1,908 Shares in FTI Consulting, Inc. (NYSE:FCN) Bought by &Partners

&Partners purchased a new stake in shares of FTI Consulting, Inc. (NYSE:FCN) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,908 shares of the business services provider’s stock, valued at approximately $411,000.

Several other institutional investors have also added to or reduced their stakes in the company. Laurus Investment Counsel Inc. raised its stake in shares of FTI Consulting by 61.5% during the second quarter. Laurus Investment Counsel Inc. now owns 13,660 shares of the business services provider’s stock valued at $2,944,000 after acquiring an additional 5,200 shares during the last quarter. American National Bank bought a new position in FTI Consulting during the 2nd quarter valued at approximately $59,000. Fifth Third Wealth Advisors LLC raised its position in FTI Consulting by 61.0% during the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 2,857 shares of the business services provider’s stock valued at $616,000 after purchasing an additional 1,083 shares during the last quarter. Blue Trust Inc. lifted its holdings in FTI Consulting by 229.1% in the 2nd quarter. Blue Trust Inc. now owns 836 shares of the business services provider’s stock worth $176,000 after buying an additional 582 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in shares of FTI Consulting by 325.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 5,576 shares of the business services provider’s stock worth $1,202,000 after buying an additional 4,266 shares during the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

Insider Transactions at FTI Consulting

In related news, Director Mark S. Bartlett sold 2,000 shares of FTI Consulting stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $227.12, for a total transaction of $454,240.00. Following the completion of the transaction, the director now directly owns 26,099 shares of the company’s stock, valued at approximately $5,927,604.88. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.51% of the company’s stock.

FTI Consulting Stock Performance

FTI Consulting stock opened at $223.70 on Friday. FTI Consulting, Inc. has a fifty-two week low of $174.75 and a fifty-two week high of $243.60. The stock’s 50 day simple moving average is $219.32 and its two-hundred day simple moving average is $213.24. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.20 and a current ratio of 2.20. The stock has a market cap of $7.99 billion, a price-to-earnings ratio of 26.01 and a beta of 0.09.

FTI Consulting (NYSE:FCN) last released its quarterly earnings results on Thursday, July 25th. The business services provider reported $2.34 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.32. The company had revenue of $949.16 million for the quarter, compared to analyst estimates of $938.67 million. FTI Consulting had a return on equity of 16.34% and a net margin of 8.90%. The firm’s revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.75 earnings per share. As a group, analysts expect that FTI Consulting, Inc. will post 8.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on FCN. William Blair reaffirmed an “outperform” rating on shares of FTI Consulting in a research note on Tuesday, June 25th. StockNews.com upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a report on Thursday, July 25th.

FTI Consulting 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.