shares of NCI during the first quarter worth about $189,000. Renaissance Technologies LLC increased its position in shares of NCI by 2.5% in the fourth quarter. Renaissance Technologies LLC now owns 384,725 shares of the information technology services provider’s stock worth $5,367,000 after buying an additional 9,225 shares in the last quarter. Globeflex Capital L P increased its position in shares of NCI by 40.3% in the first quarter. Globeflex Capital L P now owns 40,372 shares of the information technology services provider’s stock worth $608,000 after buying an additional 11,600 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of NCI by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 300,695 shares of the information technology services provider’s stock worth $4,195,000 after buying an additional 5,301 shares in the last quarter. Institutional investors and hedge funds own 39.04% of the company’s stock.
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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