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

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

FTI Consulting Stock Performance

NYSE FCN opened at $219.24 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.46 and a quick ratio of 2.46. The firm has a market capitalization of $7.83 billion, a price-to-earnings ratio of 25.49 and a beta of 0.10. The company’s fifty day moving average is $208.98 and its two-hundred day moving average is $207.06. FTI Consulting, Inc. has a 52-week low of $171.81 and a 52-week high of $232.15.

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

Hedge Funds Weigh In On FTI Consulting

Several institutional investors have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System lifted its holdings in FTI Consulting by 0.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 37,212 shares of the business services provider’s stock valued at $7,344,000 after purchasing an additional 108 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of FTI Consulting by 2.7% in the first quarter. Russell Investments Group Ltd. now owns 29,733 shares of the business services provider’s stock worth $6,253,000 after acquiring an additional 771 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of FTI Consulting in the first quarter worth about $74,000. Inspire Investing LLC raised its stake in shares of FTI Consulting by 17.6% in the first quarter. Inspire Investing LLC now owns 7,840 shares of the business services provider’s stock worth $1,649,000 after acquiring an additional 1,176 shares during the last quarter. Finally, Sei Investments Co. raised its stake in shares of FTI Consulting by 12.3% in the first quarter. Sei Investments Co. now owns 105,820 shares of the business services provider’s stock worth $22,252,000 after acquiring an additional 11,623 shares during the last quarter. 99.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

FCN has been the topic of a number of research reports. StockNews.com downgraded FTI Consulting from a “buy” rating to a “hold” rating in a report on Friday, April 26th. William Blair reaffirmed an “outperform” rating on shares of FTI Consulting in a research report on Friday, April 26th. Finally, Truist Financial boosted their target price on shares of FTI Consulting from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd.

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.