SG Americas Securities LLC lowered its holdings in shares of Navigant Consulting, Inc. (NYSE:NCI) by 68.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,146 shares of the business services provider’s stock after selling 65,134 shares during the quarter. SG Americas Securities LLC’s holdings in Navigant Consulting were worth $587,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in Navigant Consulting by 2.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 583,152 shares of the business services provider’s stock valued at $13,448,000 after purchasing an additional 12,631 shares during the last quarter. JPMorgan Chase & Co. raised its position in Navigant Consulting by 474.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 777,731 shares of the business services provider’s stock valued at $17,936,000 after purchasing an additional 642,249 shares during the last quarter. Teachers Advisors LLC raised its position in Navigant Consulting by 24.8% in the 3rd quarter. Teachers Advisors LLC now owns 120,033 shares of the business services provider’s stock valued at $2,768,000 after purchasing an additional 23,869 shares during the last quarter. Legal & General Group Plc raised its position in Navigant Consulting by 7.2% in the 3rd quarter. Legal & General Group Plc now owns 103,934 shares of the business services provider’s stock valued at $2,390,000 after purchasing an additional 6,936 shares during the last quarter. Finally, Morgan Stanley raised its position in Navigant Consulting by 24.3% in the 3rd quarter. Morgan Stanley now owns 677,981 shares of the business services provider’s stock valued at $15,635,000 after purchasing an additional 132,729 shares during the last quarter. 98.72% of the stock is currently owned by institutional investors.
Several analysts recently commented on the stock. Barrington Research reiterated a “buy” rating and issued a $28.00 price target on shares of Navigant Consulting in a research report on Thursday, April 18th. TheStreet downgraded shares of Navigant Consulting from a “b-” rating to a “c” rating in a research report on Friday, March 15th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $27.00.
NCI stock opened at $22.95 on Wednesday. Navigant Consulting, Inc. has a 12 month low of $18.85 and a 12 month high of $27.40. The firm has a market capitalization of $882.55 million, a P/E ratio of 48.83, a price-to-earnings-growth ratio of 1.80 and a beta of 0.75.
Navigant Consulting (NYSE:NCI) last released its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.18 EPS for the quarter, beating the consensus estimate of $0.08 by $0.10. Navigant Consulting had a net margin of 13.16% and a return on equity of 5.74%. The firm had revenue of $186.13 million during the quarter, compared to the consensus estimate of $178.87 million. As a group, equities analysts forecast that Navigant Consulting, Inc. will post 0.92 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, May 30th. This represents a $0.20 dividend on an annualized basis and a yield of 0.87%. Navigant Consulting’s payout ratio is currently 42.55%.
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About Navigant Consulting
Navigant Consulting, Inc provides professional services worldwide. It operates through three segments: Healthcare, Energy, and Financial Services Advisory and Compliance. The Healthcare segment offers consulting and business process management services to healthcare providers, payers, and life sciences companies.
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