Kennedy Capital Management Inc. cut its stake in shares of Navigant Consulting, Inc. (NYSE:NCI) by 30.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 135,240 shares of the business services provider’s stock after selling 58,098 shares during the period. Kennedy Capital Management Inc. owned about 0.29% of Navigant Consulting worth $2,625,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Victory Capital Management Inc. increased its stake in shares of Navigant Consulting by 57.1% in the 3rd quarter. Victory Capital Management Inc. now owns 10,855 shares of the business services provider’s stock worth $184,000 after purchasing an additional 3,947 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Navigant Consulting by 110.2% in the 3rd quarter. SG Americas Securities LLC now owns 11,269 shares of the business services provider’s stock worth $191,000 after purchasing an additional 5,908 shares in the last quarter. First Mercantile Trust Co. increased its stake in shares of Navigant Consulting by 154.5% in the 4th quarter. First Mercantile Trust Co. now owns 9,850 shares of the business services provider’s stock worth $191,000 after purchasing an additional 5,980 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Navigant Consulting in the 3rd quarter worth $204,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Navigant Consulting in the 3rd quarter worth $217,000. Hedge funds and other institutional investors own 95.26% of the company’s stock.
Several equities research analysts have recently commented on NCI shares. Zacks Investment Research upgraded Navigant Consulting from a “sell” rating to a “hold” rating in a research note on Monday, November 27th. TheStreet upgraded Navigant Consulting from a “c+” rating to a “b-” rating in a research note on Monday, November 27th. ValuEngine upgraded Navigant Consulting from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, Barrington Research lowered Navigant Consulting from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $24.00.
Navigant Consulting (NYSE:NCI) last issued its earnings results on Tuesday, February 20th. The business services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.11). The firm had revenue of $255.40 million during the quarter, compared to the consensus estimate of $244.79 million. Navigant Consulting had a return on equity of 7.96% and a net margin of 7.26%. The company’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.30 EPS. analysts expect that Navigant Consulting, Inc. will post 1.3 earnings per share for the current fiscal year.
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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.
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