Russell Investments Group Ltd. lessened its position in shares of NCI Inc (NASDAQ:NCIT) by 9.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,241 shares of the information technology services provider’s stock after selling 1,799 shares during the period. Russell Investments Group Ltd. owned approximately 0.20% of NCI worth $384,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Hancock Holding Co. bought a new stake in shares of NCI during the first quarter worth approximately $189,000. Teachers Advisors LLC boosted its holdings in shares of NCI by 44.1% during the fourth quarter. Teachers Advisors LLC now owns 13,212 shares of the information technology services provider’s stock worth $184,000 after acquiring an additional 4,044 shares during the period. ClariVest Asset Management LLC boosted its holdings in shares of NCI by 5.3% during the first quarter. ClariVest Asset Management LLC now owns 14,464 shares of the information technology services provider’s stock worth $217,000 after acquiring an additional 727 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of NCI by 4.4% during the first quarter. Bank of New York Mellon Corp now owns 27,972 shares of the information technology services provider’s stock worth $421,000 after acquiring an additional 1,184 shares during the period. Finally, Goldman Sachs Group Inc. bought a new stake in shares of NCI during the first quarter worth approximately $432,000. Institutional investors own 38.58% of the company’s stock.
Shares of NCI Inc (NASDAQ NCIT) traded up inf% during midday trading on Friday, hitting $20.00. The company had a trading volume of 79,351 shares. The company’s 50-day moving average price is $20.07 and its 200 day moving average price is $16.90. NCI Inc has a 12-month low of $10.98 and a 12-month high of $21.40.
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A number of brokerages have recently issued reports on NCIT. Cowen and Company restated a “buy” rating and set a $24.00 price objective on shares of NCI in a report on Monday, July 3rd. Noble Financial restated a “buy” rating on shares of NCI in a report on Wednesday, June 14th. Zacks Investment Research cut NCI from a “buy” rating to a “hold” rating in a report on Tuesday, August 15th. SunTrust Banks, Inc. cut NCI from a “buy” rating to a “hold” rating and cut their price target for the company from $24.00 to $20.00 in a research note on Monday, July 3rd. Finally, ValuEngine upgraded NCI from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $18.33.
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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