Tributary Capital Management LLC raised its position in shares of Navigant Consulting, Inc. (NYSE:NCI) by 12.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 855,258 shares of the business services provider’s stock after purchasing an additional 96,799 shares during the period. Tributary Capital Management LLC owned 2.19% of Navigant Consulting worth $16,652,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Chartwell Investment Partners LLC grew its stake in shares of Navigant Consulting by 1.7% in the first quarter. Chartwell Investment Partners LLC now owns 83,631 shares of the business services provider’s stock worth $1,628,000 after purchasing an additional 1,387 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Navigant Consulting by 17.5% in the fourth quarter. Geode Capital Management LLC now owns 515,418 shares of the business services provider’s stock worth $12,395,000 after purchasing an additional 76,731 shares during the last quarter. Norges Bank bought a new stake in Navigant Consulting during the 4th quarter valued at approximately $24,655,000. FMR LLC boosted its position in Navigant Consulting by 55,419.2% during the 4th quarter. FMR LLC now owns 344,219 shares of the business services provider’s stock valued at $8,279,000 after acquiring an additional 343,599 shares in the last quarter. Finally, HighPoint Advisor Group LLC bought a new stake in Navigant Consulting during the 4th quarter valued at approximately $959,000. 93.06% of the stock is owned by institutional investors and hedge funds.
Several research firms have weighed in on NCI. Zacks Investment Research cut Navigant Consulting from a “buy” rating to a “hold” rating in a research report on Wednesday, January 16th. Barrington Research reaffirmed a “buy” rating and set a $28.00 price objective on shares of Navigant Consulting in a research report on Thursday, April 18th. Finally, TheStreet cut Navigant Consulting from a “b-” rating to a “c” rating in a research report on Friday, March 15th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $27.00.
Navigant Consulting (NYSE:NCI) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.10. Navigant Consulting had a return on equity of 5.74% and a net margin of 13.16%. The business had revenue of $186.13 million for the quarter, compared to analysts’ expectations of $178.87 million. On average, equities research analysts anticipate that Navigant Consulting, Inc. will post 0.92 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.20 annualized dividend and a dividend yield of 0.89%. Navigant Consulting’s payout ratio is 42.55%.
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Navigant Consulting Profile
Navigant Consulting, Inc provides professional services worldwide. It operates through three segments: Healthcare, Energy, and Financial Services Advisory and Compliance. The Healthcare segment offers consulting and business process management services to healthcare providers, payers, and life sciences companies.
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