Navient Corporation (NASDAQ:NAVI) issued its quarterly earnings data on Tuesday. The credit services provider reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.02, Bloomberg Earnings reports. The company had revenue of $343 million during the quarter, compared to analyst estimates of $331.67 million. Navient Corporation had a return on equity of 14.75% and a net margin of 11.95%. Navient Corporation’s revenue was down 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 earnings per share.

Navient Corporation (NAVI) opened at 16.40 on Wednesday. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 8.63 and a beta of 2.48. The stock’s 50 day moving average price is $15.83 and its 200 day moving average price is $15.31. Navient Corporation has a 52-week low of $12.66 and a 52-week high of $17.95.

Several research analysts have recently commented on the company. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Navient Corporation in a research note on Friday, July 14th. BidaskClub upgraded Navient Corporation from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Jefferies Group LLC restated a “buy” rating on shares of Navient Corporation in a report on Monday, June 12th. Zacks Investment Research raised Navient Corporation from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Wednesday, April 5th. Finally, Barclays PLC set a $20.00 target price on Navient Corporation and gave the company a “buy” rating in a research report on Wednesday, April 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Navient Corporation has a consensus rating of “Hold” and an average price target of $18.50.

In other Navient Corporation news, Director Gilleland Diane Suitt sold 5,467 shares of the company’s stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $15.89, for a total value of $86,870.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.68% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its stake in shares of Navient Corporation by 3.4% in the second quarter. Nisa Investment Advisors LLC now owns 106,298 shares of the credit services provider’s stock valued at $1,715,000 after buying an additional 3,500 shares during the period. LS Investment Advisors LLC raised its stake in shares of Navient Corporation by 6.3% in the second quarter. LS Investment Advisors LLC now owns 20,364 shares of the credit services provider’s stock valued at $339,000 after buying an additional 1,210 shares during the period. Mn Services Vermogensbeheer B.V. raised its stake in shares of Navient Corporation by 474.3% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 47,246 shares of the credit services provider’s stock valued at $787,000 after buying an additional 39,019 shares during the period. Creative Planning raised its stake in shares of Navient Corporation by 7.2% in the second quarter. Creative Planning now owns 7,066 shares of the credit services provider’s stock valued at $118,000 after buying an additional 472 shares during the period. Finally, Bank of The West raised its stake in shares of Navient Corporation by 4.8% in the second quarter. Bank of The West now owns 191,234 shares of the credit services provider’s stock valued at $3,184,000 after buying an additional 8,789 shares during the period. 94.39% of the stock is owned by hedge funds and other institutional investors.

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About Navient Corporation

Navient Corporation provides asset management and business processing services to education, healthcare and government clients at the federal, state and local levels. The Company holds the portfolio of education loans insured or federally guaranteed under the Federal Family Education Loan Program (FFELP).

Earnings History for Navient Corporation (NASDAQ:NAVI)

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