Cowen and Company Reiterates $24.00 Price Target for NCI, Inc. (NCIT)

Cowen and Company set a $24.00 price target on NCI, Inc. (NASDAQ:NCIT) in a report published on Thursday morning. The brokerage currently has a buy rating on the information technology services provider’s stock.

NCIT has been the subject of several other reports. ValuEngine upgraded shares of NCI from a hold rating to a buy rating in a research report on Friday, June 2nd. Noble Financial reiterated a hold rating on shares of NCI in a research report on Thursday, July 6th. Zacks Investment Research cut shares of NCI from a buy rating to a hold rating in a research report on Tuesday, August 15th. Finally, SunTrust Banks, Inc. cut shares of NCI from a buy rating to a hold rating and decreased their price objective for the stock from $24.00 to $20.00 in a research report on Monday, July 3rd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $18.33.

Shares of NCI (NASDAQ:NCIT) traded up 0.25% during trading on Thursday, hitting $20.00. 79,351 shares of the stock were exchanged. The stock has a market cap of $272.32 million, a P/E ratio of 46.51 and a beta of 1.01. The firm’s 50 day moving average price is $20.07 and its 200-day moving average price is $16.90. NCI has a 52 week low of $10.98 and a 52 week high of $21.40.

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Several large investors have recently bought and sold shares of the company. New York State Common Retirement Fund boosted its stake in NCI by 89.8% in the second quarter. New York State Common Retirement Fund now owns 6,550 shares of the information technology services provider’s stock valued at $138,000 after buying an additional 3,099 shares during the period. The Manufacturers Life Insurance Company boosted its stake in NCI by 324.3% in the second quarter. The Manufacturers Life Insurance Company now owns 7,243 shares of the information technology services provider’s stock worth $154,000 after buying an additional 5,536 shares during the last quarter. Algert Global LLC boosted its stake in 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 during the last quarter. Teachers Advisors LLC boosted its stake in 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 during the last quarter. Finally, Citigroup Inc. boosted its stake in NCI by 32.0% in the second quarter. Citigroup Inc. now owns 8,782 shares of the information technology services provider’s stock worth $185,000 after buying an additional 2,128 shares during the last quarter. Institutional investors own 38.58% of the company’s stock.

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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