Dimensional Fund Advisors LP raised its stake in shares of Navigant Consulting Inc. (NYSE:NCI) by 8.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,906,835 shares of the company’s stock after buying an additional 300,277 shares during the period. Dimensional Fund Advisors LP owned 8.24% of Navigant Consulting worth $63,093,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. Victory Capital Management Inc. raised its position in shares of Navigant Consulting by 77.2% in the second quarter. Victory Capital Management Inc. now owns 6,227 shares of the company’s stock valued at $101,000 after buying an additional 2,713 shares during the last quarter. Teacher Retirement System of Texas raised its position in Navigant Consulting by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 6,643 shares of the company’s stock worth $107,000 after buying an additional 799 shares in the last quarter. Royal Bank of Canada raised its position in Navigant Consulting by 27.0% in the first quarter. Royal Bank of Canada now owns 12,664 shares of the company’s stock worth $200,000 after buying an additional 2,691 shares in the last quarter. Acrospire Investment Management LLC purchased a new position in Navigant Consulting during the first quarter worth approximately $229,000. Finally, BNP Paribas Arbitrage SA raised its position in Navigant Consulting by 101.8% in the second quarter. BNP Paribas Arbitrage SA now owns 15,280 shares of the company’s stock worth $247,000 after buying an additional 7,708 shares in the last quarter. 91.63% of the stock is currently owned by hedge funds and other institutional investors.
Navigant Consulting Inc. (NYSE:NCI) traded up 1.76% during trading on Friday, hitting $20.22. 150,087 shares of the stock were exchanged. The stock has a market cap of $958.43 million, a price-to-earnings ratio of 18.05 and a beta of 1.27. Navigant Consulting Inc. has a 1-year low of $14.07 and a 1-year high of $20.58. The firm’s 50 day moving average price is $19.69 and its 200-day moving average price is $17.22.
Navigant Consulting (NYSE:NCI) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.07. Navigant Consulting had a return on equity of 9.64% and a net margin of 5.97%. The business earned $238.49 million during the quarter, compared to analyst estimates of $231.24 million. During the same period in the previous year, the firm earned $0.26 EPS. Navigant Consulting’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, analysts anticipate that Navigant Consulting Inc. will post $1.15 EPS for the current year.
Separately, Zacks Investment Research lowered shares of Navigant Consulting from a “buy” rating to a “hold” rating in a research report on Tuesday, September 27th.
About Navigant Consulting
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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