Cowen and Company Analysts Give NCI, Inc. (NCIT) a $24.00 Price Target

Cowen and Company set a $24.00 target price on NCI, Inc. (NASDAQ:NCIT) in a report published on Thursday morning. The firm currently has a buy rating on the information technology services provider’s stock.

Several other research firms have also recently commented on NCIT. Noble Financial restated a buy rating on shares of NCI in a research note on Friday, May 12th. SunTrust Banks, Inc. restated a buy rating on shares of NCI in a research note on Monday, June 26th. Zacks Investment Research upgraded NCI from a sell rating to a hold rating in a research note on Saturday, May 13th. Finally, ValuEngine upgraded NCI from a hold rating to a buy rating in a research note on Friday, June 2nd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $18.33.

NCI (NASDAQ:NCIT) traded up 0.25% on Thursday, hitting $20.00. 79,351 shares of the stock were exchanged. The stock’s 50 day moving average price is $20.07 and its 200 day moving average price is $16.90. The firm has a market cap of $272.32 million, a PE ratio of 46.51 and a beta of 1.01. NCI has a 52-week low of $10.98 and a 52-week high of $21.40.

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Large investors have recently added to or reduced their stakes in the company. FMR LLC boosted its stake in NCI by 21.2% in the second quarter. FMR LLC now owns 928,957 shares of the information technology services provider’s stock valued at $19,601,000 after buying an additional 162,257 shares during the period. Royce & Associates LP boosted its position in NCI by 33.0% in the second quarter. Royce & Associates LP now owns 677,231 shares of the information technology services provider’s stock valued at $14,290,000 after buying an additional 168,089 shares during the last quarter. Renaissance Technologies LLC boosted its position in NCI by 5.2% in the first quarter. Renaissance Technologies LLC now owns 404,799 shares of the information technology services provider’s stock valued at $6,092,000 after buying an additional 20,074 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in NCI by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 312,805 shares of the information technology services provider’s stock valued at $6,600,000 after buying an additional 9,066 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in NCI by 6.7% in the first quarter. Geode Capital Management LLC now owns 90,650 shares of the information technology services provider’s stock valued at $1,364,000 after buying an additional 5,688 shares during the last quarter. Institutional investors and hedge funds own 38.58% 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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