Ativo Capital Management LLC Maintains Position in NCI, Inc. (NCIT)
Ativo Capital Management LLC maintained its position in NCI, Inc. (NASDAQ:NCIT) during the first quarter, Holdings Channel reports. The fund owned 72,334 shares of the information technology services provider’s stock at the end of the first quarter. Ativo Capital Management LLC’s holdings in NCI were worth $1,089,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of NCIT. Geode Capital Management LLC raised its position in 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 valued at $1,364,000 after buying an additional 5,688 shares during the last quarter. Vanguard Group Inc. raised its position in NCI by 3.5% in the first quarter. Vanguard Group Inc. now owns 301,397 shares of the information technology services provider’s stock valued at $4,536,000 after buying an additional 10,151 shares during the last quarter. Royce & Associates LP acquired a new position in NCI during the first quarter valued at approximately $7,663,000. ClariVest Asset Management LLC raised 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 valued at $217,000 after buying an additional 727 shares during the last quarter. Finally, Hancock Holding Co. acquired a new position in NCI during the first quarter valued at approximately $189,000. Hedge funds and other institutional investors own 39.04% of the company’s stock.
NCI, Inc. (NCIT) traded up 3.06% during mid-day trading on Monday, hitting $20.20. 47,838 shares of the stock were exchanged. NCI, Inc. has a 52 week low of $10.98 and a 52 week high of $20.89. The stock has a market cap of $182.85 million, a price-to-earnings ratio of 45.91 and a beta of 0.98. The company has a 50 day moving average price of $17.22 and a 200 day moving average price of $14.69.
NCI (NASDAQ:NCIT) last announced its quarterly earnings results on Tuesday, May 9th. The information technology services provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.21 by $0.04. NCI had a return on equity of 11.73% and a net margin of 2.13%. The company had revenue of $78.75 million for the quarter, compared to the consensus estimate of $76.55 million. Analysts expect that NCI, Inc. will post $1.01 EPS for the current fiscal year.
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Several research analysts recently commented on the stock. Cowen and Company set a $24.00 price target on shares of NCI and gave the company a “buy” rating in a report on Thursday. ValuEngine upgraded shares of NCI from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded shares of NCI from a “sell” rating to a “hold” rating in a report on Saturday, May 13th. Noble Financial restated a “buy” rating on shares of NCI in a report on Friday, May 12th. Finally, FBR & Co restated a “hold” rating and issued a $11.00 price target on shares of NCI in a report on Tuesday, April 4th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $17.50.
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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