Bank of New York Mellon Corp Lowers Holdings in Navigant Consulting, Inc. (NCI)

Bank of New York Mellon Corp lessened its position in shares of Navigant Consulting, Inc. (NYSE:NCI) by 1.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 570,521 shares of the business services provider’s stock after selling 10,068 shares during the period. Bank of New York Mellon Corp owned approximately 1.27% of Navigant Consulting worth $12,631,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Itau Unibanco Holding S.A. purchased a new stake in shares of Navigant Consulting in the second quarter worth about $109,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Navigant Consulting in the second quarter worth about $212,000. Paloma Partners Management Co purchased a new stake in shares of Navigant Consulting in the second quarter worth about $252,000. Trexquant Investment LP purchased a new stake in shares of Navigant Consulting in the second quarter worth about $261,000. Finally, Victory Capital Management Inc. boosted its position in shares of Navigant Consulting by 15.9% in the second quarter. Victory Capital Management Inc. now owns 14,690 shares of the business services provider’s stock worth $325,000 after buying an additional 2,016 shares during the period. 94.58% of the stock is owned by institutional investors.

NYSE:NCI opened at $23.86 on Friday. Navigant Consulting, Inc. has a one year low of $18.14 and a one year high of $26.10. The stock has a market capitalization of $1.04 billion, a P/E ratio of 21.89, a price-to-earnings-growth ratio of 4.02 and a beta of 0.78.

Navigant Consulting (NYSE:NCI) last released its quarterly earnings results on Thursday, November 8th. The business services provider reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.04. Navigant Consulting had a return on equity of 8.04% and a net margin of 16.05%. The business had revenue of $171.39 million for the quarter, compared to analysts’ expectations of $168.69 million. During the same quarter in the previous year, the firm posted $0.30 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. Analysts forecast that Navigant Consulting, Inc. will post 0.45 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, November 29th. Navigant Consulting’s dividend payout ratio (DPR) is 18.35%.

NCI has been the subject of several analyst reports. Zacks Investment Research raised Navigant Consulting from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Wednesday, November 14th. Barrington Research upped their target price on Navigant Consulting to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, August 23rd. Finally, William Blair reaffirmed a “hold” rating on shares of Navigant Consulting in a research report on Sunday, August 12th.

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Navigant Consulting Company 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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