NCI, Inc. (NCIT) Receives Average Rating of “Hold” from Brokerages

Shares of NCI, Inc. (NASDAQ:NCIT) have earned an average rating of “Hold” from the six ratings firms that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $18.33.

NCIT has been the subject of a number of recent analyst reports. Noble Financial reaffirmed a “buy” rating on shares of NCI in a research report on Friday, May 12th. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of NCI in a research report on Monday, June 26th. Zacks Investment Research raised NCI from a “sell” rating to a “hold” rating in a research report on Saturday, May 13th. Cowen and Company reaffirmed a “buy” rating and set a $24.00 price target on shares of NCI in a research report on Monday, July 3rd. Finally, ValuEngine raised NCI from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NCIT. New York State Common Retirement Fund raised its position in 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 last quarter. Algert Global LLC raised 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 last quarter. Teachers Advisors LLC raised its position in 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 last quarter. Citigroup Inc. raised its position in 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 last quarter. Finally, Hancock Holding Co. acquired a new position in NCI during the first quarter worth approximately $189,000. 38.58% of the stock is owned by institutional investors and hedge funds.

NCI (NASDAQ NCIT) opened at 19.95 on Tuesday. NCI has a one year low of $10.98 and a one year high of $21.40. The firm’s 50 day moving average price is $20.10 and its 200-day moving average price is $16.85. The company has a market capitalization of $271.64 million, a PE ratio of 46.40 and a beta of 1.01.

About NCI

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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