Fmr LLC decreased its position in shares of NCI, Inc. (NASDAQ:NCIT) by 3.6% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 766,700 shares of the information technology services provider’s stock after selling 28,900 shares during the period. Fmr LLC owned 5.66% of NCI worth $11,539,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new position in shares of NCI during the fourth quarter worth about $216,000. Dimensional Fund Advisors LP boosted its position in shares of NCI by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 300,695 shares of the information technology services provider’s stock worth $4,195,000 after buying an additional 5,301 shares during the period. Renaissance Technologies LLC boosted 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 during the period. Teachers Advisors LLC boosted 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. Finally, Wedge Capital Management L L P NC boosted its position in shares of 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 period. 39.04% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NCI, Inc. (NASDAQ:NCIT) opened at 19.95 on Monday. NCI, Inc. has a 1-year low of $10.98 and a 1-year high of $21.40. The company has a 50 day moving average price of $20.18 and a 200 day moving average price of $16.03. The company has a market capitalization of $270.34 million, a PE ratio of 44.63 and a beta of 1.04.

NCI (NASDAQ:NCIT) last issued its quarterly earnings results on Tuesday, May 9th. The information technology services provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.21 by $0.04. The company had revenue of $78.75 million for 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%. Equities analysts predict that NCI, Inc. will post $1.00 EPS for the current fiscal year.

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A number of research analysts have recently issued reports on NCIT shares. FBR & Co reaffirmed a “hold” rating and set a $11.00 price objective on shares of NCI in a research note on Tuesday, April 4th. Zacks Investment Research cut NCI from a “hold” rating to a “sell” rating in a research note on Saturday, April 8th. Cowen and Company reaffirmed a “buy” rating and set a $16.50 price objective on shares of NCI in a research note on Monday, April 10th. Noble Financial reaffirmed a “buy” rating on shares of NCI in a research note on Friday, May 12th. Finally, ValuEngine raised 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 issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $18.33.

About NCI

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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Institutional Ownership by Quarter for NCI (NASDAQ:NCIT)

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