Allianz Asset Management GmbH lowered its holdings in Navigant Consulting, Inc. (NYSE:NCI) by 21.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 330,742 shares of the business services provider’s stock after selling 92,864 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.72% of Navigant Consulting worth $5,596,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NCI. Vanguard Group Inc. lifted its stake in shares of Navigant Consulting by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 4,377,585 shares of the business services provider’s stock valued at $86,500,000 after purchasing an additional 139,759 shares during the period. Boston Partners lifted its stake in shares of Navigant Consulting by 2.8% in the 3rd quarter. Boston Partners now owns 1,297,717 shares of the business services provider’s stock valued at $21,957,000 after purchasing an additional 34,956 shares during the period. State Street Corp lifted its stake in shares of Navigant Consulting by 4.3% in the 2nd quarter. State Street Corp now owns 1,215,519 shares of the business services provider’s stock valued at $24,019,000 after purchasing an additional 50,505 shares during the period. Macquarie Group Ltd. purchased a new position in shares of Navigant Consulting in the 3rd quarter valued at approximately $19,124,000. Finally, Tributary Capital Management LLC lifted its stake in shares of Navigant Consulting by 21.8% in the 3rd quarter. Tributary Capital Management LLC now owns 1,067,121 shares of the business services provider’s stock valued at $18,056,000 after purchasing an additional 190,698 shares during the period. Institutional investors and hedge funds own 90.93% of the company’s stock.
A number of research analysts have recently commented on the company. Zacks Investment Research upgraded Navigant Consulting from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. TheStreet upgraded Navigant Consulting from a “c+” rating to a “b-” rating in a research note on Monday, November 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Navigant Consulting presently has a consensus rating of “Hold” and an average price target of $24.00.
In other Navigant Consulting news, Director Randy H. Zwirn sold 5,000 shares of Navigant Consulting stock in a transaction on Friday, November 10th. The stock was sold at an average price of $17.46, for a total transaction of $87,300.00. Following the completion of the transaction, the director now owns 21,226 shares in the company, valued at $370,605.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.32% of the stock is currently owned by insiders.
Shares of Navigant Consulting, Inc. (NYSE NCI) traded up $0.29 during trading hours on Thursday, reaching $19.69. The company’s stock had a trading volume of 413,335 shares, compared to its average volume of 253,954. The stock has a market capitalization of $890.85, a PE ratio of 21.17, a price-to-earnings-growth ratio of 1.12 and a beta of 0.90. Navigant Consulting, Inc. has a 1-year low of $14.62 and a 1-year high of $25.55. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.27.
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 the Zacks’ consensus estimate of $0.31 by ($0.01). The company had revenue of $262.30 million for the quarter, compared to analysts’ expectations of $241.77 million. Navigant Consulting had a net margin of 4.35% and a return on equity of 8.25%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.37 EPS. sell-side analysts predict that Navigant Consulting, Inc. will post 1.2 EPS for the current fiscal year.
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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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