OxFORD Asset Management LLP acquired a new position in shares of NCI Inc (NASDAQ:NCIT) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 67,542 shares of the information technology services provider’s stock, valued at approximately $1,425,000. OxFORD Asset Management LLP owned 0.50% of NCI at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Algert Global LLC boosted its position in NCI by 527.3% during the second quarter. Algert Global LLC now owns 76,251 shares of the information technology services provider’s stock worth $1,609,000 after purchasing an additional 64,096 shares during the period. Eagle Global Advisors LLC bought a new position in NCI during the second quarter worth $266,000. Goldman Sachs Group Inc. bought a new position in NCI during the first quarter worth $432,000. Martingale Asset Management L P bought a new position in NCI during the second quarter worth $535,000. Finally, Russell Investments Group Ltd. boosted its position in NCI by 30.1% during the first quarter. Russell Investments Group Ltd. now owns 20,040 shares of the information technology services provider’s stock worth $302,000 after purchasing an additional 4,632 shares during the period. 38.58% of the stock is owned by hedge funds and other institutional investors.
Shares of NCI Inc (NASDAQ:NCIT) opened at 20.00 on Wednesday. NCI Inc has a 12 month low of $10.98 and a 12 month high of $21.40. The stock has a 50 day moving average of $20.07 and a 200-day moving average of $16.90.
A number of equities analysts have commented on NCIT shares. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of NCI in a research report on Monday, June 26th. Cowen and Company set a $24.00 price objective on shares of NCI and gave the stock a “buy” rating in a research report on Thursday, August 17th. Zacks Investment Research cut shares of NCI from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. Finally, Noble Financial reaffirmed a “hold” rating on shares of NCI in a research report on Thursday, July 6th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. NCI currently has an average rating of “Hold” and a consensus target price of $18.33.
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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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