NCI Inc. (NASDAQ:NCIT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.
According to Zacks, “NCI, Inc. is a leading provider of information technology services and solutions to U.S. federal government agencies. NCI’s award-winning expertise encompasses areas critical to its customers’ mission objectives including enterprise systems management, information assurance, network engineering, and systems development and integration. “
Shares of NCI (NASDAQ:NCIT) opened at 11.19 on Tuesday. NCI has a 12 month low of $10.98 and a 12 month high of $17.18. The firm’s 50-day moving average price is $11.78 and its 200-day moving average price is $13.20. The firm has a market cap of $151.11 million, a PE ratio of 11.67 and a beta of 1.11.
NCI (NASDAQ:NCIT) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. NCI had a net margin of 4.00% and a return on equity of 12.39%. The company earned $81.90 million during the quarter, compared to the consensus estimate of $85.10 million. During the same quarter in the prior year, the firm posted $0.22 earnings per share. NCI’s revenue for the quarter was down 4.5% on a year-over-year basis. Analysts expect that NCI will post $0.94 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in NCIT. A.R.T. Advisors LLC increased its position in NCI by 7.8% in the second quarter. A.R.T. Advisors LLC now owns 11,025 shares of the company’s stock valued at $154,000 after buying an additional 800 shares in the last quarter. Eagle Global Advisors LLC increased its position in NCI by 2.7% in the second quarter. Eagle Global Advisors LLC now owns 42,029 shares of the company’s stock valued at $591,000 after buying an additional 1,110 shares in the last quarter. Nationwide Fund Advisors increased its position in NCI by 11.1% in the second quarter. Nationwide Fund Advisors now owns 34,608 shares of the company’s stock valued at $486,000 after buying an additional 3,455 shares in the last quarter. AXA increased its position in NCI by 79.2% in the first quarter. AXA now owns 10,769 shares of the company’s stock valued at $151,000 after buying an additional 4,758 shares in the last quarter. Finally, Hillsdale Investment Management Inc. increased its position in NCI by 17.2% in the second quarter. Hillsdale Investment Management Inc. now owns 34,140 shares of the company’s stock valued at $480,000 after buying an additional 5,000 shares in the last quarter. Institutional investors own 37.10% 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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