Bank of New York Mellon Corp Sells 4,298 Shares of Navigant Consulting, Inc. (NCI)

Bank of New York Mellon Corp cut its stake in shares of Navigant Consulting, Inc. (NYSE:NCI) by 0.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 868,303 shares of the business services provider’s stock after selling 4,298 shares during the period. Bank of New York Mellon Corp owned 1.84% of Navigant Consulting worth $17,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Comerica Bank raised its position in Navigant Consulting by 2.0% during the first quarter. Comerica Bank now owns 109,095 shares of the business services provider’s stock valued at $2,632,000 after purchasing an additional 2,122 shares during the period. Schwab Charles Investment Management Inc. raised its position in Navigant Consulting by 41.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 414,618 shares of the business services provider’s stock valued at $9,479,000 after purchasing an additional 121,177 shares during the period. Goldman Sachs Group Inc. raised its position in Navigant Consulting by 10.0% during the first quarter. Goldman Sachs Group Inc. now owns 284,601 shares of the business services provider’s stock valued at $6,506,000 after purchasing an additional 25,836 shares during the period. Foundry Partners LLC raised its position in Navigant Consulting by 6.4% during the second quarter. Foundry Partners LLC now owns 200,998 shares of the business services provider’s stock valued at $3,972,000 after purchasing an additional 12,106 shares during the period. Finally, Dubuque Bank & Trust Co. raised its position in Navigant Consulting by 9.4% during the second quarter. Dubuque Bank & Trust Co. now owns 13,129 shares of the business services provider’s stock valued at $259,000 after purchasing an additional 1,130 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

A number of equities research analysts have issued reports on NCI shares. Zacks Investment Research downgraded Navigant Consulting from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 1st. ValuEngine downgraded Navigant Consulting from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. BidaskClub downgraded Navigant Consulting from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Finally, Cowen and Company increased their price target on Navigant Consulting from $16.50 to $24.00 and gave the stock an “outperform” rating in a report on Friday, June 9th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $24.50.

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Shares of Navigant Consulting, Inc. (NYSE:NCI) opened at 16.02 on Wednesday. The stock has a market capitalization of $748.61 million, a P/E ratio of 15.40 and a beta of 0.86. The stock has a 50 day moving average price of $15.43 and a 200 day moving average price of $19.67. Navigant Consulting, Inc. has a one year low of $14.62 and a one year high of $27.86.

Navigant Consulting (NYSE:NCI) last released its quarterly earnings data on Monday, July 31st. The business services provider reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.09). Navigant Consulting had a net margin of 4.97% and a return on equity of 8.95%. The business had revenue of $235.20 million during the quarter, compared to analyst estimates of $253.66 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company’s revenue was down 1.4% on a year-over-year basis. Equities analysts forecast that Navigant Consulting, Inc. will post $1.15 earnings per share for the current year.

In related news, EVP Monica M. Weed sold 14,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $14.78, for a total value of $206,920.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders purchased 77,000 shares of company stock worth $2,310 over the last quarter. 2.36% of the stock is currently owned by insiders.

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.

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

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