Navient Corporation provides education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels in the United States. It operates through four segments: Federal Education Loans, Consumer Lending, Business Processing, and Other. The company owns Federal Family Education Loan Program loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing and asset recovery services on its own loan portfolio, and federal education loans owned by the United States Department of Education and other institutions. It also owns, originates, and acquires private education loans; and offers healthcare services that include revenue cycle outsourcing, accounts receivable management, extended business office support, consulting engagement, and public health programs, as well as business processing services to state governments, agencies, court systems, municipalities, and parking and tolling authorities. In addition, the company provides customizable solutions for its clients that include hospitals, hospital systems, medical centers, large physician groups, other healthcare providers, and departments of public health; and corporate liquidity portfolio and debt repurchase services. Navient Corporation was founded in 1973 and is headquartered in Wilmington, Delaware.
IPO Year:
Exchange: NASDAQ
Website: navient.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
| 11/9/2023 | $22.00 → $16.00 | Buy → Hold | Jefferies |
| 11/1/2023 | $17.00 | Market Perform | TD Cowen |
| 12/1/2022 | $14.00 → $16.00 | Underweight → Equal-Weight | Morgan Stanley |
HERNDON, Va., Jan. 08, 2025 (GLOBE NEWSWIRE) -- Navient (NASDAQ:NAVI) will host an audio webcast to review its 2024 fourth quarter and year-end financial results on Wednesday, Jan. 29, 2025, at 8:00 a.m. Eastern Time. The results are scheduled to be released the same day by 7:00 a.m. on Navient.com/investors. In addition to being available on the company's investor website, the results will be filed with the SEC on a Form 8-K available at SEC.gov. The webcast and presentation slides also will be available on Navient.com/investors. Analysts and investors who wish to ask questions are requested to pre-register anytime ahead of the webcast or at least 15 minutes ahead of start time to receiv
Gallant Capital Partners ("Gallant") announced that it has signed a definitive agreement to acquire the Government Services business ("NGS" or the "Company") of Navient Corporation (NASDAQ:NAVI). NGS provides tech-enabled outsourced business processing to U.S. federal, state, and local government clients. NGS is a leader in the tolling and parking technology and services market and provides other mission-critical services to government agencies including call center support, revenue recovery services, program management, and payment processing. "NGS is a leader in the government services industry with a proven track record of technology-driven innovation and growth. We look forward to s
HERNDON, Va., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Navient (NASDAQ:NAVI) announced today that it has reached an agreement to sell 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 will be included in the transaction, which is expected to close in the first quarter of 2025, subject to certain conditions. Additional information can be found in the 8-K filed by Navient today. Navient was advised on the transaction by
HERNDON, Va., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Navient (NASDAQ:NAVI) announced that its board of directors approved a 2024 fourth quarter dividend of $0.16 per share on the company's common stock. The fourth quarter 2024 dividend will be paid on Dec. 20, 2024, to shareholders of record at the close of business on Dec. 6, 2024. About NavientNavient (NASDAQ:NAVI) provides technology-enabled education finance and business processing solutions that simplify complex programs and help millions of people achieve success. Our customer-focused, data-driven services deliver exceptional results for clients in education and government. Learn more at navient.com. Contact:Media: Paul H
HERNDON, Va., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Navient (NASDAQ:NAVI) has been recognized by The Forum of Executive Women as a Champion of Board Diversity. This award annually honors the top public companies in the Philadelphia region with boards comprised of at least 30% women. The Forum of Executive Women's annual Women in Leadership Report, which will be released in November and is a collaboration with PwC, provides an annual examination on diversity in the boardrooms and executive suites of the top 100 public companies in the Philadelphia region. This year, a record number of Champions of Board Diversity will be recognized -- with 46 companies receiving the designation, up fr
