NCI Inc (NCIT) Given Average Rating of “Hold” by Analysts
Shares of NCI Inc (NASDAQ:NCIT) have been given an average recommendation of “Hold” by the six research firms that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $18.33.
A number of brokerages recently commented on NCIT. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of NCI in a report on Monday, June 26th. Noble Financial reissued a “buy” rating on shares of NCI in a report on Wednesday, June 14th. Cowen and Company set a $24.00 price objective on NCI and gave the stock a “buy” rating in a research note on Thursday, June 8th. Finally, Zacks Investment Research cut NCI from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th.
NCI (NASDAQ:NCIT) traded up inf% on Wednesday, reaching $20.00. 79,351 shares of the company were exchanged. The firm 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.
A number of large investors have recently bought and sold shares of NCIT. The Manufacturers Life Insurance Company lifted its position in shares of 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 acquiring an additional 5,536 shares in the last quarter. State Street Corp boosted its stake in NCI by 23.2% in the 2nd quarter. State Street Corp now owns 79,471 shares of the information technology services provider’s stock worth $1,676,000 after purchasing an additional 14,978 shares during the period. Cornerstone Capital Management Holdings LLC. bought a new position in NCI in the 2nd quarter worth approximately $297,000. Hillsdale Investment Management Inc. bought a new position in NCI in the 2nd quarter worth approximately $605,000. Finally, OxFORD Asset Management LLP bought a new position in NCI in the 2nd quarter worth approximately $1,425,000. 38.58% of the stock is currently owned by institutional investors and hedge funds.
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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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