Hillsdale Investment Management Inc. Buys New Stake in NCI Inc (NCIT)
Hillsdale Investment Management Inc. bought a new position in NCI Inc (NASDAQ:NCIT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 28,690 shares of the information technology services provider’s stock, valued at approximately $605,000. Hillsdale Investment Management Inc. owned 0.21% of NCI at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. New York State Common Retirement Fund boosted its position in shares of 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 worth $138,000 after buying an additional 3,099 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. Citigroup Inc. boosted its position in shares of NCI by 32.0% in the second quarter. Citigroup Inc. now owns 8,782 shares of the information technology services provider’s stock worth $185,000 after buying an additional 2,128 shares during the period. ClariVest Asset Management LLC boosted its position in shares of NCI by 5.3% in the first quarter. ClariVest Asset Management LLC now owns 14,464 shares of the information technology services provider’s stock worth $217,000 after buying an additional 727 shares during the period. Finally, Eagle Global Advisors LLC purchased a new stake in shares of NCI in the second quarter worth about $266,000. 38.58% of the stock is owned by institutional investors.
Several brokerages have recently weighed in on NCIT. Cowen and Company reaffirmed a “buy” rating and issued a $24.00 target price on shares of NCI in a research report on Monday, July 3rd. SunTrust Banks, Inc. downgraded NCI from a “buy” rating to a “hold” rating and decreased their target price for the stock from $24.00 to $20.00 in a research report on Monday, July 3rd. Noble Financial reaffirmed a “buy” rating on shares of NCI in a research report on Wednesday, June 14th. Zacks Investment Research downgraded NCI from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. Finally, ValuEngine raised NCI from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $18.33.
Shares of NCI Inc (NASDAQ NCIT) opened at 20.00 on Friday. The stock has a 50 day moving average price of $20.07 and a 200 day moving average price of $16.90. NCI Inc has a 12 month low of $10.98 and a 12 month high of $21.40.
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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