Zacks Investment Research downgraded shares of NCI, Inc. (NASDAQ:NCIT) from a buy rating to a hold rating in a research note published on Tuesday morning.
According to Zacks, “NCI, Inc. is a leading provider of information technology services and solutions to U.S. federal government agencies. NCI’s award-winning expertise encompasses areas critical to its customers’ mission objectives including enterprise systems management, information assurance, network engineering, and systems development and integration. “
Several other equities analysts have also issued reports on NCIT. Noble Financial reaffirmed a buy rating on shares of NCI in a research report on Friday, May 12th. ValuEngine raised NCI from a hold rating to a buy rating in a research report on Friday, June 2nd. Cowen and Company set a $24.00 price target on NCI and gave the stock a buy rating in a research report on Thursday, June 8th. Finally, SunTrust Banks, Inc. reaffirmed a buy rating on shares of NCI in a research report on Monday, June 26th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of Hold and an average target price of $18.33.
NCI (NASDAQ NCIT) traded up 0.25% on Tuesday, reaching $20.00. 79,351 shares of the company’s stock traded hands. NCI has a 12 month low of $10.98 and a 12 month high of $21.40. The firm’s 50 day moving average price is $20.07 and its 200 day moving average price is $16.90. The company has a market cap of $272.32 million, a PE ratio of 46.51 and a beta of 1.01.
Institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new position in NCI during the fourth quarter valued at about $216,000. Dimensional Fund Advisors LP raised 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 during the period. Teachers Advisors LLC raised its position in shares of NCI by 44.1% in the fourth quarter. Teachers Advisors LLC now owns 13,212 shares of the information technology services provider’s stock worth $184,000 after buying an additional 4,044 shares during the period. Wedge Capital Management L L P NC raised its position in shares of NCI by 21.0% in the first quarter. Wedge Capital Management L L P NC now owns 46,700 shares of the information technology services provider’s stock worth $703,000 after buying an additional 8,100 shares during the period. Finally, LSV Asset Management raised 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 during the period. 38.58% of the stock is owned by hedge funds and other institutional investors.
NCI Company Profile
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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