FTI Consulting, Inc. (NYSE:FCN)’s share price reached a new 52-week high on Monday . The company traded as high as $113.02 and last traded at $111.89, with a volume of 1321 shares. The stock had previously closed at $112.02.
A number of analysts recently weighed in on the stock. ValuEngine lowered shares of FTI Consulting from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. SunTrust Banks set a $120.00 target price on shares of FTI Consulting and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Sidoti upped their target price on shares of FTI Consulting from $121.00 to $134.00 and gave the stock a “buy” rating in a report on Thursday, October 10th.
The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.20 and a current ratio of 2.20. The firm has a market cap of $4.19 billion, a PE ratio of 28.08 and a beta of 0.24. The stock’s 50 day simple moving average is $108.38 and its 200 day simple moving average is $93.59.
In other FTI Consulting news, Director Vernon James Ellis sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $106.88, for a total value of $427,520.00. Following the completion of the transaction, the director now owns 28,093 shares of the company’s stock, valued at approximately $3,002,579.84. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Ajay Sabherwal sold 7,458 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $107.08, for a total transaction of $798,602.64. Following the completion of the transaction, the chief financial officer now directly owns 10,677 shares of the company’s stock, valued at approximately $1,143,293.16. The disclosure for this sale can be found here. In the last three months, insiders sold 30,338 shares of company stock valued at $3,179,095. Corporate insiders own 2.56% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Huntington National Bank purchased a new stake in shares of FTI Consulting in the 2nd quarter valued at $25,000. Atria Investments LLC purchased a new stake in FTI Consulting during the 2nd quarter valued at $38,000. Meeder Asset Management Inc. purchased a new stake in FTI Consulting during the 2nd quarter valued at $47,000. Carroll Financial Associates Inc. purchased a new stake in FTI Consulting during the 2nd quarter valued at $51,000. Finally, Point72 Asset Management L.P. purchased a new stake in FTI Consulting during the 2nd quarter valued at $59,000. 96.84% of the stock is owned by institutional investors.
FTI Consulting Company Profile (NYSE:FCN)
FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company's Corporate Finance & Restructuring segment provides turnaround and restructuring, business transformation, interim management, valuation and financial advisory, transaction, dispute advisory, and tax services, as well as mergers and acquisitions (M&A), and M&A integration services.
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