StockNews.com Lowers FTI Consulting (NYSE:FCN) to Hold

FTI Consulting (NYSE:FCN) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Friday.

Separately, Truist Financial raised their target price on FTI Consulting from $240.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 23rd.

FTI Consulting Price Performance

FTI Consulting stock opened at $215.31 on Friday. The stock’s fifty day moving average price is $206.71 and its two-hundred day moving average price is $205.20. FTI Consulting has a one year low of $167.39 and a one year high of $232.15. The firm has a market cap of $7.67 billion, a PE ratio of 27.93 and a beta of 0.11.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings data on Thursday, February 22nd. The business services provider reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.71. FTI Consulting had a return on equity of 14.94% and a net margin of 7.88%. The firm had revenue of $924.68 million for the quarter, compared to analyst estimates of $840.40 million. During the same quarter last year, the company earned $1.52 EPS. The company’s revenue was up 19.4% on a year-over-year basis. Sell-side analysts expect that FTI Consulting will post 8.15 earnings per share for the current fiscal year.

Insider Buying and Selling at FTI Consulting

In other FTI Consulting news, Director Brenda J. Bacon bought 1,120 shares of FTI Consulting stock in a transaction on Friday, February 23rd. The shares were purchased at an average price of $222.96 per share, with a total value of $249,715.20. Following the acquisition, the director now owns 15,292 shares in the company, valued at approximately $3,409,504.32. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Paul Alderman Linton sold 27,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $206.10, for a total transaction of $5,564,700.00. Following the sale, the insider now owns 44,284 shares of the company’s stock, valued at approximately $9,126,932.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Brenda J. Bacon acquired 1,120 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were purchased at an average cost of $222.96 per share, for a total transaction of $249,715.20. Following the acquisition, the director now owns 15,292 shares in the company, valued at $3,409,504.32. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 36,715 shares of company stock valued at $7,617,513. 3.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FTI Consulting

Several hedge funds have recently modified their holdings of FCN. Arlington Trust Co LLC acquired a new stake in shares of FTI Consulting during the 3rd quarter valued at $28,000. Fifth Third Bancorp boosted its holdings in shares of FTI Consulting by 37.1% during the 3rd quarter. Fifth Third Bancorp now owns 218 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 59 shares in the last quarter. Tompkins Financial Corp acquired a new position in FTI Consulting during the 4th quarter worth about $40,000. Blue Trust Inc. lifted its holdings in FTI Consulting by 30.1% during the 4th quarter. Blue Trust Inc. now owns 272 shares of the business services provider’s stock worth $54,000 after buying an additional 63 shares during the period. Finally, Quarry LP acquired a new position in FTI Consulting during the 4th quarter worth about $56,000. Institutional investors and hedge funds own 99.36% of the company’s stock.

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.