NCI, Inc. (NCIT) Stock Rating Reaffirmed by SunTrust Banks, Inc.

NCI, Inc. (NASDAQ:NCIT)‘s stock had its “buy” rating reaffirmed by equities researchers at SunTrust Banks, Inc. in a report issued on Monday.

A number of other brokerages have also recently weighed in on NCIT. Noble Financial reissued a “buy” rating on shares of NCI in a research note on Wednesday, June 14th. Cowen and Company set a $24.00 price target on NCI and gave the stock a “buy” rating in a research note on Thursday, June 8th. ValuEngine raised NCI from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research raised NCI from a “sell” rating to a “hold” rating in a research note on Saturday, May 13th. Finally, FBR & Co reissued a “hold” rating and issued a $11.00 price target on shares of NCI in a research note on Tuesday, April 4th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $17.50.

NCI (NCIT) opened at 20.25 on Monday. NCI has a 1-year low of $10.98 and a 1-year high of $21.00. The firm has a market cap of $274.41 million, a price-to-earnings ratio of 45.30 and a beta of 0.98. The firm has a 50-day moving average price of $18.39 and a 200 day moving average price of $15.07.

NCI (NASDAQ:NCIT) last issued its quarterly earnings results on Tuesday, May 9th. The information technology services provider reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.04. The firm had revenue of $78.75 million for the quarter, compared to analysts’ expectations of $76.55 million. NCI had a return on equity of 11.73% and a net margin of 2.13%. Equities analysts predict that NCI will post $1.01 earnings per share for the current year.

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A number of institutional investors have recently added to or reduced their stakes in the stock. Royce & Associates LP acquired a new position in NCI during the first quarter valued at $7,663,000. Renaissance Technologies LLC boosted its position in NCI by 5.2% in the first quarter. Renaissance Technologies LLC now owns 404,799 shares of the information technology services provider’s stock valued at $6,092,000 after buying an additional 20,074 shares during the period. Dimensional Fund Advisors LP boosted its position 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 valued at $4,571,000 after buying an additional 3,044 shares during the period. Vanguard Group Inc. boosted its position in NCI by 3.5% in the first quarter. Vanguard Group Inc. now owns 301,397 shares of the information technology services provider’s stock valued at $4,536,000 after buying an additional 10,151 shares during the period. Finally, Geode Capital Management LLC boosted its position in NCI by 6.7% in the first quarter. Geode Capital Management LLC now owns 90,650 shares of the information technology services provider’s stock valued at $1,364,000 after buying an additional 5,688 shares during the period. 39.04% of the stock is currently owned by institutional investors.

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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