NCI Inc (NCIT) Rating Increased to Buy at ValuEngine
NCI Inc (NASDAQ:NCIT) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday.
Other research analysts also recently issued reports about the stock. Noble Financial reiterated a “buy” rating on shares of NCI in a research note on Friday, May 12th. Cowen and Company reiterated a “buy” rating and set a $16.50 price objective on shares of NCI in a research note on Monday, April 10th. Zacks Investment Research upgraded shares of NCI from a “sell” rating to a “hold” rating in a research note on Saturday, May 13th. Finally, FBR & Co reiterated a “hold” rating and set a $11.00 price objective on shares of NCI in a research note on Tuesday, April 4th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $13.75.
Shares of NCI (NASDAQ:NCIT) traded up 0.52% during midday trading on Friday, hitting $19.50. 47,721 shares of the stock were exchanged. The firm has a 50 day moving average of $16.21 and a 200 day moving average of $14.39. NCI has a 12-month low of $10.98 and a 12-month high of $19.75. The firm has a market cap of $264.24 million, a P/E ratio of 43.62 and a beta of 1.02.
NCI (NASDAQ:NCIT) last posted its quarterly earnings data on Tuesday, May 9th. The information technology services provider reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.04. NCI had a net margin of 4.06% and a return on equity of 12.10%. The firm had revenue of $78.75 million for the quarter, compared to the consensus estimate of $76.55 million. Equities analysts forecast that NCI will post $1.01 EPS for the current fiscal year.
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Several hedge funds have recently modified their holdings of NCIT. Royce & Associates LP acquired a new stake in shares of NCI during the first quarter worth $7,663,000. Renaissance Technologies LLC boosted its stake in shares of NCI by 5.2% in the first quarter. Renaissance Technologies LLC now owns 404,799 shares of the information technology services provider’s stock worth $6,092,000 after buying an additional 20,074 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of NCI by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 303,739 shares of the information technology services provider’s stock worth $4,571,000 after buying an additional 3,044 shares during the period. Vanguard Group Inc. boosted its stake in shares of NCI by 3.5% in the first quarter. Vanguard Group Inc. now owns 301,397 shares of the information technology services provider’s stock worth $4,536,000 after buying an additional 10,151 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of NCI by 6.7% in the first quarter. Geode Capital Management LLC now owns 90,650 shares of the information technology services provider’s stock worth $1,364,000 after buying an additional 5,688 shares during the period. 34.36% of the stock is currently owned by institutional investors.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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