Insider Selling: FTI Consulting, Inc. (NYSE:FCN) Insider Sells 16,552 Shares of Stock

FTI Consulting, Inc. (NYSE:FCN) insider Paul Alderman Linton sold 16,552 shares of the company’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $216.78, for a total transaction of $3,588,142.56. Following the transaction, the insider now owns 53,416 shares in the company, valued at $11,579,520.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Paul Alderman Linton also recently made the following trade(s):

• On Thursday, March 7th, Paul Alderman Linton sold 27,000 shares of FTI Consulting stock. The stock was sold at an average price of $206.10, for a total transaction of $5,564,700.00.

FTI Consulting Stock Down 0.1 %

Shares of NYSE FCN opened at $215.14 on Friday. FTI Consulting, Inc. has a 12-month low of $171.81 and a 12-month high of $232.15. The company has a market capitalization of $7.68 billion, a PE ratio of 25.02 and a beta of 0.10. 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’s 50-day moving average is $208.78 and its two-hundred day moving average is $206.29.

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. StockNews.com downgraded shares of 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 report on Friday, April 26th. Finally, Truist Financial upped their price target on shares of FTI Consulting from $240.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 23rd.

Hedge Funds Weigh In On FTI Consulting

Institutional investors and hedge funds have recently modified their holdings of the company. California Public Employees Retirement System lifted its stake in shares of FTI Consulting by 4.3% during the third quarter. California Public Employees Retirement System now owns 198,239 shares of the business services provider’s stock valued at $35,368,000 after buying an additional 8,143 shares during the period. Dakota Wealth Management lifted its stake in shares of FTI Consulting by 348.8% during the third quarter. Dakota Wealth Management now owns 5,044 shares of the business services provider’s stock valued at $900,000 after buying an additional 3,920 shares during the period. Tectonic Advisors LLC purchased a new position in shares of FTI Consulting during the third quarter valued at approximately $223,000. Oak Thistle LLC lifted its stake in shares of FTI Consulting by 105.3% during the fourth quarter. Oak Thistle LLC now owns 8,716 shares of the business services provider’s stock valued at $1,736,000 after buying an additional 4,470 shares during the period. Finally, Victory Capital Management Inc. raised its stake in FTI Consulting by 9.2% during the fourth quarter. Victory Capital Management Inc. now owns 1,989,993 shares of the business services provider’s stock worth $396,307,000 after purchasing an additional 168,100 shares during the period. Hedge funds and other institutional investors own 99.36% of the company’s stock.

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.