Spark Investment Management LLC Sells 4,900 Shares of NCI, Inc. (NCIT)
Spark Investment Management LLC decreased its position in NCI, Inc. (NASDAQ:NCIT) by 32.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,000 shares of the information technology services provider’s stock after selling 4,900 shares during the period. Spark Investment Management LLC owned about 0.07% of NCI worth $150,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Hancock Holding Co. acquired a new position in NCI during the first quarter worth $189,000. Bank of New York Mellon Corp raised its position in NCI by 4.4% in the first quarter. Bank of New York Mellon Corp now owns 27,972 shares of the information technology services provider’s stock worth $421,000 after buying an additional 1,184 shares during the last quarter. Algert Global LLC raised its position in 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 last quarter. LSV Asset Management raised its position in NCI by 5.7% in the first quarter. LSV Asset Management now owns 72,201 shares of the information technology services provider’s stock worth $1,086,000 after buying an additional 3,903 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its position in NCI by 21.0% in the first quarter. Wedge Capital Management L L P NC now owns 46,700 shares of the information technology services provider’s stock worth $703,000 after buying an additional 8,100 shares during the last quarter. Hedge funds and other institutional investors own 39.04% of the company’s stock.
NCI, Inc. (NASDAQ:NCIT) opened at 20.10 on Monday. NCI, Inc. has a 52 week low of $10.98 and a 52 week high of $21.00. The firm’s 50-day moving average is $18.08 and its 200-day moving average is $14.94. The stock has a market capitalization of $272.38 million, a P/E ratio of 44.97 and a beta of 0.98.
NCI (NASDAQ:NCIT) last issued its quarterly earnings data on Tuesday, May 9th. The information technology services provider reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.04. NCI had a net margin of 2.13% and a return on equity of 11.73%. The firm had revenue of $78.75 million for the quarter, compared to analysts’ expectations of $76.55 million. On average, equities research analysts predict that NCI, Inc. will post $1.01 EPS for the current fiscal year.
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A number of research firms recently weighed in on NCIT. Noble Financial restated a “buy” rating on shares of NCI in a research report on Wednesday, June 14th. Cowen and Company set a $24.00 price target on shares of NCI and gave the stock a “buy” rating in a research report on Thursday, June 8th. ValuEngine upgraded shares of NCI from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of NCI from a “sell” rating to a “hold” rating in a research report on Saturday, May 13th. Finally, FBR & Co restated a “hold” rating and set a $11.00 price target on shares of NCI in a research report on Tuesday, April 4th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. NCI has a consensus rating of “Buy” and an average price target of $17.50.
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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