Navigant Consulting (NYSE:NCI) Stock Crosses Above 50 Day Moving Average of $22.72

Navigant Consulting, Inc. (NYSE:NCI) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $22.72 and traded as high as $22.90. Navigant Consulting shares last traded at $22.70, with a volume of 799 shares changing hands.

NCI has been the subject of several analyst reports. TheStreet upgraded Navigant Consulting from a “c+” rating to a “b-” rating in a report on Tuesday, June 18th. Barrington Research restated a “buy” rating and issued a $28.00 price objective on shares of Navigant Consulting in a report on Thursday, April 18th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $27.00.

The company has a market cap of $908.99 million, a P/E ratio of 49.34, a P/E/G ratio of 1.83 and a beta of 0.74. The firm’s fifty day moving average price is $22.74. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 0.13.

Navigant Consulting (NYSE:NCI) last announced 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. The company had revenue of $186.13 million during the quarter, compared to analysts’ expectations of $178.87 million. Navigant Consulting had a return on equity of 5.74% and a net margin of 13.16%. As a group, sell-side analysts anticipate that Navigant Consulting, Inc. will post 0.92 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Thursday, May 30th. Navigant Consulting’s payout ratio is 42.55%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. grew its holdings in Navigant Consulting by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 18,944 shares of the business services provider’s stock worth $456,000 after purchasing an additional 738 shares during the period. PNC Financial Services Group Inc. grew its holdings in Navigant Consulting by 3.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 22,955 shares of the business services provider’s stock worth $554,000 after purchasing an additional 767 shares during the period. Neuburgh Advisers LLC grew its holdings in Navigant Consulting by 11.4% during the fourth quarter. Neuburgh Advisers LLC now owns 7,766 shares of the business services provider’s stock worth $187,000 after purchasing an additional 792 shares during the period. Comerica Bank grew its holdings in Navigant Consulting by 2.5% during the first quarter. Comerica Bank now owns 42,938 shares of the business services provider’s stock worth $878,000 after purchasing an additional 1,056 shares during the period. Finally, Advisor Group Inc. grew its holdings in Navigant Consulting by 23.3% during the fourth quarter. Advisor Group Inc. now owns 6,129 shares of the business services provider’s stock worth $147,000 after purchasing an additional 1,160 shares during the period. Institutional investors own 94.07% of the company’s stock.

Navigant Consulting Company Profile (NYSE:NCI)

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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