Noble Financial Reaffirms Hold Rating for NCI, Inc. (NASDAQ:NCIT)
NCI, Inc. (NASDAQ:NCIT)‘s stock had its “hold” rating reiterated by stock analysts at Noble Financial in a research report issued on Thursday.
A number of other brokerages have also commented on NCIT. SunTrust Banks, Inc. reissued a “buy” rating on shares of NCI in a report on Monday, June 26th. Zacks Investment Research raised NCI from a “sell” rating to a “hold” rating in a report on Saturday, May 13th. Cowen and Company reaffirmed a “buy” rating and set a $24.00 target price on shares of NCI in a report on Monday. FBR & Co reaffirmed a “hold” rating and set a $11.00 target price on shares of NCI in a report on Tuesday, April 4th. Finally, ValuEngine raised NCI from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $18.33.
Shares of NCI (NCIT) remained flat at $20.05 during midday trading on Thursday. The company’s stock had a trading volume of 174,887 shares. NCI has a 52 week low of $10.98 and a 52 week high of $21.40. The firm’s 50 day moving average price is $19.55 and its 200 day moving average price is $15.41. The stock has a market capitalization of $271.70 million, a PE ratio of 44.85 and a beta of 1.05.
NCI (NASDAQ:NCIT) last issued its earnings results on Tuesday, May 9th. The information technology services provider reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.04. The firm had revenue of $78.75 million for the quarter, compared to analyst estimates of $76.55 million. NCI had a return on equity of 11.73% and a net margin of 2.13%. Equities research analysts forecast that NCI will post $1.00 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NCIT. Royce & Associates LP purchased a new position in NCI during the first quarter worth about $7,663,000. Renaissance Technologies LLC raised 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 worth $6,092,000 after buying an additional 20,074 shares during the period. Dimensional Fund Advisors LP raised 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 worth $4,571,000 after buying an additional 3,044 shares during the period. Geode Capital Management LLC raised 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 worth $1,364,000 after buying an additional 5,688 shares during the period. Finally, LSV Asset Management raised its position 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 period. 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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