State Street Corp Grows Holdings in Navigant Consulting, Inc. (NCI)

State Street Corp raised its position in Navigant Consulting, Inc. (NYSE:NCI) by 4.3% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,215,519 shares of the business services provider’s stock after acquiring an additional 50,505 shares during the period. State Street Corp owned about 2.60% of Navigant Consulting worth $24,019,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NCI. Flinton Capital Management LLC lifted its stake in Navigant Consulting by 59.5% in the 2nd quarter. Flinton Capital Management LLC now owns 6,290 shares of the business services provider’s stock valued at $124,000 after acquiring an additional 2,346 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Navigant Consulting by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 6,908 shares of the business services provider’s stock valued at $137,000 after acquiring an additional 1,036 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Navigant Consulting by 79.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 9,328 shares of the business services provider’s stock valued at $184,000 after acquiring an additional 4,128 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Navigant Consulting in the 2nd quarter valued at approximately $212,000. Finally, Russell Investments Group Ltd. lifted its stake in Navigant Consulting by 32.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 10,771 shares of the business services provider’s stock valued at $213,000 after acquiring an additional 2,616 shares in the last quarter. Hedge funds and other institutional investors own 91.79% of the company’s stock.

In other news, EVP Monica M. Weed sold 14,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $14.78, for a total transaction of $206,920.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Randy H. Zwirn sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $17.46, for a total value of $87,300.00. Following the sale, the director now owns 21,226 shares in the company, valued at approximately $370,605.96. The disclosure for this sale can be found here. Corporate insiders own 2.32% of the company’s stock.

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NCI has been the topic of a number of analyst reports. BidaskClub cut Navigant Consulting from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. ValuEngine cut Navigant Consulting from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Zacks Investment Research upgraded Navigant Consulting from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.00.

Shares of Navigant Consulting, Inc. (NYSE:NCI) opened at $17.80 on Wednesday. Navigant Consulting, Inc. has a 12 month low of $14.62 and a 12 month high of $27.86. The stock has a market capitalization of $812.32, a P/E ratio of 15.94, a PEG ratio of 1.10 and a beta of 0.86. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.26 and a current ratio of 2.26.

Navigant Consulting (NYSE:NCI) last announced its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). Navigant Consulting had a return on equity of 8.25% and a net margin of 4.35%. The company had revenue of $262.30 million for the quarter, compared to the consensus estimate of $241.77 million. During the same quarter in the prior year, the company earned $0.37 EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. research analysts forecast that Navigant Consulting, Inc. will post 1.2 earnings per share for the current year.

Navigant Consulting Company Profile

Navigant Consulting, Inc is a global professional services company. The Company serves clients in the healthcare, energy and financial services industries. It operates through four segments. The Healthcare segment provides consulting services and business process management services. The Energy segment provides advisory solutions in business strategy and planning, distributed energy resources and renewables, energy efficiency and demand response and grid modernization The Financial Services Advisory and Compliance segment provides strategic, operational, valuation, risk management, investigative and compliance advisory services to clients primarily in the financial services industry.

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Institutional Ownership by Quarter for Navigant Consulting (NYSE:NCI)

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