Navigant Consulting Inc. (NCI) Trading 1.4% Higher
Navigant Consulting Inc. (NYSE:NCI) shares traded up 1.4% during trading on Wednesday . The company traded as high as $17.50 and last traded at $17.36, with a volume of 178,274 shares. The stock had previously closed at $17.12.
Separately, Zacks Investment Research lowered shares of Navigant Consulting from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 19th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $17.00.
The stock’s 50-day moving average price is $16.19 and its 200 day moving average price is $15.65. The firm has a market capitalization of $823.15 million and a price-to-earnings ratio of 17.65.
Navigant Consulting (NYSE:NCI) last posted its earnings results on Tuesday, April 26th. The company reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.05. The company had revenue of $223.50 million for the quarter, compared to analysts’ expectations of $222.81 million. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 EPS. Equities research analysts expect that Navigant Consulting Inc. will post $1.14 earnings per share for the current year.
In other Navigant Consulting news, Director James R. Thompson sold 5,233 shares of Navigant Consulting stock in a transaction dated Thursday, April 28th. The stock was sold at an average price of $15.90, for a total transaction of $83,204.70. Following the completion of the transaction, the director now owns 87,882 shares of the company’s stock, valued at approximately $1,397,323.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of hedge funds and institutional investors recently bought and sold shares of NCI. Dimensional Fund Advisors LP raised its position in Navigant Consulting by 10.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,296,675 shares of the company’s stock worth $52,946,000 after buying an additional 319,595 shares during the last quarter. Schroder Investment Management Group bought a new position in Navigant Consulting during the fourth quarter worth $1,740,000. Principal Financial Group Inc. raised its position in Navigant Consulting by 45.8% in the fourth quarter. Principal Financial Group Inc. now owns 842,804 shares of the company’s stock worth $13,536,000 after buying an additional 264,724 shares during the last quarter. Wells Fargo & Company MN raised its position in Navigant Consulting by 8.8% in the fourth quarter. Wells Fargo & Company MN now owns 78,296 shares of the company’s stock worth $1,257,000 after buying an additional 6,309 shares during the last quarter. Finally, Bank of Montreal Can raised its position in Navigant Consulting by 9,902.4% in the fourth quarter. Bank of Montreal Can now owns 106,426 shares of the company’s stock worth $1,709,000 after buying an additional 105,362 shares during the last quarter.
Navigant Consulting, Inc is an independent professional services firm. The Company serves clients primarily in the healthcare, energy and financial services sectors. Its professional service offerings include strategic, financial, operational, technology, risk management, compliance, investigative solutions, dispute resolution services and business process management services.