Navigant Consulting, Inc. (NCI) Shares Bought by Legal & General Group Plc
Legal & General Group Plc raised its position in shares of Navigant Consulting, Inc. (NYSE:NCI) by 5.9% during the first quarter, Holdings Channel reports. The fund owned 82,459 shares of the business services provider’s stock after buying an additional 4,587 shares during the period. Legal & General Group Plc’s holdings in Navigant Consulting were worth $1,885,000 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. State of Alaska Department of Revenue increased its position in Navigant Consulting by 1.4% in the first quarter. State of Alaska Department of Revenue now owns 5,200 shares of the business services provider’s stock worth $118,000 after buying an additional 70 shares during the last quarter. Victory Capital Management Inc. increased its position in Navigant Consulting by 6.6% in the first quarter. Victory Capital Management Inc. now owns 5,872 shares of the business services provider’s stock worth $134,000 after buying an additional 362 shares during the last quarter. USA Financial Portformulas Corp acquired a new position in Navigant Consulting during the fourth quarter worth approximately $248,000. Mason Street Advisors LLC increased its position in Navigant Consulting by 6.7% in the first quarter. Mason Street Advisors LLC now owns 10,968 shares of the business services provider’s stock worth $251,000 after buying an additional 684 shares during the last quarter. Finally, Dubuque Bank & Trust Co. acquired a new position in Navigant Consulting during the first quarter worth approximately $274,000. Institutional investors and hedge funds own 92.14% of the company’s stock.
Navigant Consulting, Inc. (NCI) opened at 19.87 on Wednesday. The company’s 50-day moving average price is $19.78 and its 200-day moving average price is $22.23. Navigant Consulting, Inc. has a 1-year low of $17.11 and a 1-year high of $27.86. The stock has a market cap of $938.82 million, a P/E ratio of 17.13 and a beta of 0.86.
Navigant Consulting (NYSE:NCI) last released its quarterly earnings results on Wednesday, May 3rd. The business services provider reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. Navigant Consulting had a return on equity of 9.83% and a net margin of 5.53%. The business had revenue of $236.20 million for the quarter, compared to analysts’ expectations of $241.52 million. During the same quarter in the previous year, the firm posted $0.27 earnings per share. The company’s revenue was up 5.7% compared to the same quarter last year. Analysts predict that Navigant Consulting, Inc. will post $1.15 EPS for the current year.
Navigant Consulting declared that its board has approved a stock buyback program on Wednesday, May 3rd that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the business services provider to reacquire up to 9.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
WARNING: This report was first reported by Daily Political and is owned by of Daily Political. If you are accessing this report on another website, it was stolen and republished in violation of United States & international trademark and copyright legislation. The legal version of this report can be viewed at https://www.dailypolitical.com/2017/07/19/navigant-consulting-inc-nci-shares-bought-by-legal-general-group-plc.html.
NCI has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Navigant Consulting from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Tuesday, April 18th. TheStreet downgraded Navigant Consulting from a “b” rating to a “c+” rating in a report on Friday, May 12th. Finally, Cowen and Company increased their price objective on Navigant Consulting from $16.50 to $24.00 and gave the company an “outperform” rating in a report on Friday, June 9th.
About Navigant Consulting
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.
Want to see what other hedge funds are holding NCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Navigant Consulting, Inc. (NYSE:NCI).
Receive News & Ratings for Navigant Consulting Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navigant Consulting Inc. and related companies with MarketBeat.com's FREE daily email newsletter.