PagnatoKarp Partners LLC trimmed its holdings in shares of NCI Inc (NASDAQ:NCIT) by 14.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 55,050 shares of the information technology services provider’s stock after selling 9,156 shares during the period. PagnatoKarp Partners LLC owned approximately 0.41% of NCI worth $1,162,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. New York State Common Retirement Fund boosted its stake in NCI by 89.8% during the 2nd 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 purchasing an additional 3,099 shares during the last quarter. Citigroup Inc. boosted its stake in NCI by 32.0% during the 2nd quarter. Citigroup Inc. now owns 8,782 shares of the information technology services provider’s stock valued at $185,000 after purchasing an additional 2,128 shares during the last quarter. Teachers Advisors LLC boosted its stake in NCI by 22.3% during the 2nd quarter. Teachers Advisors LLC now owns 12,454 shares of the information technology services provider’s stock valued at $263,000 after purchasing an additional 2,275 shares during the last quarter. Hancock Holding Co. purchased a new stake in NCI during the 1st quarter valued at $189,000. Finally, Eagle Global Advisors LLC purchased a new stake in NCI during the 2nd quarter valued at $266,000. Institutional investors and hedge funds own 38.58% of the company’s stock.
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Several analysts have commented on the company. Zacks Investment Research downgraded NCI from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. Cowen and Company set a $24.00 target price on NCI and gave the company a “buy” rating in a research note on Thursday, June 8th. Noble Financial reiterated a “buy” rating on shares of NCI in a research note on Wednesday, June 14th. SunTrust Banks, Inc. downgraded NCI from a “buy” rating to a “hold” rating and cut their target price for the company from $24.00 to $20.00 in a research note on Monday, July 3rd. Finally, ValuEngine upgraded NCI from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $18.33.
NCI Inc (NASDAQ:NCIT) traded up inf% during trading on Wednesday, hitting $20.00. The stock had a trading volume of 79,351 shares. NCI Inc has a 12 month low of $10.98 and a 12 month high of $21.40. The firm has a 50 day moving average of $20.07 and a 200-day moving average of $16.90.
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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