NCI Inc (NCIT) Given Average Rating of “Hold” by Analysts
Shares of NCI Inc (NASDAQ:NCIT) have earned a consensus rating of “Hold” from the six brokerages that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $18.33.
NCIT has been the topic of several research reports. Noble Financial restated a “buy” rating on shares of NCI in a report on Friday, May 12th. SunTrust Banks, Inc. restated a “buy” rating on shares of NCI in a report on Monday, June 26th. Zacks Investment Research upgraded shares of NCI from a “sell” rating to a “hold” rating in a report on Saturday, May 13th. Cowen and Company set a $24.00 target price on shares of NCI and gave the stock a “buy” rating in a report on Thursday, August 17th. Finally, ValuEngine upgraded shares of NCI from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NCIT. Royce & Associates LP bought a new position in NCI in the first quarter worth approximately $7,663,000. FMR LLC raised its position in NCI by 21.2% in the second quarter. FMR LLC now owns 928,957 shares of the information technology services provider’s stock worth $19,601,000 after acquiring an additional 162,257 shares during the period. Kennedy Capital Management Inc. bought a new position in NCI in the second quarter worth approximately $1,735,000. OxFORD Asset Management LLP bought a new position in NCI in the second quarter worth approximately $1,425,000. Finally, Algert Global LLC raised its position in NCI by 527.3% in the second quarter. Algert Global LLC now owns 76,251 shares of the information technology services provider’s stock worth $1,609,000 after acquiring an additional 64,096 shares during the period. Institutional investors and hedge funds own 38.58% of the company’s stock.
Shares of NCI (NASDAQ:NCIT) opened at 20.00 on Friday. The company has a 50 day moving average of $20.07 and a 200-day moving average of $16.90. NCI has a 12-month low of $10.98 and a 12-month high of $21.40.
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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