3.9% Stake of NCI Inc (NCIT) Owned by Heartland Advisors Inc

Heartland Advisors Inc

stated that they own 3.9% of NCI Inc (NASDAQ:NCIT) in a Form 13G/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Tuesday, June 6th. The investor owns 350,000 shares of the stock valued at $7,000,000. The reporting parties listed on the disclosure included Heartland Advisors, Inc and William J Nasgovitz. The filing is available through the SEC website at this link.

Heartland Advisors Inc

provided the following explanation of their ownership:

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Several other hedge funds have also recently added to or reduced their stakes in NCIT. ClariVest Asset Management LLC increased its stake in NCI by 5.3% in the first quarter. ClariVest Asset Management LLC now owns 14,464 shares of the information technology services provider’s stock worth $217,000 after buying an additional 727 shares during the last quarter. Algert Global LLC increased 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. Bank of New York Mellon Corp increased its stake in NCI by 4.4% in the first quarter. Bank of New York Mellon Corp now owns 27,972 shares of the information technology services provider’s stock worth $421,000 after buying an additional 1,184 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in NCI by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 303,739 shares of the information technology services provider’s stock worth $4,571,000 after buying an additional 3,044 shares during the last quarter. Finally, LSV Asset Management increased its stake in 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 last quarter. Institutional investors and hedge funds own 34.36% of the company’s stock.

Institutional Ownership by Quarter for NCI (NASDAQ:NCIT)

NCI Inc (NASDAQ:NCIT) traded up 1.52% during mid-day trading on Tuesday, hitting $20.00. The stock had a trading volume of 52,943 shares. NCI Inc has a one year low of $10.98 and a one year high of $20.25. The firm’s 50-day moving average is $16.50 and its 200 day moving average is $14.51. The stock has a market cap of $271.02 million, a PE ratio of 44.74 and a beta of 1.02.

NCI (NASDAQ:NCIT) last released its earnings results on Tuesday, May 9th. The information technology services provider reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. NCI had a net margin of 4.06% and a return on equity of 12.10%. The company had revenue of $78.75 million during the quarter, compared to the consensus estimate of $76.55 million. Equities research analysts expect that NCI Inc will post $1.01 EPS for the current year.

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A number of research firms have recently commented on NCIT. Zacks Investment Research downgraded NCI from a “hold” rating to a “sell” rating in a report on Saturday, April 8th. FBR & Co restated a “hold” rating and set a $11.00 price objective on shares of NCI in a report on Tuesday, April 4th. Noble Financial restated a “buy” rating on shares of NCI in a report on Friday, May 12th. Cowen and Company restated a “buy” rating and set a $16.50 price objective on shares of NCI in a report on Monday, April 10th. Finally, ValuEngine upgraded NCI from a “hold” rating to a “buy” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. NCI presently has an average rating of “Buy” and an average target price of $13.75.

About NCI

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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