Fmr LLC reduced its position in NCI, Inc. (NASDAQ:NCIT) by 3.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 766,700 shares of the information technology services provider’s stock after selling 28,900 shares during the period. Fmr LLC owned approximately 0.06% of NCI worth $11,539,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Algert Global LLC increased its position in shares of NCI by 10.8% in the first quarter. Algert Global LLC now owns 12,155 shares of the information technology services provider’s stock worth $183,000 after buying an additional 1,180 shares in the last quarter. Hancock Holding Co. bought a new position in shares of NCI during the first quarter worth approximately $189,000. Teachers Advisors LLC increased its position 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 worth $184,000 after buying an additional 4,044 shares in the last quarter. ClariVest Asset Management LLC increased its position in shares of NCI by 5.3% in the first quarter. ClariVest Asset Management LLC now owns 14,464 shares of the information technology services provider’s stock worth $217,000 after buying an additional 727 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new position in shares of NCI during the fourth quarter worth approximately $216,000. Institutional investors and hedge funds own 39.04% of the company’s stock.
NCI, Inc. (NASDAQ:NCIT) opened at 19.95 on Monday. The company has a market capitalization of $270.34 million, a P/E ratio of 44.63 and a beta of 1.04. NCI, Inc. has a 1-year low of $10.98 and a 1-year high of $21.40. The stock’s 50 day moving average is $20.18 and its 200-day moving average is $16.03.
NCI (NASDAQ:NCIT) last announced its quarterly earnings data on Tuesday, May 9th. The information technology services provider reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. The firm had revenue of $78.75 million during the quarter, compared to analysts’ expectations of $76.55 million. NCI had a net margin of 2.13% and a return on equity of 11.73%. On average, analysts expect that NCI, Inc. will post $1.00 earnings per share for the current fiscal year.
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A number of equities analysts have commented on the stock. FBR & Co restated a “hold” rating and issued a $11.00 target price on shares of NCI in a research note on Tuesday, April 4th. Cowen and Company restated a “buy” rating and issued a $16.50 target price on shares of NCI in a research note on Monday, April 10th. Zacks Investment Research upgraded shares of NCI from a “sell” rating to a “hold” rating in a research note on Saturday, May 13th. Noble Financial restated a “hold” rating on shares of NCI in a research note on Thursday, July 6th. Finally, SunTrust Banks, Inc. downgraded shares of NCI from a “buy” rating to a “hold” rating and dropped their target price for the stock from $24.00 to $20.00 in a research note on Monday, July 3rd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average 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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