NCI, Inc. (NCIT) Earns Buy Rating from SunTrust Banks, Inc.
NCI, Inc. (NASDAQ:NCIT)‘s stock had its “buy” rating restated by stock analysts at SunTrust Banks, Inc. in a report issued on Monday.
Other equities research analysts also recently issued reports about the company. Noble Financial reaffirmed a “buy” rating on shares of NCI in a report on Friday, May 12th. Cowen and Company reissued a “buy” rating and issued a $16.50 target price on shares of NCI in a report on Monday, April 10th. ValuEngine raised NCI from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research raised NCI from a “sell” rating to a “hold” rating in a report on Saturday, May 13th. Finally, FBR & Co reissued a “hold” rating and issued a $11.00 target price on shares of NCI in a report on Tuesday, April 4th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. NCI currently has a consensus rating of “Buy” and a consensus price target of $17.50.
Shares of NCI (NCIT) traded up 1.72% during mid-day trading on Monday, hitting $20.75. The company had a trading volume of 7,564 shares. NCI has a 12-month low of $10.98 and a 12-month high of $21.00. The firm’s 50 day moving average is $18.39 and its 200-day moving average is $15.07. The firm has a market cap of $281.18 million, a PE ratio of 46.42 and a beta of 0.98.
NCI (NASDAQ:NCIT) last released its quarterly earnings data on Tuesday, May 9th. The information technology services provider reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. The company had revenue of $78.75 million for the quarter, compared to the consensus estimate of $76.55 million. NCI had a return on equity of 11.73% and a net margin of 2.13%. On average, equities analysts expect that NCI will post $1.01 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of NCIT. Royce & Associates LP purchased a new position in NCI during the first quarter valued at about $7,663,000. Renaissance Technologies LLC boosted 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 valued at $6,092,000 after buying an additional 20,074 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of 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 last quarter. Vanguard Group Inc. boosted its stake in shares of 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 last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of 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 last quarter. 39.04% of the stock is currently owned by hedge funds and other 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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