James R. Thompson Sells 5,000 Shares of Navigant Consulting Inc. (NCI) Stock
Navigant Consulting Inc. (NYSE:NCI) Director James R. Thompson sold 5,000 shares of Navigant Consulting stock in a transaction on Friday, November 18th. The shares were sold at an average price of $24.49, for a total value of $122,450.00. Following the sale, the director now directly owns 85,274 shares of the company’s stock, valued at $2,088,360.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Navigant Consulting Inc. (NYSE:NCI) opened at 25.03 on Wednesday. The stock has a 50 day moving average price of $22.01 and a 200-day moving average price of $18.92. The stock has a market capitalization of $1.18 billion, a P/E ratio of 21.21 and a beta of 1.10. Navigant Consulting Inc. has a one year low of $14.07 and a one year high of $25.06.
Navigant Consulting (NYSE:NCI) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.08. The business earned $237.10 million during the quarter, compared to analyst estimates of $183.29 million. Navigant Consulting had a return on equity of 10.03% and a net margin of 6.12%. The business’s revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 earnings per share. Analysts anticipate that Navigant Consulting Inc. will post $1.15 earnings per share for the current year.
Separately, Zacks Investment Research raised Navigant Consulting from a “hold” rating to a “strong-buy” rating and set a $27.00 target price for the company in a research report on Thursday, October 27th.
Large investors have recently bought and sold shares of the stock. Victory Capital Management Inc. raised its stake in Navigant Consulting by 77.2% in the second quarter. Victory Capital Management Inc. now owns 6,227 shares of the company’s stock worth $101,000 after buying an additional 2,713 shares during the period. Teacher Retirement System of Texas raised its stake in Navigant Consulting by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 6,643 shares of the company’s stock worth $107,000 after buying an additional 799 shares during the period. Advisor Group Inc. raised its stake in Navigant Consulting by 299.9% in the third quarter. Advisor Group Inc. now owns 5,334 shares of the company’s stock worth $108,000 after buying an additional 4,000 shares during the period. Mason Street Advisors LLC bought a new stake in Navigant Consulting during the second quarter worth about $150,000. Finally, GAM Holding AG bought a new stake in Navigant Consulting during the second quarter worth about $165,000. Institutional investors and hedge funds own 92.77% of the company’s stock.
Navigant Consulting Company Profile
Navigant Consulting, Inc (Navigant) is a global professional services firm. The Company serves clients in the healthcare, energy and financial services industries. The Company operates in four segments: Disputes, Investigations & Economics; Financial, Risk & Compliance; Healthcare, and Energy. The Disputes, Investigations & Economics segment’s professional services include valuation and economic analysis, as well as accounting, regulatory, construction and computer forensic expertise.
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