Navigant Consulting Inc. (NCI) Sees Strong Trading Volume
Navigant Consulting Inc. (NYSE:NCI) saw strong trading volume on Thursday . 277,492 shares were traded during trading, an increase of 23% from the previous session’s volume of 225,127 shares.The stock last traded at $19.38 and had previously closed at $19.20.
Separately, Zacks Investment Research lowered shares of Navigant Consulting from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th.
The stock has a market cap of $911.03 million and a price-to-earnings ratio of 17.16. The stock has a 50-day moving average of $18.37 and a 200-day moving average of $16.23.
Navigant Consulting (NYSE:NCI) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.07. During the same period last year, the company earned $0.26 EPS. The firm earned $238.49 million during the quarter, compared to analysts’ expectations of $231.24 million. The business’s quarterly revenue was up 13.0% on a year-over-year basis. On average, equities research analysts anticipate that Navigant Consulting Inc. will post $1.15 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of NCI. Dimensional Fund Advisors LP boosted its stake 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 valued at $52,946,000 after buying an additional 319,595 shares during the period. Schroder Investment Management Group purchased a new stake in Navigant Consulting during the fourth quarter valued at $1,740,000. Principal Financial Group Inc. boosted its stake in Navigant Consulting by 45.8% in the fourth quarter. Principal Financial Group Inc. now owns 842,804 shares of the company’s stock valued at $13,536,000 after buying an additional 264,724 shares during the period. Bank of Montreal Can boosted its stake 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 valued at $1,709,000 after buying an additional 105,362 shares during the period. Finally, California Public Employees Retirement System boosted its stake in Navigant Consulting by 2.7% in the fourth quarter. California Public Employees Retirement System now owns 183,310 shares of the company’s stock valued at $2,944,000 after buying an additional 4,900 shares during the period.
Navigant Consulting, Inc (Navigant) is a global professional services firm. The Company serves clients in the healthcare, energy and financial services industries. The Company operates in four segments: Disputes, Investigations & Economics; Financial, Risk & Compliance; Healthcare, and Energy. The Disputes, Investigations & Economics segment’s professional services include valuation and economic analysis, as well as accounting, regulatory, construction and computer forensic expertise.
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