Insider Selling: FTI Consulting, Inc. (NYSE:FCN) Director Sells $454,240.00 in Stock

FTI Consulting, Inc. (NYSE:FCN) Director Mark S. Bartlett sold 2,000 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $227.12, for a total value of $454,240.00. Following the sale, the director now directly owns 26,099 shares of the company’s stock, valued at $5,927,604.88. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

FTI Consulting Price Performance

FTI Consulting stock opened at $217.97 on Thursday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average of $217.52 and a 200-day moving average of $210.41. FTI Consulting, Inc. has a 1 year low of $173.83 and a 1 year high of $243.60. The firm has a market capitalization of $7.78 billion, a P/E ratio of 25.35 and a beta of 0.09.

FTI Consulting (NYSE:FCN) last released its earnings results on Thursday, July 25th. The business services provider reported $2.34 EPS for the quarter, beating the consensus estimate of $2.02 by $0.32. The firm had revenue of $949.16 million for the quarter, compared to analysts’ expectations of $938.67 million. FTI Consulting had a return on equity of 16.34% and a net margin of 8.90%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.75 EPS. On average, equities analysts anticipate that FTI Consulting, Inc. will post 8.48 EPS for the current year.

Institutional Investors Weigh In On FTI Consulting

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. raised its stake in FTI Consulting by 9.2% in the 4th quarter. Victory Capital Management Inc. now owns 1,989,993 shares of the business services provider’s stock valued at $396,307,000 after acquiring an additional 168,100 shares during the period. Vanguard Group Inc. raised its stake in FTI Consulting by 4.7% in the 4th quarter. Vanguard Group Inc. now owns 3,535,586 shares of the business services provider’s stock valued at $704,112,000 after acquiring an additional 157,206 shares during the period. Mawer Investment Management Ltd. raised its stake in FTI Consulting by 4.1% in the 1st quarter. Mawer Investment Management Ltd. now owns 3,810,200 shares of the business services provider’s stock valued at $801,247,000 after acquiring an additional 149,722 shares during the period. Los Angeles Capital Management LLC bought a new stake in FTI Consulting in the 1st quarter valued at $22,540,000. Finally, Axiom Investors LLC DE raised its stake in FTI Consulting by 35.3% in the 4th quarter. Axiom Investors LLC DE now owns 330,244 shares of the business services provider’s stock valued at $65,768,000 after acquiring an additional 86,140 shares during the period. Institutional investors own 99.36% of the company’s stock.

Analyst Upgrades and Downgrades

FCN has been the subject of several recent research reports. William Blair reissued an “outperform” rating on shares of FTI Consulting in a report on Tuesday, June 25th. StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a report on Thursday, July 25th.

FTI Consulting Company Profile

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.