Allspring Global Investments Holdings LLC Has $774,000 Position in FTI Consulting, Inc. (NYSE:FCN)

Allspring Global Investments Holdings LLC lessened its holdings in FTI Consulting, Inc. (NYSE:FCN) by 10.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,592 shares of the business services provider’s stock after selling 403 shares during the period. Allspring Global Investments Holdings LLC’s holdings in FTI Consulting were worth $774,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Callan Family Office LLC acquired a new position in shares of FTI Consulting in the 2nd quarter worth approximately $291,000. Bank of New York Mellon Corp lifted its holdings in shares of FTI Consulting by 0.7% during the second quarter. Bank of New York Mellon Corp now owns 299,670 shares of the business services provider’s stock valued at $64,588,000 after acquiring an additional 2,094 shares during the period. &PARTNERS acquired a new stake in shares of FTI Consulting in the 2nd quarter valued at $411,000. Laurus Investment Counsel Inc. grew its holdings in shares of FTI Consulting by 61.5% in the 2nd quarter. Laurus Investment Counsel Inc. now owns 13,660 shares of the business services provider’s stock worth $2,944,000 after purchasing an additional 5,200 shares during the last quarter. Finally, American National Bank acquired a new stake in shares of FTI Consulting during the 2nd quarter worth about $59,000. Institutional investors own 99.36% of the company’s stock.

Analyst Ratings Changes

FCN has been the topic of several research analyst reports. StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a research note on Thursday, July 25th. William Blair reaffirmed an “outperform” rating on shares of FTI Consulting in a report on Tuesday, June 25th.

Insider Buying and Selling at FTI Consulting

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

FTI Consulting Stock Up 0.4 %

Shares of NYSE FCN opened at $223.35 on Thursday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.03. The company has a market cap of $7.97 billion, a price-to-earnings ratio of 25.97 and a beta of 0.09. FTI Consulting, Inc. has a 12-month low of $174.75 and a 12-month high of $243.60. The firm’s 50-day simple moving average is $221.61 and its 200 day simple moving average is $215.05.

FTI Consulting (NYSE:FCN) last announced its earnings results on Thursday, July 25th. The business services provider reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 8.90% and a return on equity of 16.34%. FTI Consulting’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.75 earnings per share. On average, research analysts expect that FTI Consulting, Inc. will post 8.48 earnings per share for the current fiscal year.

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.