NCI, Inc. (NCIT) Receives Consensus Rating of “Hold” from Brokerages
Shares of NCI, Inc. (NASDAQ:NCIT) have been assigned an average recommendation of “Hold” from the six analysts that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $18.33.
Several analysts have recently weighed in on NCIT shares. Noble Financial reaffirmed a “buy” rating on shares of NCI in a research note on Friday, May 12th. Zacks Investment Research raised shares of NCI from a “sell” rating to a “hold” rating in a research note on Saturday, May 13th. ValuEngine raised shares of NCI from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Cowen and Company set a $24.00 price target on shares of NCI and gave the company a “buy” rating in a research note on Thursday, June 8th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of NCI in a research note on Monday, June 26th.
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Shares of NCI (NASDAQ NCIT) opened at 19.95 on Tuesday. The stock has a market cap of $271.64 million, a P/E ratio of 46.40 and a beta of 1.01. NCI has a 1-year low of $10.98 and a 1-year high of $21.40. The company has a 50 day moving average price of $20.10 and a 200 day moving average price of $16.85.
A number of institutional investors have recently modified their holdings of NCIT. Russell Investments Group Ltd. acquired a new position in shares of NCI during the fourth quarter worth approximately $216,000. Dimensional Fund Advisors LP increased its position in shares of NCI by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 300,695 shares of the information technology services provider’s stock worth $4,195,000 after buying an additional 5,301 shares during the period. 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 during the period. Wedge Capital Management L L P NC increased its position in shares of NCI by 21.0% in the first quarter. Wedge Capital Management L L P NC now owns 46,700 shares of the information technology services provider’s stock worth $703,000 after buying an additional 8,100 shares during the period. Finally, LSV Asset Management increased its position in shares of NCI by 5.7% in the first quarter. LSV Asset Management now owns 72,201 shares of the information technology services provider’s stock worth $1,086,000 after buying an additional 3,903 shares during the period. 38.58% of the stock is owned by institutional investors.
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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