William Blair Reiterates “Outperform” Rating for FTI Consulting (NYSE:FCN)

FTI Consulting (NYSE:FCN)‘s stock had its “outperform” rating restated by research analysts at William Blair in a research report issued to clients and investors on Wednesday, RTT News reports.

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

FTI Consulting Stock Up 2.0 %

Shares of NYSE:FCN opened at $183.96 on Wednesday. The company’s fifty day moving average is $187.02 and its two-hundred day moving average is $188.83. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.30 and a current ratio of 2.30. FTI Consulting has a 1-year low of $140.09 and a 1-year high of $205.63. The stock has a market capitalization of $6.25 billion, a price-to-earnings ratio of 28.00 and a beta of 0.21.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.19. FTI Consulting had a net margin of 7.29% and a return on equity of 14.12%. The firm had revenue of $864.59 million for the quarter, compared to analyst estimates of $821.85 million. Equities analysts anticipate that FTI Consulting will post 6.74 EPS for the current year.

Insider Transactions at FTI Consulting

In other FTI Consulting news, CEO Steven Henry Gunby sold 44,479 shares of FTI Consulting stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $181.66, for a total transaction of $8,080,055.14. Following the sale, the chief executive officer now owns 288,218 shares of the company’s stock, valued at approximately $52,357,681.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other FTI Consulting news, CEO Steven Henry Gunby sold 44,479 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $181.66, for a total transaction of $8,080,055.14. Following the sale, the chief executive officer now directly owns 288,218 shares in the company, valued at approximately $52,357,681.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brenda J. Bacon sold 3,991 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $191.45, for a total transaction of $764,076.95. Following the completion of the transaction, the director now owns 14,172 shares of the company’s stock, valued at $2,713,229.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 90,897 shares of company stock worth $16,658,744. Company insiders own 3.34% of the company’s stock.

Institutional Trading of FTI Consulting

Hedge funds and other institutional investors have recently modified their holdings of the company. Arlington Partners LLC bought a new position in shares of FTI Consulting during the 1st quarter valued at about $31,000. Ancora Advisors LLC acquired a new stake in FTI Consulting during the first quarter valued at approximately $32,000. CWM LLC boosted its holdings in FTI Consulting by 95.0% during the second quarter. CWM LLC now owns 195 shares of the business services provider’s stock worth $37,000 after buying an additional 95 shares in the last quarter. Clearstead Advisors LLC acquired a new position in FTI Consulting in the third quarter worth approximately $46,000. Finally, Headlands Technologies LLC bought a new position in shares of FTI Consulting in the second quarter valued at $49,000.

About FTI Consulting

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.