Wedge Capital Management L L P NC reduced its position in shares of Navigant Consulting, Inc. (NYSE:NCI) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 544,268 shares of the business services provider’s stock after selling 2,646 shares during the period. Wedge Capital Management L L P NC’s holdings in Navigant Consulting were worth $10,755,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in NCI. State of Alaska Department of Revenue raised its position in 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 worth $118,000 after buying an additional 70 shares during the period. Victory Capital Management Inc. raised its position in 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 worth $134,000 after buying an additional 362 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in Navigant Consulting during the second quarter worth approximately $212,000. Russell Investments Group Ltd. raised its position in Navigant Consulting by 32.1% in the second quarter. Russell Investments Group Ltd. now owns 10,771 shares of the business services provider’s stock worth $213,000 after buying an additional 2,616 shares during the period. Finally, Mason Street Advisors LLC raised its position in 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 worth $251,000 after buying an additional 684 shares during the period. Institutional investors own 92.37% of the company’s stock.

Shares of Navigant Consulting, Inc. (NYSE NCI) opened at 15.65 on Tuesday. The firm’s 50-day moving average is $18.57 and its 200 day moving average 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 $731.32 million, a price-to-earnings ratio of 15.05 and a beta of 0.83.

Navigant Consulting (NYSE:NCI) last posted its earnings results 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. The firm had revenue of $235.20 million for the quarter, compared to the consensus estimate of $253.66 million. Navigant Consulting had a net margin of 4.97% and a return on equity of 8.95%. The firm’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.33 earnings per share. Equities analysts expect that Navigant Consulting, Inc. will post $1.15 EPS for the current year.

Navigant Consulting declared that its board has approved a share repurchase plan on Wednesday, May 3rd that permits the company to buyback $100.00 million in shares. This buyback authorization permits the business services provider to purchase up to 9.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

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A number of research firms have recently commented on NCI. Zacks Investment Research lowered shares of Navigant Consulting from a “hold” rating to a “sell” rating in a research report on Friday, May 5th. Cowen and Company lifted their target price on shares of Navigant Consulting from $16.50 to $24.00 and gave the company an “outperform” rating in a research report on Friday, June 9th. BidaskClub lowered shares of Navigant Consulting from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. ValuEngine lowered shares of Navigant Consulting from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, TheStreet lowered shares of Navigant Consulting from a “b” rating to a “c+” rating in a research report on Friday, May 12th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target 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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