NCI Inc. (NASDAQ:NCIT) CEO Brian J. Clark acquired 3,000 shares of the business’s stock in a transaction dated Thursday, September 29th. The shares were bought at an average cost of $11.10 per share, for a total transaction of $33,300.00. Following the transaction, the chief executive officer now directly owns 162,962 shares of the company’s stock, valued at approximately $1,808,878.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
NCI Inc. (NASDAQ:NCIT) opened at 11.57 on Friday. The company’s 50 day moving average is $11.70 and its 200-day moving average is $13.17. NCI Inc. has a 52 week low of $10.98 and a 52 week high of $17.18. The firm has a market cap of $156.24 million, a P/E ratio of 12.06 and a beta of 1.11.
NCI (NASDAQ:NCIT) last released its earnings results on Wednesday, July 27th. The company reported $0.23 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23. The firm earned $81.90 million during the quarter, compared to analysts’ expectations of $85.10 million. NCI had a net margin of 4.00% and a return on equity of 12.39%. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.22 EPS. Equities analysts expect that NCI Inc. will post $0.94 earnings per share for the current year.
Separately, Zacks Investment Research raised NCI from a “sell” rating to a “hold” rating in a research report on Wednesday, August 24th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $14.70.
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Fund Advisors boosted its position in NCI by 1,086.5% in the second quarter. BlackRock Fund Advisors now owns 157,754 shares of the company’s stock valued at $2,216,000 after buying an additional 144,458 shares during the last quarter. Dalton Greiner Hartman Maher & Co. bought a new position in NCI during the second quarter valued at approximately $1,053,000. Ativo Capital Management LLC bought a new position in NCI during the second quarter valued at approximately $1,016,000. State Street Corp bought a new position in NCI during the second quarter valued at approximately $626,000. Finally, BlackRock Institutional Trust Company N.A. boosted its position in NCI by 17.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 238,711 shares of the company’s stock valued at $3,354,000 after buying an additional 35,777 shares during the last quarter. Hedge funds and other institutional investors own 37.10% of the company’s stock.
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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