NCI, Inc. (NCIT) Stock Rating Reaffirmed by Cowen and Company
NCI, Inc. (NASDAQ:NCIT)‘s stock had its “buy” rating reiterated by equities researchers at Cowen and Company in a research note issued on Thursday. They presently have a $24.00 target price on the information technology services provider’s stock. Cowen and Company’s price objective would indicate a potential upside of 20.00% from the stock’s current price.
A number of other equities analysts also recently issued reports on NCIT. Zacks Investment Research cut NCI from a “buy” rating to a “hold” rating in a research note on Tuesday. Noble Financial restated a “buy” rating on shares of NCI in a research note on Wednesday, June 14th. SunTrust Banks, Inc. cut NCI from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $24.00 to $20.00 in a research note on Monday, July 3rd. Finally, ValuEngine upgraded NCI from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $18.33.
Shares of NCI (NASDAQ NCIT) traded up 0.25% during mid-day trading on Thursday, reaching $20.00. 79,351 shares of the company’s stock traded hands. NCI has a 12-month low of $10.98 and a 12-month high of $21.40. The company has a market cap of $272.32 million, a P/E ratio of 46.51 and a beta of 1.01. The firm has a 50-day moving average of $20.07 and a 200 day moving average of $16.90.
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Several hedge funds and other institutional investors have recently made changes to their positions in NCIT. New York State Common Retirement Fund raised its stake in NCI by 89.8% in the second quarter. New York State Common Retirement Fund now owns 6,550 shares of the information technology services provider’s stock valued at $138,000 after buying an additional 3,099 shares during the period. The Manufacturers Life Insurance Company raised its stake in NCI by 324.3% in the second quarter. The Manufacturers Life Insurance Company now owns 7,243 shares of the information technology services provider’s stock valued at $154,000 after buying an additional 5,536 shares during the period. Algert Global LLC raised its stake in NCI by 10.8% in the first quarter. Algert Global LLC now owns 12,155 shares of the information technology services provider’s stock valued at $183,000 after buying an additional 1,180 shares during the period. Teachers Advisors LLC raised its stake in NCI by 44.1% in the fourth quarter. Teachers Advisors LLC now owns 13,212 shares of the information technology services provider’s stock valued at $184,000 after buying an additional 4,044 shares during the period. Finally, Citigroup Inc. raised its stake in NCI by 32.0% in the second quarter. Citigroup Inc. now owns 8,782 shares of the information technology services provider’s stock valued at $185,000 after buying an additional 2,128 shares during the period. 38.58% of the stock is currently owned by institutional investors and hedge funds.
NCI Company Profile
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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