NCI Inc. (NASDAQ:NCIT) CEO Brian J. Clark bought 3,000 shares of the business’s stock in a transaction dated Thursday, September 29th. The stock was purchased at an average price of $11.10 per share, with a total value of $33,300.00. Following the purchase, the chief executive officer now directly owns 162,962 shares of the company’s stock, valued at approximately $1,808,878.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
NCI Inc. (NASDAQ:NCIT) opened at 11.57 on Friday. NCI Inc. has a 52-week low of $10.98 and a 52-week high of $17.18. The company has a market cap of $156.24 million, a PE ratio of 12.06 and a beta of 1.11. The company has a 50-day moving average of $11.70 and a 200 day moving average of $13.17.
NCI (NASDAQ:NCIT) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.23 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.23. NCI had a net margin of 4.00% and a return on equity of 12.39%. The company had revenue of $81.90 million for the quarter, compared to analyst estimates of $85.10 million. During the same period last year, the firm earned $0.22 earnings per share. The firm’s revenue was down 4.5% on a year-over-year basis. Equities research analysts predict that NCI Inc. will post $0.94 EPS for the current year.
Separately, Zacks Investment Research upgraded shares of NCI from a “sell” rating to a “hold” rating in a research note 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 company currently has a consensus rating of “Buy” and an average target price of $14.70.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NCIT. Acrospire Investment Management LLC purchased a new position in NCI during the first quarter worth $107,000. O Shaughnessy Asset Management LLC raised its stake in shares of NCI by 423.5% in the second quarter. O Shaughnessy Asset Management LLC now owns 7,988 shares of the company’s stock valued at $112,000 after buying an additional 6,462 shares in the last quarter. Teachers Advisors Inc. bought a new stake in shares of NCI during the second quarter valued at approximately $129,000. Schwab Charles Investment Management Inc. bought a new stake in shares of NCI during the second quarter valued at approximately $141,000. Finally, AXA raised its stake in shares of 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. 37.10% of the stock is currently owned by institutional investors.
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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