LSV Asset Management boosted its stake in NCI Inc (NASDAQ:NCIT) by 5.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of the company. PagnatoKarp Partners LLC acquired a new stake in NCI during the fourth quarter valued at approximately $875,000. Russell Investments Group Ltd. acquired a new stake in NCI during the fourth quarter valued at approximately $216,000. State Street Corp increased its stake in shares of 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 last quarter. Renaissance Technologies LLC increased its stake 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 during the last quarter. Finally, Wedge Capital Management L L P NC increased its stake 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 last quarter. Hedge funds and other institutional investors own 39.04% of the company’s stock.
Shares of NCI Inc (NASDAQ NCIT) traded down 0.73% on Friday, hitting $20.40. 122,314 shares of the stock traded hands. NCI Inc has a 52-week low of $10.98 and a 52-week high of $21.00. The firm has a 50 day moving average price of $18.39 and a 200 day moving average price of $15.07. The firm has a market cap of $276.44 million, a PE ratio of 45.64 and a beta of 0.98.
NCI (NASDAQ:NCIT) last posted its earnings results on Tuesday, May 9th. The information technology services provider reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.04. NCI had a negative return on equity of 2.86% and a negative net margin of 1.02%. The company 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 EPS for the current year.
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A number of brokerages have recently issued reports on NCIT. Zacks Investment Research downgraded shares of NCI from a “hold” rating to a “sell” rating in a report on Saturday, April 8th. FBR & Co reissued a “hold” rating and issued a $11.00 price target on shares of NCI in a report on Tuesday, April 4th. Cowen and Company set a $24.00 target price on shares of NCI and gave the company a “buy” rating in a research note on Thursday, June 8th. Noble Financial reaffirmed a “buy” rating on shares of NCI in a research note on Friday, May 12th. Finally, ValuEngine raised shares of NCI from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $17.50.
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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