First Republic Investment Management Inc. Increases Position in FTI Consulting, Inc. (NYSE:FCN)

First Republic Investment Management Inc. lifted its holdings in FTI Consulting, Inc. (NYSE:FCN) by 26.1% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,606 shares of the business services provider’s stock after buying an additional 2,192 shares during the period. First Republic Investment Management Inc.’s holdings in FTI Consulting were worth $2,093,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in FTI Consulting by 0.8% in the first quarter. Vanguard Group Inc. now owns 3,168,469 shares of the business services provider’s stock valued at $498,147,000 after purchasing an additional 25,761 shares during the last quarter. Alliancebernstein L.P. lifted its stake in FTI Consulting by 266.7% in the fourth quarter. Alliancebernstein L.P. now owns 995,148 shares of the business services provider’s stock valued at $158,030,000 after purchasing an additional 723,795 shares during the last quarter. State Street Corp lifted its stake in FTI Consulting by 1.4% in the third quarter. State Street Corp now owns 958,348 shares of the business services provider’s stock valued at $158,808,000 after purchasing an additional 13,456 shares during the last quarter. FIL Ltd lifted its stake in FTI Consulting by 0.9% in the first quarter. FIL Ltd now owns 865,516 shares of the business services provider’s stock valued at $170,810,000 after purchasing an additional 7,717 shares during the last quarter. Finally, Black Creek Investment Management Inc. lifted its stake in FTI Consulting by 12.3% in the first quarter. Black Creek Investment Management Inc. now owns 524,136 shares of the business services provider’s stock valued at $103,438,000 after purchasing an additional 57,241 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on FTI Consulting in a research note on Thursday, August 17th. They issued a “hold” rating on the stock.

Insider Buying and Selling at FTI Consulting

In other FTI Consulting news, CEO Steven Henry Gunby sold 34,159 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $182.92, for a total transaction of $6,248,364.28. Following the sale, the chief executive officer now owns 375,823 shares of the company’s stock, valued at approximately $68,745,543.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Mark S. Bartlett sold 4,928 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $189.75, for a total value of $935,088.00. Following the transaction, the director now owns 26,954 shares of the company’s stock, valued at $5,114,521.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Steven Henry Gunby sold 34,159 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $182.92, for a total transaction of $6,248,364.28. Following the completion of the transaction, the chief executive officer now directly owns 375,823 shares in the company, valued at approximately $68,745,543.16. The disclosure for this sale can be found here. Insiders have sold 90,897 shares of company stock valued at $16,658,744 in the last 90 days. 3.34% of the stock is currently owned by company insiders.

FTI Consulting Trading Down 0.2 %

Shares of FCN stock opened at $177.52 on Friday. The company’s fifty day simple moving average is $188.37 and its two-hundred day simple moving average is $188.54. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.30 and a quick ratio of 2.30. FTI Consulting, Inc. has a 1 year low of $140.09 and a 1 year high of $205.63. The stock has a market capitalization of $6.04 billion, a price-to-earnings ratio of 27.02 and a beta of 0.21.

FTI Consulting (NYSE:FCN) last issued its earnings results on Thursday, July 27th. The business services provider reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.19. FTI Consulting had a net margin of 7.29% and a return on equity of 14.12%. The business had revenue of $864.59 million for the quarter, compared to analysts’ expectations of $821.85 million. As a group, analysts anticipate that FTI Consulting, Inc. will post 6.74 earnings per share for the current year.

FTI Consulting Profile

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