NCI, Inc. (NASDAQ:NCIT) has been given a $24.00 target price by equities research analysts at Cowen and Company in a research report issued on Thursday. The brokerage currently has a “buy” rating on the information technology services provider’s stock. Cowen and Company’s price target would suggest a potential upside of 20.00% from the stock’s previous close.

A number of other analysts have also recently commented on NCIT. Zacks Investment Research cut NCI from a “buy” rating to a “hold” rating in a research report on Tuesday. Noble Financial reiterated a “buy” rating on shares of NCI in a research report on Wednesday, June 14th. SunTrust Banks, Inc. cut NCI from a “buy” rating to a “hold” rating and cut their target price for the stock from $24.00 to $20.00 in a research report on Monday, July 3rd. Finally, ValuEngine upgraded NCI from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. 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 has an average rating of “Hold” and a consensus price target of $18.33.

NCI (NCIT) traded up 0.25% during mid-day trading on Thursday, reaching $20.00. The company’s stock had a trading volume of 79,351 shares. The firm has a market cap of $272.32 million, a PE ratio of 46.51 and a beta of 1.01. NCI has a one year low of $10.98 and a one year high of $21.40. The stock’s 50 day moving average is $20.07 and its 200 day moving average is $16.90.

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Several hedge funds have recently bought and sold shares of NCIT. 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 worth $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 period. 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 period. 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 period. Finally, Teachers Advisors LLC boosted its stake in NCI by 22.3% in the second quarter. Teachers Advisors LLC now owns 12,454 shares of the information technology services provider’s stock worth $263,000 after buying an additional 2,275 shares during the period. Institutional investors and hedge funds 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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