Zacks Investment Research downgraded shares of NCI, Inc. (NASDAQ:NCIT) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning.

According to Zacks, “NCI, Inc. is a leading provider of information technology services and solutions to U.S. federal government agencies. NCI’s award-winning expertise encompasses areas critical to its customers’ mission objectives including enterprise systems management, information assurance, network engineering, and systems development and integration. “

Other equities analysts have also issued research reports about the stock. SunTrust Banks, Inc. restated a buy rating on shares of NCI in a research report on Monday, June 26th. 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. Finally, ValuEngine upgraded shares of NCI from a hold rating to a buy rating in a research report on Friday, June 2nd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $18.33.

Shares of NCI (NASDAQ NCIT) opened at 20.00 on Tuesday. The firm has a market cap of $272.32 million, a PE ratio of 46.51 and a beta of 1.01. 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 of $20.07 and a 200 day moving average of $16.90.

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Several institutional investors have recently added to or reduced their stakes in NCIT. New York State Common Retirement Fund raised its position in NCI by 89.8% in the second quarter. New York State Common Retirement Fund now owns 6,550 shares of the information technology services provider’s stock valued at $138,000 after buying an additional 3,099 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in NCI by 324.3% in the second quarter. The Manufacturers Life Insurance Company now owns 7,243 shares of the information technology services provider’s stock valued at $154,000 after buying an additional 5,536 shares in 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 valued at $183,000 after buying an additional 1,180 shares in the last quarter. Teachers Advisors LLC raised its position in NCI by 44.1% in the fourth quarter. Teachers Advisors LLC now owns 13,212 shares of the information technology services provider’s stock valued at $184,000 after buying an additional 4,044 shares in the last quarter. Finally, Citigroup Inc. raised its position in NCI by 32.0% in the second quarter. Citigroup Inc. now owns 8,782 shares of the information technology services provider’s stock valued at $185,000 after buying an additional 2,128 shares in the last quarter. Institutional investors and hedge funds own 38.58% of the company’s stock.

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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