NCI, Inc. (NCIT) Shares Sold by JPMorgan Chase & Co.
JPMorgan Chase & Co. decreased its stake in NCI, Inc. (NASDAQ:NCIT) by 38.4% during the first quarter, Holdings Channel reports. The fund owned 7,609 shares of the information technology services provider’s stock after selling 4,741 shares during the period. JPMorgan Chase & Co.’s holdings in NCI were worth $115,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Hancock Holding Co. bought a new stake in shares of NCI during the first quarter valued at about $189,000. Bank of New York Mellon Corp raised its stake in shares of NCI by 4.4% in the first quarter. Bank of New York Mellon Corp now owns 27,972 shares of the information technology services provider’s stock valued at $421,000 after buying an additional 1,184 shares during the last quarter. Algert Global LLC raised its stake in shares of 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 during the last quarter. LSV Asset Management raised its stake in shares of NCI by 5.7% in the first quarter. LSV Asset Management now owns 72,201 shares of the information technology services provider’s stock valued at $1,086,000 after buying an additional 3,903 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its stake 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 valued at $703,000 after buying an additional 8,100 shares during the last quarter. Institutional investors own 39.11% of the company’s stock.
NCI, Inc. (NCIT) opened at 20.00 on Wednesday. The company has a 50-day moving average of $20.17 and a 200 day moving average of $16.50. The company has a market capitalization of $271.02 million, a P/E ratio of 44.74 and a beta of 1.01. NCI, Inc. has a 12-month low of $10.98 and a 12-month high of $21.40.
NCI (NASDAQ:NCIT) last announced its earnings results 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 1.79% and a return on equity of 10.77%. The business had revenue of $78.75 million during the quarter, compared to analysts’ expectations of $76.55 million. Equities research analysts forecast that NCI, Inc. will post $1.00 earnings per share for the current fiscal year.
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Several equities research analysts have recently issued reports on the stock. Cowen and Company restated a “buy” rating and set a $24.00 price target on shares of NCI in a research note on Monday, July 3rd. SunTrust Banks, Inc. lowered shares of NCI from a “buy” rating to a “hold” rating and decreased their price target for the stock from $24.00 to $20.00 in a research note on Monday, July 3rd. Noble Financial reaffirmed a “buy” rating on shares of NCI in a report on Wednesday, June 14th. ValuEngine raised shares of NCI from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research raised shares of NCI from a “sell” rating to a “hold” rating in a report on Saturday, May 13th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. NCI has an average rating of “Hold” and a consensus price target of $18.33.
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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