Analysts Set NCI Inc. (NASDAQ:NCIT) Price Target at $15.50
NCI Inc. (NASDAQ:NCIT) has been given a consensus recommendation of “Buy” by the six ratings firms that are presently covering the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $15.50.
Separately, Zacks Investment Research raised NCI from a “sell” rating to a “hold” rating in a report on Tuesday.
In other news, CEO Brian J. Clark bought 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 29th. The stock was purchased at an average price of $11.10 per share, with a total value of $33,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 162,962 shares of the company’s stock, valued at approximately $1,808,878.20. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 45.36% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. BlackRock Investment Management LLC increased its stake in NCI by 2,578.3% in the second quarter. BlackRock Investment Management LLC now owns 25,230 shares of the company’s stock worth $354,000 after buying an additional 24,288 shares during the period. Vanguard Group Inc. increased its stake in NCI by 5.3% in the second quarter. Vanguard Group Inc. now owns 248,750 shares of the company’s stock worth $3,495,000 after buying an additional 12,449 shares during the period. Dimensional Fund Advisors LP increased its stake in NCI by 4.0% in the second quarter. Dimensional Fund Advisors LP now owns 291,552 shares of the company’s stock worth $4,096,000 after buying an additional 11,314 shares during the period. Nationwide Fund Advisors increased its stake in NCI by 11.1% in the second quarter. Nationwide Fund Advisors now owns 34,608 shares of the company’s stock worth $486,000 after buying an additional 3,455 shares during the period. Finally, Alambic Investment Management L.P. purchased a new stake in NCI during the second quarter worth approximately $162,000. 37.10% of the stock is owned by hedge funds and other institutional investors.
Shares of NCI (NASDAQ:NCIT) opened at 11.57 on Wednesday. The firm’s 50-day moving average is $11.70 and its 200 day moving average is $13.17. The company has a market capitalization of $156.24 million, a price-to-earnings ratio of 12.06 and a beta of 1.11. NCI has a 12 month low of $10.98 and a 12 month high of $17.18.
NCI (NASDAQ:NCIT) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. The business earned $81.90 million during the quarter, compared to the consensus estimate of $85.10 million. NCI had a return on equity of 12.39% and a net margin of 4.00%. The company’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter last year, the company earned $0.22 earnings per share. Equities analysts expect that NCI will post $0.94 EPS for the current year.
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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