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

FTI Consulting, Inc. (NYSE:FCN) Director Gerard E. Holthaus sold 1,492 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $221.14, for a total transaction of $329,940.88. Following the sale, the director now directly owns 67,314 shares of the company’s stock, valued at $14,885,817.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

FTI Consulting Price Performance

Shares of NYSE FCN opened at $219.24 on Thursday. FTI Consulting, Inc. has a 52 week low of $171.81 and a 52 week high of $232.15. The firm has a market cap of $7.83 billion, a P/E ratio of 25.49 and a beta of 0.10. The business’s 50 day moving average price is $208.98 and its 200 day moving average price is $207.06. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.10.

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On FTI Consulting

A number of large investors have recently modified their holdings of FCN. SG Americas Securities LLC acquired a new stake in shares of FTI Consulting in the third quarter valued at $431,000. Raymond James Financial Services Advisors Inc. lifted its position in shares of FTI Consulting by 9.2% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 1,459 shares of the business services provider’s stock worth $260,000 after purchasing an additional 123 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of FTI Consulting by 19.6% in the third quarter. Bank of New York Mellon Corp now owns 589,555 shares of the business services provider’s stock valued at $105,183,000 after purchasing an additional 96,504 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of FTI Consulting by 14.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,736 shares of the business services provider’s stock valued at $1,202,000 after purchasing an additional 831 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in FTI Consulting during the 3rd quarter worth approximately $2,347,000. 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.