Cowen and Company Reaffirms “Buy” Rating for NCI, Inc. (NCIT)
NCI, Inc. (NASDAQ:NCIT)‘s stock had its “buy” rating reiterated by research analysts at Cowen and Company in a research report issued on Monday. They currently have a $24.00 price objective on the information technology services provider’s stock. Cowen and Company’s target price suggests a potential upside of 13.74% from the company’s current price.
Other equities research analysts have also issued research reports about the stock. Noble Financial restated a “buy” rating on shares of NCI in a report on Friday, May 12th. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of NCI in a research report on Monday, June 26th. ValuEngine raised shares of NCI from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research raised shares of NCI from a “sell” rating to a “hold” rating in a research report on Saturday, May 13th. Finally, FBR & Co reaffirmed a “hold” rating and issued a $11.00 price objective on shares of NCI in a research report on Tuesday, April 4th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. NCI presently has a consensus rating of “Buy” and an average price target of $17.50.
NCI (NASDAQ NCIT) traded down 4.98% during midday trading on Monday, hitting $20.05. The stock had a trading volume of 836,058 shares. The company has a 50-day moving average of $19.55 and a 200-day moving average of $15.41. The stock has a market cap of $271.70 million, a price-to-earnings ratio of 44.85 and a beta of 1.04. NCI has a 1-year low of $10.98 and a 1-year high of $21.40.
NCI (NASDAQ:NCIT) last announced 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. NCI had a net margin of 2.13% and a return on equity of 11.73%. The company had revenue of $78.75 million during the quarter, compared to analyst estimates of $76.55 million. Equities research analysts forecast that NCI will post $1.01 EPS for the current year.
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Hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. acquired a new stake in NCI during the first quarter valued at approximately $432,000. Renaissance Technologies LLC increased its stake 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 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 valued at $4,571,000 after buying an additional 3,044 shares during the period. Globeflex Capital L P increased its stake in NCI by 40.3% in the first quarter. Globeflex Capital L P now owns 40,372 shares of the information technology services provider’s stock valued at $608,000 after buying an additional 11,600 shares during the period. Finally, Geode Capital Management LLC increased its stake 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.
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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