Several other research firms also recently commented on NCIT. FBR & Co reiterated a hold rating and set a $11.00 target price on shares of NCI in a research report on Tuesday, April 4th. Cowen and Company reiterated a buy rating and set a $16.50 target price on shares of NCI in a research report on Monday, April 10th. Finally, Zacks Investment Research downgraded shares of NCI from a hold rating to a sell rating in a research report on Saturday, April 8th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of Buy and an average price target of $13.75.
Shares of NCI (NASDAQ:NCIT) traded up 3.59% during trading on Friday, hitting $17.30. 70,442 shares of the stock were exchanged. The firm has a market capitalization of $234.02 million, a P/E ratio of 38.70 and a beta of 1.02. The firm has a 50 day moving average price of $14.27 and a 200 day moving average price of $13.69. NCI has a 52 week low of $10.98 and a 52 week high of $17.50.
NCI (NASDAQ:NCIT) last posted its earnings results on Tuesday, May 9th. The information technology services provider reported $0.25 EPS for the quarter, topping the consensus estimate of $0.21 by $0.04. NCI had a net margin of 4.06% and a return on equity of 12.10%. The business had revenue of $78.75 million for the quarter, compared to the consensus estimate of $76.55 million. Analysts forecast that NCI will post $1.01 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of NCIT. Royce & Associates LP purchased a new position in shares of NCI during the first quarter worth about $7,663,000. PagnatoKarp Partners LLC purchased a new position in shares of NCI during the fourth quarter worth about $875,000. Renaissance Technologies LLC increased its position 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 period. Russell Investments Group Ltd. purchased a new position in shares of NCI during the fourth quarter worth about $216,000. Finally, State Street Corp increased its position 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 period. Hedge funds and other institutional investors own 34.36% of the company’s stock.
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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