HERNDON, Va., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Navient (NASDAQ:NAVI) today posted its 2024 third quarter financial results. Complete financial results are available on the company's website at Navient.com/investors. The materials will also be available on a Form 8-K on the SEC's website at www.sec.gov. Navient will hold a live audio webcast today, Oct. 30, 2024, at 8 a.m. ET, hosted by David Yowan, president and CEO, and Joe Fisher, CFO. Analysts and investors who wish to ask questions are requested to pre-register at Navient.com/investors at least 15 minutes ahead of start time to receive their personal dial-in access details. Others who wish to join in listen-only mode do not need to
HERNDON, Va., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Navient (NASDAQ:NAVI) has been recognized for the third year as a Best Place to Work for Working Daughters, according to Working Daughter, a community for women balancing eldercare with their careers. The annual list recognizes companies that support family caregivers and also raises awareness of how businesses help make caregiving and professional success compatible. "The companies on this list understand that supporting working caregivers is a business imperative," said Liz O'Donnell, Working Daughter founder. "While many companies have established initiatives to assist employees who are parents, it is equally critical to acknowledge and s
HERNDON, Va., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Navient (NASDAQ:NAVI) will host an audio webcast to review its 2024 third quarter financial results on Wednesday, Oct. 30, 2024, at 8:00 a.m. Eastern Time. The results are scheduled to be released the same day by 7:00 a.m. on Navient.com/investors. In addition to being available on the company's investor website, the results will be filed with the SEC on a Form 8-K available at SEC.gov. The webcast and presentation slides also will be available on Navient.com/investors. Analysts and investors who wish to ask questions are requested to pre-register anytime ahead of the webcast or at least 15 minutes ahead of start time to receive their person
HERNDON, Va., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Navient (NASDAQ:NAVI) today released the following statement after reaching an agreement with the Consumer Financial Protection Bureau to resolve previously disclosed litigation and investigations: This agreement puts these decade-old issues behind us. While we do not agree with the CFPB's allegations, this resolution is consistent with our go-forward activities and is an important positive milestone in our transformation of the company. Navient is no longer a servicer or purchaser of federal student loans. In 2021, with the approval of the Department of Education, Navient transferred its contract to service government student loans to a t
HERNDON, Va., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Navient (NASDAQ:NAVI) announced that its board of directors approved a 2024 third quarter dividend of $0.16 per share on the company's common stock. The third quarter 2024 dividend will be paid on Sept. 20, 2024, to shareholders of record at the close of business on Sept. 6, 2024. About NavientNavient (NASDAQ:NAVI) provides technology-enabled education finance and business processing solutions that simplify complex programs and help millions of people achieve success. Our customer-focused, data-driven services deliver exceptional results for clients in education, healthcare, and government. Learn more at navient.com. Contact:Media: Paul Ha
BofA Securities initiated coverage of Navient with a rating of Neutral and set a new price target of $17.00
JP Morgan upgraded Navient from Underweight to Neutral and set a new price target of $17.00 from $18.00 previously
Deutsche Bank initiated coverage of Navient with a rating of Hold
Barclays downgraded Navient from Equal Weight to Underweight and set a new price target of $14.00 from $17.00 previously
TD Cowen downgraded Navient from Market Perform to Underperform and set a new price target of $15.00 from $17.00 previously
Stephens downgraded Navient from Equal-Weight to Underweight and set a new price target of $16.00
Barclays initiated coverage of Navient with a rating of Equal Weight and set a new price target of $17.00
Jefferies downgraded Navient from Buy to Hold and set a new price target of $16.00 from $22.00 previously
TD Cowen initiated coverage of Navient with a rating of Market Perform and set a new price target of $17.00
Morgan Stanley upgraded Navient from Underweight to Equal-Weight and set a new price target of $16.00 from $14.00 previously
