LSV Asset Management increased its position in shares of NCI Inc (NASDAQ:NCIT) by 5.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,201 shares of the information technology services provider’s stock after buying an additional 3,903 shares during the period. LSV Asset Management owned approximately 0.53% of NCI worth $1,086,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new position in NCI during the fourth quarter worth approximately $216,000. State Street Corp increased its position in NCI by 24.8% in the fourth quarter. State Street Corp now owns 64,343 shares of the information technology services provider’s stock worth $898,000 after buying an additional 12,784 shares during the period. Dimensional Fund Advisors LP increased its position in 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. Renaissance Technologies LLC increased its position in 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 during the period. Finally, PagnatoKarp Partners LLC bought a new position in NCI during the fourth quarter worth approximately $875,000. Hedge funds and other institutional investors own 34.36% of the company’s stock.
NCI Inc (NASDAQ:NCIT) opened at 19.15 on Wednesday. The stock has a 50 day moving average of $14.99 and a 200-day moving average of $14.08. The company has a market capitalization of $259.50 million, a P/E ratio of 42.84 and a beta of 1.02. NCI Inc has a 52-week low of $10.98 and a 52-week high of $19.60.
NCI (NASDAQ:NCIT) last posted its quarterly earnings results on Tuesday, May 9th. The information technology services provider reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.04. NCI had a net margin of 4.06% and a return on equity of 12.10%. The firm had revenue of $78.75 million for the quarter, compared to the consensus estimate of $76.55 million. On average, equities analysts forecast that NCI Inc will post $1.01 earnings per share for the current year.
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NCIT has been the topic of a number of research analyst reports. FBR & Co reiterated a “hold” rating and set a $11.00 price objective on shares of NCI in a research note on Tuesday, April 4th. Zacks Investment Research downgraded shares of NCI from a “hold” rating to a “sell” rating in a research note on Saturday, April 8th. Cowen and Company reiterated a “buy” rating and set a $16.50 price objective on shares of NCI in a research note on Monday, April 10th. Finally, Noble Financial reiterated a “buy” rating on shares of NCI in a research note on Friday, May 12th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $13.75.
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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