NCI, Inc. (NASDAQ:NCIT) Receives $18.33 Average Price Target from Analysts

NCI, Inc. (NASDAQ:NCIT) has been given an average rating of “Hold” by the six brokerages that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $18.33.

Several research analysts recently commented on the stock. Noble Financial reiterated a “hold” rating on shares of NCI in a report on Thursday, July 6th. Cowen and Company restated a “buy” rating and set a $24.00 price objective on shares of NCI in a report on Monday, July 3rd. SunTrust Banks, Inc. downgraded shares of NCI from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $24.00 to $20.00 in a report on Monday, July 3rd. ValuEngine upgraded shares of NCI from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research upgraded shares of NCI from a “sell” rating to a “hold” rating in a report on Saturday, May 13th.

Shares of NCI (NASDAQ:NCIT) traded down 0.25% during mid-day trading on Friday, reaching $19.90. The company had a trading volume of 101,062 shares. NCI has a 52-week low of $10.98 and a 52-week high of $21.40. The stock has a market capitalization of $269.66 million, a P/E ratio of 44.52 and a beta of 1.04. The company’s 50-day moving average is $20.18 and its 200 day moving average is $16.03.

NCI (NASDAQ:NCIT) last announced its earnings results on Tuesday, May 9th. The information technology services provider reported $0.25 EPS for the quarter, topping the consensus estimate of $0.21 by $0.04. The firm had revenue of $78.75 million for the quarter, compared to the consensus estimate of $76.55 million. NCI had a net margin of 2.13% and a return on equity of 11.73%. Analysts anticipate that NCI will post $1.00 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of NCIT. Russell Investments Group Ltd. acquired a new stake in NCI during the fourth quarter worth $216,000. Dimensional Fund Advisors LP increased 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 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 valued at $5,367,000 after buying an additional 9,225 shares during the last quarter. Teachers Advisors LLC increased 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 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 valued at $703,000 after buying an additional 8,100 shares during the last quarter. 39.04% of the stock is owned by institutional investors and hedge funds.

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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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