Vanguard Group Inc. Acquires 30,371 Shares of Navigant Consulting, Inc. (NCI)

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Vanguard Group Inc. boosted its holdings in shares of Navigant Consulting, Inc. (NYSE:NCI) by 0.7% in the third quarter, HoldingsChannel.com reports. The fund owned 4,467,082 shares of the business services provider’s stock after acquiring an additional 30,371 shares during the period. Vanguard Group Inc. owned 0.10% of Navigant Consulting worth $103,010,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. purchased a new position in Navigant Consulting during the 3rd quarter valued at about $222,000. Mackenzie Financial Corp bought a new stake in Navigant Consulting during the 3rd quarter valued at about $233,000. US Bancorp DE increased its stake in Navigant Consulting by 49.5% during the 3rd quarter. US Bancorp DE now owns 10,985 shares of the business services provider’s stock valued at $253,000 after purchasing an additional 3,639 shares in the last quarter. Laurion Capital Management LP bought a new stake in Navigant Consulting during the 3rd quarter valued at about $376,000. Finally, Victory Capital Management Inc. increased its stake in Navigant Consulting by 23.9% during the 3rd quarter. Victory Capital Management Inc. now owns 18,206 shares of the business services provider’s stock valued at $420,000 after purchasing an additional 3,516 shares in the last quarter. 94.27% of the stock is owned by institutional investors.

A number of analysts have weighed in on NCI shares. Zacks Investment Research upgraded shares of Navigant Consulting from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Wednesday, November 14th. Barrington Research set a $30.00 price objective on shares of Navigant Consulting and gave the company a “buy” rating in a research note on Friday, November 16th.

NYSE:NCI opened at $25.57 on Thursday. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 1.94 and a beta of 0.78. Navigant Consulting, Inc. has a fifty-two week low of $18.14 and a fifty-two week high of $26.10.

Navigant Consulting (NYSE:NCI) last released its quarterly earnings data on Thursday, November 8th. The business services provider reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The business had revenue of $171.39 million during the quarter, compared to analyst estimates of $168.69 million. Navigant Consulting had a net margin of 16.05% and a return on equity of 8.04%. Navigant Consulting’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business earned $0.30 EPS. On average, equities research analysts predict that Navigant Consulting, Inc. will post 0.45 earnings per share for the current year.

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Navigant Consulting 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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