Russell Investments Group Ltd. raised its stake in NCI, Inc. (NASDAQ:NCIT) by 30.1% during the first quarter, according to its most recent filing with the SEC. The fund owned 20,040 shares of the information technology services provider’s stock after buying an additional 4,632 shares during the period. Russell Investments Group Ltd. owned about 0.15% of NCI worth $302,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of the company. Renaissance Technologies LLC boosted 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 valued at $5,367,000 after buying an additional 9,225 shares during the period. Dimensional Fund Advisors LP boosted its stake 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 valued at $4,195,000 after buying an additional 5,301 shares during the period. Finally, Teachers Advisors LLC boosted its stake 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 valued at $184,000 after buying an additional 4,044 shares during the period. 39.04% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NCI, Inc. (NASDAQ:NCIT) opened at 20.00 on Wednesday. The stock has a 50 day moving average of $19.55 and a 200-day moving average of $15.41. The company has a market capitalization of $271.02 million, a PE ratio of 44.74 and a beta of 1.05. NCI, Inc. has a one year low of $10.98 and a one year high of $21.40.
NCI (NASDAQ:NCIT) last released its quarterly earnings results on Tuesday, May 9th. The information technology services provider reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.04. NCI had a net margin of 2.13% and a return on equity of 11.73%. The business had revenue of $78.75 million for the quarter, compared to analysts’ expectations of $76.55 million. On average, equities analysts forecast that NCI, Inc. will post $1.00 earnings per share for the current fiscal year.
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Several equities research analysts have commented on NCIT shares. SunTrust Banks, Inc. reissued a “buy” rating on shares of NCI in a research report on Monday, June 26th. Noble Financial reaffirmed a “buy” rating on shares of NCI in a report on Friday, May 12th. ValuEngine raised shares of NCI from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Cowen and Company reaffirmed a “buy” rating and issued a $24.00 target price on shares of NCI in a report on Monday, July 3rd. Finally, Zacks Investment Research cut shares of NCI from a “hold” rating to a “sell” rating in a report on Saturday, April 8th. 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 currently has an average rating of “Hold” and a consensus price target of $18.33.
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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