Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Navigant Consulting, Inc. (NYSE:NCI) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 9,559 shares of the business services provider’s stock, valued at approximately $212,000.

Other large investors also recently bought and sold shares of the company. Summit Trail Advisors LLC acquired a new position in shares of Navigant Consulting during the 1st quarter worth approximately $114,000. Koch Industries Inc. acquired a new position in shares of Navigant Consulting during the 1st quarter worth approximately $199,000. Pitcairn Co. acquired a new position in shares of Navigant Consulting during the 1st quarter worth approximately $214,000. Piedmont Investment Advisors LLC acquired a new position in shares of Navigant Consulting during the 2nd quarter worth approximately $233,000. Finally, First Mercantile Trust Co. increased its position in shares of Navigant Consulting by 37.5% during the 1st quarter. First Mercantile Trust Co. now owns 13,540 shares of the business services provider’s stock worth $260,000 after purchasing an additional 3,690 shares during the last quarter. 92.94% of the stock is currently owned by hedge funds and other institutional investors.

NCI has been the topic of several recent analyst reports. ValuEngine raised Navigant Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, May 12th. Barrington Research reaffirmed a “buy” rating on shares of Navigant Consulting in a research report on Tuesday, June 26th. Zacks Investment Research raised Navigant Consulting from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Tuesday, July 3rd. Finally, William Blair downgraded Navigant Consulting from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 2nd. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $27.50.

In other news, EVP Lee A. Spirer sold 19,800 shares of Navigant Consulting stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $24.08, for a total transaction of $476,784.00. Following the completion of the transaction, the executive vice president now directly owns 87,446 shares in the company, valued at approximately $2,105,699.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Monica M. Weed sold 23,775 shares of Navigant Consulting stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $24.67, for a total value of $586,529.25. The disclosure for this sale can be found here. Insiders have sold a total of 48,575 shares of company stock valued at $1,185,663 over the last quarter. 2.75% of the stock is currently owned by corporate insiders.

Shares of NYSE NCI opened at $24.43 on Friday. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.21. Navigant Consulting, Inc. has a 12 month low of $15.09 and a 12 month high of $25.85. The company has a market cap of $1.09 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 4.18 and a beta of 0.88.

Navigant Consulting (NYSE:NCI) last issued its earnings results on Thursday, August 2nd. The business services provider reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.17. Navigant Consulting had a return on equity of 9.45% and a net margin of 9.05%. The company had revenue of $252.40 million during the quarter, compared to the consensus estimate of $241.73 million. During the same period in the previous year, the company posted $0.24 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. research analysts expect that Navigant Consulting, Inc. will post 0.43 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Friday, September 7th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, September 6th. This represents a $0.20 annualized dividend and a dividend yield of 0.82%. Navigant Consulting’s dividend payout ratio is currently 18.35%.

Navigant Consulting Profile

Navigant Consulting, Inc provides professional services to corporate executives and senior management, corporate counsel, law firms, corporate boards, special committees, and governmental agencies worldwide. It operates through four segments: Healthcare; Energy; Financial Services Advisory and Compliance; and Disputes, Forensics and Legal Technology.

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Institutional Ownership by Quarter for Navigant Consulting (NYSE:NCI)

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