State Board of Administration of Florida Retirement System cut its position in shares of Navigant Consulting Inc. (NYSE:NCI) by 1.0% during the second quarter, Holdings Channel reports. The institutional investor owned 59,723 shares of the company’s stock after selling 625 shares during the period. State Board of Administration of Florida Retirement System owned 0.13% of Navigant Consulting worth $965,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Geode Capital Management LLC increased its stake in shares of Navigant Consulting by 5.7% in the first quarter. Geode Capital Management LLC now owns 311,591 shares of the company’s stock worth $4,926,000 after buying an additional 16,679 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Navigant Consulting by 46.9% in the first quarter. Goldman Sachs Group Inc. now owns 158,067 shares of the company’s stock worth $2,499,000 after buying an additional 50,455 shares in the last quarter. AXA increased its stake in shares of Navigant Consulting by 1.9% in the first quarter. AXA now owns 129,900 shares of the company’s stock worth $2,054,000 after buying an additional 2,400 shares in the last quarter. Acrospire Investment Management LLC acquired a new stake in shares of Navigant Consulting during the first quarter worth $229,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Navigant Consulting by 8.8% in the first quarter. JPMorgan Chase & Co. now owns 76,289 shares of the company’s stock worth $1,206,000 after buying an additional 6,175 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 0.79% during midday trading on Friday, hitting $20.54. The company had a trading volume of 186,666 shares. Navigant Consulting Inc. has a 52 week low of $14.07 and a 52 week high of $20.58. The firm’s 50 day moving average is $19.63 and its 200-day moving average is $17.05. The firm has a market capitalization of $973.60 million, a P/E ratio of 18.34 and a beta of 1.27.
Navigant Consulting (NYSE:NCI) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.07. The firm had revenue of $238.49 million for the quarter, compared to analysts’ expectations of $231.24 million. Navigant Consulting had a net margin of 5.97% and a return on equity of 9.64%. The business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 earnings per share. On average, equities research analysts expect that Navigant Consulting Inc. will post $1.15 EPS for the current fiscal year.
Separately, Zacks Investment Research downgraded Navigant Consulting from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th.
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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