Louisiana State Employees Retirement System increased its stake in shares of Navigant Consulting, Inc. (NYSE:NCI) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,200 shares of the business services provider’s stock after buying an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Navigant Consulting were worth $379,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in NCI. State of Alaska Department of Revenue increased its position in shares of Navigant Consulting by 1.4% in the first quarter. State of Alaska Department of Revenue now owns 5,200 shares of the business services provider’s stock valued at $118,000 after buying an additional 70 shares during the period. Arizona State Retirement System increased its position in shares of Navigant Consulting by 0.8% in the first 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 during the period. Victory Capital Management Inc. increased its position in shares of Navigant Consulting by 6.6% in the first quarter. Victory Capital Management Inc. now owns 5,872 shares of the business services provider’s stock valued at $134,000 after buying an additional 362 shares during the period. Mason Street Advisors LLC increased its position in shares of Navigant Consulting by 6.7% in the first quarter. Mason Street Advisors LLC now owns 10,968 shares of the business services provider’s stock valued at $251,000 after buying an additional 684 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of Navigant Consulting by 0.7% in the first quarter. AQR Capital Management LLC now owns 140,872 shares of the business services provider’s stock valued at $3,220,000 after buying an additional 989 shares during the period. Institutional investors own 92.37% of the company’s stock.

Shares of Navigant Consulting, Inc. (NYSE:NCI) traded down 2.04% during midday trading on Tuesday, hitting $15.33. 132,059 shares of the stock traded hands. The firm’s 50 day moving average price is $18.57 and its 200 day moving average price is $21.24. Navigant Consulting, Inc. has a 12-month low of $14.93 and a 12-month high of $27.86. The company has a market capitalization of $716.37 million, a PE ratio of 14.74 and a beta of 0.83.

Navigant Consulting (NYSE:NCI) last posted its quarterly earnings results on Monday, July 31st. The business services provider reported $0.24 earnings per share 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 the consensus estimate of $253.66 million. During the same quarter last year, the company posted $0.33 EPS. The firm’s revenue was down 1.4% on a year-over-year basis. Analysts expect that Navigant Consulting, Inc. will post $1.15 EPS for the current year.

Navigant Consulting announced that its board has authorized a share repurchase plan on Wednesday, May 3rd that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the business services provider to buy up to 9.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

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Several equities research analysts have recently issued reports on the stock. BidaskClub downgraded shares of Navigant Consulting from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Zacks Investment Research downgraded shares of Navigant Consulting from a “hold” rating to a “sell” rating in a research note on Friday, May 5th. ValuEngine downgraded shares of Navigant Consulting from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Cowen and Company raised their price objective on shares of Navigant Consulting from $16.50 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, June 9th. Finally, TheStreet downgraded shares of Navigant Consulting from a “b” rating to a “c+” rating in a research note on Friday, May 12th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $24.50.

About Navigant Consulting

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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