Ameritas Investment Partners Inc. Sells 161 Shares of FTI Consulting, Inc. (NYSE:FCN)

Ameritas Investment Partners Inc. decreased its position in FTI Consulting, Inc. (NYSE:FCN) by 2.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 7,680 shares of the business services provider’s stock after selling 161 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in FTI Consulting were worth $1,615,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in FCN. Benjamin F. Edwards & Company Inc. increased its holdings in FTI Consulting by 494.6% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 220 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 183 shares in the last quarter. Covestor Ltd raised its stake in shares of FTI Consulting by 76.4% in the first quarter. Covestor Ltd now owns 217 shares of the business services provider’s stock worth $46,000 after acquiring an additional 94 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of FTI Consulting by 30.1% in the fourth quarter. Blue Trust Inc. now owns 272 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 63 shares in the last quarter. Fifth Third Bancorp grew its stake in FTI Consulting by 23.4% in the fourth quarter. Fifth Third Bancorp now owns 269 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 51 shares during the period. Finally, Quarry LP acquired a new stake in shares of FTI Consulting during the fourth quarter worth about $56,000. Institutional investors own 99.36% of the company’s stock.

Insider Activity at FTI Consulting

In other news, insider Paul Alderman Linton sold 16,552 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $216.78, for a total value of $3,588,142.56. Following the completion of the sale, the insider now owns 53,416 shares of the company’s stock, valued at $11,579,520.48. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Paul Alderman Linton sold 16,552 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $216.78, for a total value of $3,588,142.56. Following the completion of the sale, the insider now directly owns 53,416 shares in the company, valued at $11,579,520.48. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Gerard E. Holthaus sold 1,492 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $221.14, for a total value of $329,940.88. Following the sale, the director now directly owns 67,314 shares in the company, valued at approximately $14,885,817.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,088 shares of company stock worth $11,163,977. Insiders own 2.51% of the company’s stock.

FTI Consulting Stock Up 0.8 %

FTI Consulting stock traded up $1.87 during mid-day trading on Wednesday, reaching $229.06. The company’s stock had a trading volume of 92,143 shares, compared to its average volume of 180,834. The business’s 50 day simple moving average is $217.24 and its 200 day simple moving average is $209.38. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.46 and a current ratio of 2.46. FTI Consulting, Inc. has a 12 month low of $171.81 and a 12 month high of $232.15. The company has a market capitalization of $8.18 billion, a price-to-earnings ratio of 26.57 and a beta of 0.09.

FTI Consulting (NYSE:FCN) last released its earnings results on Thursday, April 25th. The business services provider reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.47. FTI Consulting had a return on equity of 15.97% and a net margin of 8.51%. The business had revenue of $928.60 million for the quarter, compared to the consensus estimate of $901.77 million. FTI Consulting’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.34 earnings per share. As a group, research analysts anticipate that FTI Consulting, Inc. will post 8.3 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. William Blair restated an “outperform” rating on shares of FTI Consulting in a report on Tuesday, June 25th. StockNews.com lowered FTI Consulting from a “buy” rating to a “hold” rating in a report on Friday, April 26th.

About FTI Consulting

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications segments. The Corporate Finance & Restructuring segment provides business transformation and strategy, transactions, and turnaround and restructuring services.