NCI Inc (NCIT) Given a $24.00 Price Target at Cowen and Company
Cowen and Company set a $24.00 price target on NCI Inc (NASDAQ:NCIT) in a research note released on Thursday. The brokerage currently has a buy rating on the information technology services provider’s stock.
A number of other research firms have also commented on NCIT. ValuEngine raised NCI from a hold rating to a buy rating in a report on Friday, June 2nd. Zacks Investment Research raised NCI from a sell rating to a hold rating in a report on Saturday, May 13th. Noble Financial reissued a buy rating on shares of NCI in a report on Friday, May 12th. Finally, FBR & Co reissued a hold rating and issued a $11.00 target price on shares of NCI in a report on Tuesday, April 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $17.50.
Shares of NCI (NASDAQ:NCIT) traded up 0.25% during mid-day trading on Thursday, hitting $20.10. The stock had a trading volume of 27,772 shares. NCI has a 1-year low of $10.98 and a 1-year high of $20.89. The firm has a market capitalization of $272.38 million, a PE ratio of 44.97 and a beta of 1.02. The stock’s 50-day moving average is $17.06 and its 200-day moving average is $14.64.
NCI (NASDAQ:NCIT) last posted its earnings results on Tuesday, May 9th. The information technology services provider reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.04. The business had revenue of $78.75 million during the quarter, compared to analyst estimates of $76.55 million. NCI had a return on equity of 12.10% and a net margin of 4.06%. Equities analysts expect that NCI will post $1.01 earnings per share for the current year.
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Institutional investors have recently added to or reduced their stakes in the company. ClariVest Asset Management LLC increased its position in 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. Hancock Holding Co. purchased a new position in NCI during the first quarter worth about $189,000. Bank of New York Mellon Corp increased its position in 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 worth $421,000 after buying an additional 1,184 shares during the period. Algert Global LLC increased 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 worth $183,000 after buying an additional 1,180 shares during the period. Finally, LSV Asset Management increased 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. Hedge funds and other institutional investors own 34.36% of the company’s stock.
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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