HERNDON, Va., Jan. 08, 2025 (GLOBE NEWSWIRE) -- Navient (NASDAQ:NAVI) will host an audio webcast to review its 2024 fourth quarter and year-end financial results on Wednesday, Jan. 29, 2025, at 8:00 a.m. Eastern Time. The results are scheduled to be released the same day by 7:00 a.m. on Navient.com/investors. In addition to being available on the company's investor website, the results will be filed with the SEC on a Form 8-K available at SEC.gov. The webcast and presentation slides also will be available on Navient.com/investors. Analysts and investors who wish to ask questions are requested to pre-register anytime ahead of the webcast or at least 15 minutes ahead of start time to receiv
HERNDON, Va., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Navient (NASDAQ:NAVI) today posted its 2024 third quarter financial results. Complete financial results are available on the company's website at Navient.com/investors. The materials will also be available on a Form 8-K on the SEC's website at www.sec.gov. Navient will hold a live audio webcast today, Oct. 30, 2024, at 8 a.m. ET, hosted by David Yowan, president and CEO, and Joe Fisher, CFO. Analysts and investors who wish to ask questions are requested to pre-register at Navient.com/investors at least 15 minutes ahead of start time to receive their personal dial-in access details. Others who wish to join in listen-only mode do not need to
HERNDON, Va., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Navient (NASDAQ:NAVI) will host an audio webcast to review its 2024 third quarter financial results on Wednesday, Oct. 30, 2024, at 8:00 a.m. Eastern Time. The results are scheduled to be released the same day by 7:00 a.m. on Navient.com/investors. In addition to being available on the company's investor website, the results will be filed with the SEC on a Form 8-K available at SEC.gov. The webcast and presentation slides also will be available on Navient.com/investors. Analysts and investors who wish to ask questions are requested to pre-register anytime ahead of the webcast or at least 15 minutes ahead of start time to receive their person
HERNDON, Va., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Navient (NASDAQ:NAVI) announced today that it had reached an agreement to sell its Healthcare Services business to CorroHealth, a leading health technology company. "This transaction is an important achievement in our initiative to explore strategic options for our Business Processing Solutions division and our strategic objectives to simplify our company, reduce our expense base, and enhance our flexibility," said Dave Yowan, president and CEO of Navient. "CorroHealth is a great match for Xtend and its colleagues and clients." Doing business as Xtend Healthcare, Navient's healthcare revenue cycle management organization is headquartered in
HERNDON, Va., July 24, 2024 (GLOBE NEWSWIRE) -- Navient (NASDAQ:NAVI) today posted its 2024 second quarter financial results. Complete financial results are available on the company's website at Navient.com/investors. The materials will also be available on Form 8-K on the SEC's website at www.sec.gov. Navient will hold a live audio webcast today, July 24, 2024, at 8 a.m. ET, hosted by David Yowan, president and CEO, and Joe Fisher, CFO. Analysts and investors who wish to ask questions are requested to pre-register at Navient.com/investors at least 15 minutes ahead of start time to receive their personal dial-in access details. Others who wish to join in listen-only mode do not need to p
HERNDON, Va., July 10, 2024 (GLOBE NEWSWIRE) -- Navient (NASDAQ:NAVI) will host an audio webcast to review its 2024 second quarter financial results on Wednesday, July 24, 2024, at 8:00 a.m. Eastern Time. The results are scheduled to be released the same day by 7:00 a.m. on Navient.com/investors. In addition to being available on the company's investor website, the results will be filed with the SEC on a Form 8-K available at SEC.gov. The webcast and presentation slides also will be available on Navient.com/investors. Analysts and investors who wish to ask questions are requested to pre-register anytime ahead of the webcast or at least 15 minutes ahead of start time to receive their perso
Accomplished Product Leader Focused on Making Higher Education Accessible to All Earnest, a fintech company empowering students to maximize their financial futures, announced Nick Norcross as its new Chief Product Officer. Norcross brings nearly two decades of successful fintech product development and leadership to the team. "Nick has an outstanding track record building products that help people achieve financial success," said David Green, Earnest CEO. "He is passionate about helping Earnest's customers achieve that same success and building a best-in-class team that aims to make education accessible to everyone." "Over 70% of current and former student borrowers say they've delaye
