Zacks Investment Research Upgrades NCI Inc. (NCIT) to “Hold”
NCI Inc. (NASDAQ:NCIT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.
According to Zacks, “NCI, Inc. is a leading provider of information technology services and solutions to U.S. federal government agencies. NCI’s award-winning expertise encompasses areas critical to its customers’ mission objectives including enterprise systems management, information assurance, network engineering, and systems development and integration. “
Shares of NCI (NASDAQ:NCIT) opened at 11.19 on Tuesday. The company has a market capitalization of $151.11 million, a P/E ratio of 11.67 and a beta of 1.11. The firm has a 50-day moving average price of $11.78 and a 200 day moving average price of $13.20. NCI has a 12-month low of $10.98 and a 12-month high of $17.18.
NCI (NASDAQ:NCIT) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.23. NCI had a return on equity of 12.39% and a net margin of 4.00%. The business had revenue of $81.90 million for the quarter, compared to the consensus estimate of $85.10 million. During the same period last year, the business posted $0.22 EPS. The business’s revenue was down 4.5% compared to the same quarter last year. On average, equities research analysts predict that NCI will post $0.94 earnings per share for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. bought a new position in shares of NCI during the second quarter worth about $141,000. Hillsdale Investment Management Inc. boosted its stake in NCI by 17.2% in the second quarter. Hillsdale Investment Management Inc. now owns 34,140 shares of the company’s stock worth $480,000 after buying an additional 5,000 shares during the last quarter. Panagora Asset Management Inc. acquired a new stake in NCI during the second quarter worth $320,000. A.R.T. Advisors LLC boosted its stake in NCI by 7.8% in the second quarter. A.R.T. Advisors LLC now owns 11,025 shares of the company’s stock worth $154,000 after buying an additional 800 shares during the last quarter. Finally, Eagle Global Advisors LLC boosted its stake in NCI by 2.7% in the second quarter. Eagle Global Advisors LLC now owns 42,029 shares of the company’s stock worth $591,000 after buying an additional 1,110 shares during the last quarter. Institutional investors and hedge funds own 37.10% of the company’s stock.
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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