NCI, Inc. (NASDAQ:NCIT)‘s stock had its “buy” rating reiterated by equities research analysts at Cowen and Company in a research note issued to investors on Thursday. They presently have a $24.00 price target on the information technology services provider’s stock. Cowen and Company’s target price would suggest a potential upside of 20.00% from the company’s previous close.

Other analysts have also issued reports about the company. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of NCI in a research note on Monday, June 26th. Noble Financial reaffirmed a “buy” rating on shares of NCI in a research note on Wednesday, June 14th. ValuEngine raised NCI from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research lowered NCI from a “buy” rating to a “hold” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $18.33.

Shares of NCI (NCIT) traded up 0.25% on Thursday, hitting $20.00. The company had a trading volume of 79,351 shares. The company has a market capitalization of $272.32 million, a price-to-earnings ratio of 46.51 and a beta of 1.01. NCI has a 52 week low of $10.98 and a 52 week high of $21.40. The stock’s 50-day moving average is $20.07 and its 200 day moving average is $16.90.

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A number of institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in 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. 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 worth $184,000 after buying an additional 4,044 shares during the period. Russell Investments Group Ltd. raised its position in 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 during the period. 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 period. Finally, 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 period. 38.58% of the stock is currently owned by institutional investors.

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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