HERNDON, Va., April 24, 2024 (GLOBE NEWSWIRE) -- Navient (NASDAQ:NAVI), a leader in technology-enabled education finance and business processing solutions, today posted its 2024 first quarter financial results. The complete financial results release is available on the company's website at Navient.com/investors. The results will also be available on Form 8-K on the SEC's website at www.sec.gov. Navient will hold a live audio webcast today, April 24, 2024, at 8 a.m. ET, hosted by David Yowan, president and CEO, and Joe Fisher, CFO. Analysts and investors who wish to ask questions are requested to pre-register at Navient.com/investors at least 15 minutes ahead of start time to receive thei
HERNDON, Va., April 10, 2024 (GLOBE NEWSWIRE) -- Navient (NASDAQ:NAVI), a leader in technology-enabled education finance and business processing solutions, will host an audio webcast to review its 2024 first quarter financial results on Wednesday, April 24, 2024, at 8:00 a.m. Eastern Time. The results are scheduled to be released the same day by 7:00 a.m. on Navient.com/investors. In addition to being available on the company's investor website, the results will be filed with the SEC on a Form 8-K available at SEC.gov. The webcast and presentation slides also will be available on Navient.com/investors. Analysts and investors who wish to ask questions are requested to pre-register anytime
HERNDON, Va., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Navient (NASDAQ:NAVI), a leader in technology-enabled education finance and business processing solutions, today posted its 2023 fourth quarter financial results. Complete financial results as well as materials related to Navient's in-depth business review are available on the company's website at Navient.com/investors. The materials will also be available on Form 8-K on the SEC's website at www.sec.gov. Navient will hold a live audio webcast today, Jan. 31, 2024, at 8 a.m. ET, to provide in-depth commentary on results of its business review and discuss its financial results. The webcast will be hosted by David Yowan, president and CEO, Edwa
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Gallant Capital Partners ("Gallant") announced that it has signed a definitive agreement to acquire the Government Services business ("NGS" or the "Company") of Navient Corporation (NASDAQ:NAVI). NGS provides tech-enabled outsourced business processing to U.S. federal, state, and local government clients. NGS is a leader in the tolling and parking technology and services market and provides other mission-critical services to government agencies including call center support, revenue recovery services, program management, and payment processing. "NGS is a leader in the government services industry with a proven track record of technology-driven innovation and growth. We look forward to s
HERNDON, Va., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Navient (NASDAQ:NAVI) announced that its board of directors approved a 2024 fourth quarter dividend of $0.16 per share on the company's common stock. The fourth quarter 2024 dividend will be paid on Dec. 20, 2024, to shareholders of record at the close of business on Dec. 6, 2024. About NavientNavient (NASDAQ:NAVI) provides technology-enabled education finance and business processing solutions that simplify complex programs and help millions of people achieve success. Our customer-focused, data-driven services deliver exceptional results for clients in education and government. Learn more at navient.com. Contact:Media: Paul H
HERNDON, Va., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Navient (NASDAQ:NAVI) announced that its board of directors approved a 2024 third quarter dividend of $0.16 per share on the company's common stock. The third quarter 2024 dividend will be paid on Sept. 20, 2024, to shareholders of record at the close of business on Sept. 6, 2024. About NavientNavient (NASDAQ:NAVI) provides technology-enabled education finance and business processing solutions that simplify complex programs and help millions of people achieve success. Our customer-focused, data-driven services deliver exceptional results for clients in education, healthcare, and government. Learn more at navient.com. Contact:Media: Paul Ha
