FTI Consulting, Inc. (NYSE:FCN) Director Gerard E. Holthaus Sells 1,492 Shares

FTI Consulting, Inc. (NYSE:FCN) Director Gerard E. Holthaus sold 1,492 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $221.14, for a total value of $329,940.88. Following the completion of the sale, the director now directly owns 67,314 shares in the company, valued at approximately $14,885,817.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

FTI Consulting Stock Down 0.4 %

FCN stock opened at $218.36 on Friday. The company has a 50 day moving average price of $209.21 and a two-hundred day moving average price of $207.14. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.46 and a current ratio of 2.46. The stock has a market capitalization of $7.80 billion, a P/E ratio of 25.39 and a beta of 0.10. FTI Consulting, Inc. has a one year low of $171.81 and a one year high of $232.15.

FTI Consulting (NYSE:FCN) last released its earnings results on Thursday, April 25th. The business services provider reported $2.23 EPS for the quarter, beating the consensus estimate of $1.76 by $0.47. The firm had revenue of $928.60 million during the quarter, compared to analyst estimates of $901.77 million. FTI Consulting had a return on equity of 15.97% and a net margin of 8.51%. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.34 earnings per share. As a group, sell-side analysts expect that FTI Consulting, Inc. will post 8.22 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FCN. Truist Financial boosted their price target on FTI Consulting from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. William Blair reissued an “outperform” rating on shares of FTI Consulting in a research note on Friday, April 26th. Finally, StockNews.com lowered shares of FTI Consulting from a “buy” rating to a “hold” rating in a report on Friday, April 26th.

Institutional Investors Weigh In On FTI Consulting

Hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp increased its position in FTI Consulting by 37.1% during the third quarter. Fifth Third Bancorp now owns 218 shares of the business services provider’s stock worth $39,000 after purchasing an additional 59 shares during the last quarter. Tompkins Financial Corp acquired a new stake in shares of FTI Consulting during the 4th quarter worth $40,000. Benjamin F. Edwards & Company Inc. raised its position in shares of FTI Consulting by 494.6% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 220 shares of the business services provider’s stock worth $46,000 after buying an additional 183 shares during the period. Blue Trust Inc. boosted its holdings in 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 acquiring an additional 63 shares during the last quarter. Finally, Quarry LP purchased a new stake in FTI Consulting during the fourth quarter valued at about $56,000. 99.36% of the stock is owned by institutional investors and hedge funds.

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.