Navigant Consulting, Inc. (NCI) Holdings Boosted by Municipal Employees Retirement System of Michigan

Municipal Employees Retirement System of Michigan raised its position in Navigant Consulting, Inc. (NYSE:NCI) by 45.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,360 shares of the business services provider’s stock after buying an additional 6,660 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Navigant Consulting were worth $361,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in NCI. Louisiana State Employees Retirement System increased its holdings in Navigant Consulting by 0.5% in 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 buying an additional 100 shares during the period. Aperio Group LLC increased its holdings in Navigant Consulting by 1.7% in 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 during the period. Russell Investments Group Ltd. increased its holdings in Navigant Consulting by 32.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 10,771 shares of the business services provider’s stock valued at $213,000 after buying an additional 2,616 shares during the period. Great West Life Assurance Co. Can boosted its stake in shares of Navigant Consulting by 4.2% in the 2nd quarter. Great West Life Assurance Co. Can now owns 67,231 shares of the business services provider’s stock valued at $1,327,000 after purchasing an additional 2,700 shares in the last quarter. Finally, Texas Permanent School Fund boosted its stake in shares of Navigant Consulting by 1.6% in the 2nd quarter. Texas Permanent School Fund now owns 34,497 shares of the business services provider’s stock valued at $682,000 after purchasing an additional 537 shares in the last quarter. 91.13% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Navigant Consulting, Inc. (NYSE:NCI) opened at $19.15 on Friday. Navigant Consulting, Inc. has a one year low of $14.62 and a one year high of $27.86. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.27. The firm has a market cap of $879.37, a P/E ratio of 17.25, a PEG ratio of 1.19 and a beta of 0.89.

Navigant Consulting (NYSE:NCI) last posted its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). Navigant Consulting had a net margin of 4.35% and a return on equity of 8.25%. The company had revenue of $262.30 million during the quarter, compared to analyst estimates of $241.77 million. During the same quarter in the previous year, the business posted $0.37 earnings per share. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. sell-side analysts anticipate that Navigant Consulting, Inc. will post 1.2 earnings per share for the current year.

In other news, Director Randy H. Zwirn sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $17.46, for a total value of $87,300.00. Following the sale, the director now directly owns 21,226 shares in the company, valued at approximately $370,605.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.32% of the company’s stock.

NCI has been the topic of a number of research analyst reports. TheStreet upgraded shares of Navigant Consulting from a “c+” rating to a “b-” rating in a research note on Monday, November 27th. Zacks Investment Research upgraded shares of Navigant Consulting from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. Navigant Consulting presently has a consensus rating of “Hold” and an average price target of $24.00.

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Navigant Consulting 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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