HERNDON, Va., May 23, 2024 (GLOBE NEWSWIRE) -- Navient (NASDAQ:NAVI), a leader in technology-enabled education finance and business processing solutions, announced that its board of directors approved a 2024 second quarter dividend of $0.16 per share on the company's common stock. The second quarter 2024 dividend will be paid on June 21, 2024, to shareholders of record at the close of business on June 7, 2024. About NavientNavient (NASDAQ:NAVI) provides technology-enabled education finance and business processing solutions that simplify complex programs and help millions of people achieve success. Our customer-focused, data-driven services deliver exceptional results for clients
HERNDON, Va., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Navient (NASDAQ:NAVI), a leader in technology-enabled education finance and business processing solutions, announced that its board of directors approved a 2024 first quarter dividend of $0.16 per share on the company's common stock. The first quarter 2024 dividend will be paid on March 15, 2024, to shareholders of record at the close of business on March 1, 2024. About NavientNavient (NASDAQ:NAVI) provides technology-enabled education finance and business processing solutions that simplify complex programs and help millions of people achieve success. Our customer-focused, data-driven services deliver exceptional results for clients in educ
HERNDON, Va., Nov. 15, 2023 (GLOBE NEWSWIRE) -- Navient (NASDAQ:NAVI), a leader in technology-enabled education finance and business processing solutions, announced that its board of directors approved a 2023 fourth quarter dividend of $0.16 per share on the company's common stock. The fourth quarter 2023 dividend will be paid on Dec. 15, 2023, to shareholders of record at the close of business on Dec. 1, 2023. About NavientNavient (NASDAQ:NAVI) provides technology-enabled education finance and business processing solutions that simplify complex programs and help millions of people achieve success. Our customer-focused, data-driven services deliver exceptional results for clients in educ
HERNDON, Va., Aug. 10, 2023 (GLOBE NEWSWIRE) -- Navient (NASDAQ:NAVI), a leader in technology-enabled education finance and business processing solutions, announced that its board of directors approved a 2023 third quarter dividend of $0.16 per share on the company's common stock. The third quarter 2023 dividend will be paid on Sept.15, 2023, to shareholders of record at the close of business on Sept.1, 2023. About NavientNavient (NASDAQ:NAVI) provides technology-enabled education finance and business processing solutions that simplify complex programs and help millions of people achieve success. Our customer-focused, data-driven services deliver exceptional results for clients in educat
WILMINGTON, Del., May 25, 2023 (GLOBE NEWSWIRE) -- Navient (NASDAQ:NAVI), a leader in technology-enabled education finance and business processing solutions, announced that its board of directors approved a 2023 second quarter dividend of $0.16 per share on the company's common stock. The second quarter 2023 dividend will be paid on June 16, 2023, to shareholders of record at the close of business on June 2, 2023. About NavientNavient (NASDAQ:NAVI) provides technology-enabled education finance and business processing solutions that simplify complex programs and help millions of people achieve success. Our customer-focused, data-driven services deliver exceptional results for clients in e
WILMINGTON, Del., Feb. 23, 2023 (GLOBE NEWSWIRE) -- Navient (NASDAQ:NAVI), a leader in technology-enabled education finance and business processing solutions, announced that its board of directors approved a 2023 first quarter dividend of $0.16 per share on the company's common stock. The first quarter 2023 dividend will be paid on March 17, 2023, to shareholders of record at the close of business on March 3, 2023. About NavientNavient (NASDAQ:NAVI) provides technology-enabled education finance and business processing solutions that simplify complex programs and help millions of people achieve success. Our customer-focused, data-driven services deliver exceptional results for clients in
WILMINGTON, Del., Jan. 09, 2023 (GLOBE NEWSWIRE) -- Navient (NASDAQ:NAVI), a leader in technology-enabled education finance and business processing solutions, plans to release its 2022 fourth quarter financial results on Navient.com/investors after market close on Tuesday, Jan. 24, 2023. Navient also will host an audio webcast to review results on Wednesday, Jan. 25, 2023, at 8 a.m. Eastern Time. Analysts and investors who wish to ask questions are requested to pre-register at Navient.com/investors anytime ahead of the webcast or at least 15 minutes ahead of start time to receive their personal dial-in access details. Others who wish to join in listen-only mode do not need to pre-register
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