Noble Financial Reiterates “Buy” Rating for NCI Inc (NCIT)
NCI Inc (NASDAQ:NCIT)‘s stock had its “buy” rating reiterated by Noble Financial in a report issued on Friday, May 12th.
Several other equities analysts have also issued reports on the stock. Zacks Investment Research lowered shares of NCI from a “hold” rating to a “sell” rating in a report on Saturday, April 8th. Cowen and Company reiterated a “buy” rating and set a $16.50 target price on shares of NCI in a research note on Monday, April 10th. Finally, FBR & Co reiterated a “hold” rating and set a $11.00 target price on shares of NCI in a research note on Tuesday, April 4th.
Shares of NCI (NASDAQ:NCIT) opened at 19.20 on Friday. The firm has a market capitalization of $260.18 million, a PE ratio of 42.95 and a beta of 1.02. NCI has a 12-month low of $10.98 and a 12-month high of $19.60. The company’s 50-day moving average price is $15.33 and its 200 day moving average price is $14.16.
NCI (NASDAQ:NCIT) last released its quarterly earnings data on Tuesday, May 9th. The information technology services provider reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.04. The firm had revenue of $78.75 million for the quarter, compared to the consensus estimate of $76.55 million. NCI had a return on equity of 12.10% and a net margin of 4.06%. On average, equities analysts forecast that NCI will post $1.01 earnings per share for the current year.
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Hedge funds have recently made changes to their positions in the stock. Stanley Laman Group Ltd. raised its stake in shares of NCI by 5.5% in the third quarter. Stanley Laman Group Ltd. now owns 13,329 shares of the information technology services provider’s stock valued at $154,000 after buying an additional 700 shares during the period. Algert Global LLC increased its position in shares of NCI by 10.8% in the first quarter. Algert Global LLC now owns 12,155 shares of the information technology services provider’s stock worth $183,000 after buying an additional 1,180 shares during the period. Teachers Advisors LLC increased its position in shares of NCI by 44.1% in the fourth quarter. Teachers Advisors LLC now owns 13,212 shares of the information technology services provider’s stock worth $184,000 after buying an additional 4,044 shares during the period. Hancock Holding Co. bought a new stake in NCI during the first quarter worth about $189,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of NCI during the fourth quarter worth approximately $216,000. Institutional investors and hedge funds own 34.36% of the company’s stock.
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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