NCI, Inc. (NCIT) Receives Buy Rating from SunTrust Banks, Inc.
NCIT has been the topic of several other research reports. Cowen and Company set a $24.00 price objective on NCI and gave the stock a buy rating in a report on Thursday, June 8th. ValuEngine raised NCI from a hold rating to a buy rating in a report on Friday, June 2nd. FBR & Co reaffirmed a hold rating and set a $11.00 price objective on shares of NCI in a report on Tuesday, April 4th. Noble Financial reissued a buy rating on shares of NCI in a report on Wednesday, June 14th. Finally, Zacks Investment Research lowered NCI from a hold rating to a sell rating in a report on Saturday, April 8th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $17.50.
Shares of NCI (NASDAQ:NCIT) traded down 3.34% on Monday, reaching $20.25. The company had a trading volume of 64,566 shares. NCI has a 12 month low of $10.98 and a 12 month high of $21.00. The firm has a market capitalization of $274.41 million, a PE ratio of 45.30 and a beta of 0.98. The firm’s 50 day moving average is $18.39 and its 200 day moving average is $15.07.
NCI (NASDAQ:NCIT) last issued its quarterly earnings data on Tuesday, May 9th. The information technology services provider reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.04. The company had revenue of $78.75 million for the quarter, compared to analyst estimates of $76.55 million. NCI had a return on equity of 11.73% and a net margin of 2.13%. On average, equities research analysts expect that NCI will post $1.01 earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in NCIT. Royce & Associates LP purchased a new stake in shares of NCI during the first quarter worth approximately $7,663,000. Goldman Sachs Group Inc. purchased a new stake in shares of NCI during the first quarter worth approximately $432,000. Renaissance Technologies LLC increased its stake in shares of NCI by 5.2% in the first quarter. Renaissance Technologies LLC now owns 404,799 shares of the information technology services provider’s stock worth $6,092,000 after buying an additional 20,074 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of NCI during the fourth quarter worth approximately $216,000. Finally, State Street Corp increased its stake in shares of NCI by 24.8% in the fourth quarter. State Street Corp now owns 64,343 shares of the information technology services provider’s stock worth $898,000 after buying an additional 12,784 shares during the last quarter. 39.04% of the stock is currently owned by hedge funds and other institutional investors.
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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