NCI, Inc. (NCIT) Downgraded by SunTrust Banks, Inc. to Hold

SunTrust Banks, Inc. lowered shares of NCI, Inc. (NASDAQ:NCIT) from a buy rating to a hold rating in a research note published on Monday, July 3rd, Marketbeat reports. They currently have $20.00 price objective on the information technology services provider’s stock, down from their previous price objective of $24.00.

Several other research firms also recently commented on NCIT. Noble Financial reaffirmed a buy rating on shares of NCI in a report on Friday, May 12th. Zacks Investment Research raised shares of NCI from a sell rating to a hold rating in a report on Saturday, May 13th. Cowen and Company reaffirmed a buy rating and issued a $16.50 price objective on shares of NCI in a report on Monday, April 10th. FBR & Co reiterated a hold rating and issued a $11.00 target price on shares of NCI in a research note on Tuesday, April 4th. Finally, ValuEngine upgraded shares of NCI from a hold rating to a buy rating in a research note on Friday, June 2nd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $18.33.

NCI (NASDAQ NCIT) traded up 0.25% during mid-day trading on Monday, hitting $19.95. The stock had a trading volume of 57,815 shares. NCI has a 1-year low of $10.98 and a 1-year high of $21.40. The firm has a market cap of $270.34 million, a P/E ratio of 44.63 and a beta of 1.05. The stock has a 50 day moving average of $19.55 and a 200-day moving average of $15.41.

NCI (NASDAQ:NCIT) last released its earnings results on Tuesday, May 9th. The information technology services provider reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.04. NCI had a net margin of 2.13% and a return on equity of 11.73%. The firm had revenue of $78.75 million during the quarter, compared to the consensus estimate of $76.55 million. Analysts predict that NCI will post $1.00 EPS for the current fiscal year.

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Several large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new stake in shares of NCI during the fourth quarter worth $216,000. Dimensional Fund Advisors LP boosted its position in shares of NCI by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 300,695 shares of the information technology services provider’s stock worth $4,195,000 after buying an additional 5,301 shares during the period. Renaissance Technologies LLC boosted its position in shares of NCI by 2.5% in the fourth quarter. Renaissance Technologies LLC now owns 384,725 shares of the information technology services provider’s stock worth $5,367,000 after buying an additional 9,225 shares during the period. Teachers Advisors LLC boosted its position in shares of NCI by 44.1% in the fourth quarter. Teachers Advisors LLC now owns 13,212 shares of the information technology services provider’s stock valued at $184,000 after buying an additional 4,044 shares during the period. Finally, Wedge Capital Management L L P NC boosted its position in shares of NCI by 21.0% in the first quarter. Wedge Capital Management L L P NC now owns 46,700 shares of the information technology services provider’s stock valued at $703,000 after buying an additional 8,100 shares during the period. 39.04% of the stock is currently owned by hedge funds and other 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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