Navient finalizes sale of Government Services business

2/21/25 4:05:00 PM ET

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HERNDON, Va., Feb. 21, 2025 (GLOBE NEWSWIRE) -- Navient (NASDAQ:NAVI) announced today that it has finalized the sale of its Government Services business to an affiliate of Gallant Capital Partners, LLC, a Los Angeles-based investment firm.

Navient's Government Services business includes Navient Business Processing Group, Duncan Solutions, Gila (D.B.A Municipal Services Bureau), Pioneer Credit Recovery and Navient BPO. Approximately 1,200 employees are transferring with those businesses as a part of the transaction, which allows Navient to fully exit the business processing solutions space.

About Navient

Navient (NASDAQ:NAVI) provides technology-enabled education finance solutions that simplify complex programs and help millions of people achieve success. Our customer-focused, data-driven services deliver exceptional results for clients. Learn more at navient.com.

Contact:

Media: Paul Hartwick, 302-283-4026, [email protected]

Investors: Jen Earyes, 703-984-6801, [email protected]

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Date	Price Target	Rating	Analyst
1/21/2025	$18.00	Neutral → Buy	Seaport Research Partners
9/30/2024	$17.00	Neutral	BofA Securities
4/3/2024	$18.00 → $17.00	Underweight → Neutral	JP Morgan
1/10/2024		Hold	Deutsche Bank
1/10/2024	$17.00 → $14.00	Equal Weight → Underweight	Barclays
1/8/2024	$17.00 → $15.00	Market Perform → Underperform	TD Cowen
1/2/2024	$16.00	Equal-Weight → Underweight	Stephens
11/15/2023	$17.00	Equal Weight	Barclays

Navient finalizes sale of Government Services business

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Recent Analyst Ratings for $NAVI

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Navient posts first quarter 2025 financial results

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Fastest customizable press release news feed in the world

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Navient to announce first quarter 2025 results, host earnings webcast April 30

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This live feed shows all institutional transactions in real time.

Amendment: SEC Form SC 13D/A filed by Navient Corporation

SEC Form SC 13G/A filed by Navient Corporation (Amendment)

SEC Form SC 13G/A filed by Navient Corporation (Amendment)

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SEC Form FWP filed by Navient Corporation

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$NAVI Insider Trading

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$NAVI Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Navient declares second quarter common stock dividend

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Gallant Capital Acquires the Government Services Business of Navient Corporation

EVP & Chief Operating Officer Standish Troy covered exercise/tax liability with 1,057 shares, decreasing direct ownership by 0.51% to 206,936 units (SEC Form 4)

EVP & Chief Admin Officer Hauber Stephen M covered exercise/tax liability with 789 shares, decreasing direct ownership by 0.27% to 295,709 units (SEC Form 4)

Amendment: Director Cabral Anna Escobedo disposed of $157,796 worth of shares (11,231 units at $14.05), decreasing direct ownership by 16% to 60,180 units (SEC Form 4)

Navient upgraded by Seaport Research Partners with a new price target

BofA Securities initiated coverage on Navient with a new price target

Navient upgraded by JP Morgan with a new price target

Recent Analyst Ratings for
$NAVI

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$NAVI
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$NAVI
Insider Trading

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