Cowen and Company reiterated their buy rating on shares of NCI, Inc. (NASDAQ:NCIT) in a research report report published on Monday, July 3rd. Cowen and Company currently has a $24.00 price target on the information technology services provider’s stock.

A number of other research firms also recently issued reports on NCIT. FBR & Co reiterated a hold rating and set a $11.00 price target on shares of NCI in a research report on Tuesday, April 4th. Zacks Investment Research upgraded shares of NCI from a sell rating to a hold rating in a research report on Saturday, May 13th. Noble Financial reissued a buy rating on shares of NCI in a research note on Wednesday, June 14th. SunTrust Banks, Inc. cut shares of NCI from a buy rating to a hold rating and dropped their price objective for the stock from $24.00 to $20.00 in a research note on Monday, July 3rd. Finally, ValuEngine raised shares of NCI from a hold rating to a buy rating in a research note on Friday, June 2nd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. NCI presently has a consensus rating of Hold and an average target price of $18.33.

NCI (NASDAQ:NCIT) traded up 0.25% during mid-day trading on Monday, hitting $20.00. 87,296 shares of the stock were exchanged. NCI has a 1-year low of $10.98 and a 1-year high of $21.40. The stock has a 50 day moving average price of $19.55 and a 200 day moving average price of $15.41. The company has a market capitalization of $271.02 million, a PE ratio of 44.74 and a beta of 1.04.

NCI (NASDAQ:NCIT) last announced its earnings results on Tuesday, May 9th. The information technology services provider reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.04. The business had revenue of $78.75 million during the quarter, compared to the consensus estimate of $76.55 million. NCI had a net margin of 2.13% and a return on equity of 11.73%. On average, equities analysts anticipate that NCI will post $1.00 earnings per share for the current fiscal year.

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Several institutional investors have recently bought and sold shares of the stock. LSV Asset Management raised its position in shares of 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 in the last quarter. Russell Investments Group Ltd. raised its position in shares of NCI by 30.1% in the first quarter. Russell Investments Group Ltd. now owns 20,040 shares of the information technology services provider’s stock worth $302,000 after buying an additional 4,632 shares in the last quarter. Teachers Advisors LLC raised 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 in the last quarter. Hancock Holding Co. purchased a new position in shares of NCI during the first quarter worth approximately $189,000. Finally, Renaissance Technologies LLC raised its position in shares of NCI by 2.5% in the fourth quarter. Renaissance Technologies LLC now owns 384,725 shares of the information technology services provider’s stock worth $5,367,000 after buying an additional 9,225 shares in the last quarter. Institutional investors and hedge funds own 39.04% 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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