Shares of NCI Inc. (NASDAQ:NCIT) have been given a consensus recommendation of “Buy” by the six research firms that are presently covering the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $15.50.
Separately, Zacks Investment Research raised shares of NCI from a “sell” rating to a “hold” rating in a research report on Wednesday, August 24th.
In other NCI news, CEO Brian J. Clark acquired 3,000 shares of the firm’s stock in a transaction on Thursday, September 29th. The stock was acquired at an average cost of $11.10 per share, for a total transaction of $33,300.00. Following the purchase, the chief executive officer now owns 162,962 shares in the company, valued at approximately $1,808,878.20. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 45.36% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. BlackRock Fund Advisors boosted its stake in shares of 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. acquired a new stake in shares of NCI during the second quarter valued at approximately $1,053,000. Ativo Capital Management LLC acquired a new stake in shares of NCI during the second quarter valued at approximately $1,016,000. State Street Corp acquired a new stake in shares of NCI during the second quarter valued at approximately $626,000. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of 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. Institutional investors and hedge funds own 37.10% of the company’s stock.
NCI (NASDAQ:NCIT) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23. NCI had a net margin of 4.00% and a return on equity of 12.39%. The firm had revenue of $81.90 million for the quarter, compared to the consensus estimate of $85.10 million. During the same quarter in the previous year, the firm earned $0.22 EPS. The company’s quarterly revenue was down 4.5% compared to the same quarter last year.
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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