FTI Consulting (NYSE:FCN) Stock Price Up 0.3%

FTI Consulting, Inc. (NYSE:FCN) shares rose 0.3% during trading on Thursday . The stock traded as high as $92.23 and last traded at $90.96, approximately 6,170 shares were traded during mid-day trading. A decline of 98% from the average daily volume of 278,182 shares. The stock had previously closed at $90.65.

Several analysts recently commented on FCN shares. ValuEngine upgraded shares of Zillow Group from a “hold” rating to a “buy” rating in a report on Thursday. SunTrust Banks restated a “hold” rating and set a $125.00 price target on shares of PepsiCo in a report on Wednesday.

The company has a debt-to-equity ratio of 0.19, a current ratio of 2.35 and a quick ratio of 2.35. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 22.75 and a beta of 0.26. The company has a fifty day moving average of $84.39.



FTI Consulting (NYSE:FCN) last posted its quarterly earnings results on Thursday, April 25th. The business services provider reported $1.63 EPS for the quarter, topping the consensus estimate of $1.00 by $0.63. The business had revenue of $551.27 million during the quarter, compared to analysts’ expectations of $517.69 million. FTI Consulting had a net margin of 8.37% and a return on equity of 13.13%. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the company posted $1.04 earnings per share. On average, equities analysts forecast that FTI Consulting, Inc. will post 4.24 earnings per share for the current fiscal year.

In related news, Director Gerard E. Holthaus sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $86.75, for a total transaction of $867,500.00. Following the transaction, the director now owns 77,759 shares of the company’s stock, valued at $6,745,593.25. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Holly Paul sold 9,574 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $84.41, for a total transaction of $808,141.34. Following the transaction, the insider now directly owns 25,792 shares in the company, valued at approximately $2,177,102.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,458 shares of company stock valued at $2,446,950. 2.56% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Carroll Financial Associates Inc. bought a new position in FTI Consulting during the second quarter valued at approximately $51,000. Marshall Wace North America L.P. raised its position in FTI Consulting by 27.0% during the first quarter. Marshall Wace North America L.P. now owns 1,323 shares of the business services provider’s stock valued at $101,000 after acquiring an additional 281 shares in the last quarter. Bank of Montreal Can raised its position in FTI Consulting by 6.3% during the first quarter. Bank of Montreal Can now owns 2,058 shares of the business services provider’s stock valued at $159,000 after acquiring an additional 122 shares in the last quarter. Magnus Financial Group LLC bought a new position in FTI Consulting during the fourth quarter valued at approximately $207,000. Finally, Oppenheimer & Co. Inc. bought a new position in FTI Consulting during the first quarter valued at approximately $253,000. 96.76% of the stock is currently owned by hedge funds and other 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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