Navigant Consulting, Inc. (NYSE:NCI) Stake Decreased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its position in Navigant Consulting, Inc. (NYSE:NCI) by 0.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,973,785 shares of the business services provider’s stock after selling 20,930 shares during the period. Dimensional Fund Advisors LP owned about 8.41% of Navigant Consulting worth $78,522,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Louisiana State Employees Retirement System grew its position in shares of Navigant Consulting by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 19,200 shares of the business services provider’s stock valued at $379,000 after acquiring an additional 100 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Navigant Consulting by 0.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 32,857 shares of the business services provider’s stock valued at $650,000 after acquiring an additional 130 shares during the period. Arizona State Retirement System lifted its stake in shares of Navigant Consulting by 0.8% during the 1st quarter. Arizona State Retirement System now owns 24,422 shares of the business services provider’s stock valued at $558,000 after buying an additional 200 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in shares of Navigant Consulting by 2.2% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 14,700 shares of the business services provider’s stock valued at $291,000 after buying an additional 310 shares in the last quarter. Finally, Aperio Group LLC lifted its stake in shares of Navigant Consulting by 1.7% during the 2nd quarter. Aperio Group LLC now owns 20,829 shares of the business services provider’s stock valued at $412,000 after buying an additional 350 shares in the last quarter. Institutional investors own 91.61% of the company’s stock.

In other news, EVP Monica M. Weed sold 14,000 shares of the company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $14.78, for a total transaction of $206,920.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.32% of the stock is currently owned by corporate insiders.

NCI has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Navigant Consulting from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 1st. ValuEngine cut shares of Navigant Consulting from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, BidaskClub cut shares of Navigant Consulting from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $24.00.

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Shares of Navigant Consulting, Inc. (NCI) opened at 16.93 on Wednesday. The stock has a market capitalization of $791.14 million, a PE ratio of 16.28 and a beta of 0.89. The stock’s 50 day moving average is $16.23 and its 200 day moving average is $18.93. Navigant Consulting, Inc. has a 12 month low of $14.62 and a 12 month high of $27.86.

Navigant Consulting (NYSE:NCI) last announced its quarterly earnings data on Monday, July 31st. The business services provider reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.09). The firm had revenue of $235.20 million for the quarter, compared to analysts’ expectations of $253.66 million. Navigant Consulting had a return on equity of 8.95% and a net margin of 4.97%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS. Analysts anticipate that Navigant Consulting, Inc. will post $1.15 earnings per share for the current fiscal year.

Navigant Consulting Company Profile

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.

Institutional Ownership by Quarter for Navigant Consulting (NYSE:NCI)

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