Dimensional Fund Advisors LP raised its position in NCI Inc (NASDAQ:NCIT) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 312,805 shares of the information technology services provider’s stock after purchasing an additional 9,066 shares during the quarter. Dimensional Fund Advisors LP owned 2.31% of NCI worth $6,600,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. EAM Investors LLC acquired a new stake in NCI in the second quarter valued at approximately $661,000. FMR LLC raised its holdings in shares of NCI by 21.2% during the second quarter. FMR LLC now owns 928,957 shares of the information technology services provider’s stock worth $19,601,000 after purchasing an additional 162,257 shares during the last quarter. Northern Trust Corp raised its holdings in shares of NCI by 14.1% during the second quarter. Northern Trust Corp now owns 82,632 shares of the information technology services provider’s stock worth $1,744,000 after purchasing an additional 10,224 shares during the last quarter. Citigroup Inc. raised its holdings in shares of NCI by 32.0% during the second quarter. Citigroup Inc. now owns 8,782 shares of the information technology services provider’s stock worth $185,000 after purchasing an additional 2,128 shares during the last quarter. Finally, New York State Common Retirement Fund increased its holdings in NCI by 89.8% in the second quarter. New York State Common Retirement Fund now owns 6,550 shares of the information technology services provider’s stock valued at $138,000 after buying an additional 3,099 shares in the last quarter. 38.58% of the stock is currently owned by institutional investors.
Shares of NCI Inc (NASDAQ NCIT) traded up $0.05 on Wednesday, reaching $20.00. 79,300 shares of the company traded hands, compared to its average volume of 62,540. NCI Inc has a 1 year low of $10.98 and a 1 year high of $21.40.
A number of research analysts have weighed in on NCIT shares. Cowen set a $24.00 price objective on shares of NCI and gave the company a “buy” rating in a report on Thursday, August 17th. Zacks Investment Research lowered shares of NCI from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. NCI presently has an average rating of “Hold” and an average target price of $18.33.
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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