Shelton Capital Management reduced its position in FTI Consulting, Inc. (NYSE:FCN – Free Report) by 6.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,626 shares of the business services provider’s stock after selling 103 shares during the period. Shelton Capital Management’s holdings in FTI Consulting were worth $309,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of FCN. Ancora Advisors LLC purchased a new position in shares of FTI Consulting in the first quarter valued at $32,000. CWM LLC increased its holdings in FTI Consulting by 95.0% during the 2nd quarter. CWM LLC now owns 195 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 95 shares in the last quarter. Clearstead Advisors LLC acquired a new position in FTI Consulting during the third quarter worth about $46,000. Headlands Technologies LLC purchased a new stake in shares of FTI Consulting in the second quarter valued at about $49,000. Finally, Signaturefd LLC grew its position in shares of FTI Consulting by 35.8% in the first quarter. Signaturefd LLC now owns 288 shares of the business services provider’s stock valued at $57,000 after purchasing an additional 76 shares during the last quarter.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the company. William Blair reaffirmed an “outperform” rating on shares of FTI Consulting in a research note on Wednesday, September 13th. StockNews.com initiated coverage on FTI Consulting in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Finally, Truist Financial reissued a “buy” rating and issued a $210.00 target price on shares of FTI Consulting in a research note on Wednesday, October 18th.
In related news, insider Paul Alderman Linton sold 3,920 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $214.29, for a total value of $840,016.80. Following the sale, the insider now directly owns 41,130 shares of the company’s stock, valued at $8,813,747.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Paul Alderman Linton sold 3,920 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $214.29, for a total value of $840,016.80. Following the transaction, the insider now directly owns 41,130 shares of the company’s stock, valued at approximately $8,813,747.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Ajay Sabherwal sold 3,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $213.08, for a total value of $639,240.00. Following the sale, the chief financial officer now directly owns 13,511 shares of the company’s stock, valued at approximately $2,878,923.88. The disclosure for this sale can be found here. Insiders sold a total of 11,848 shares of company stock valued at $2,414,345 in the last 90 days. 3.34% of the stock is currently owned by insiders.
FTI Consulting Stock Up 1.4 %
FCN stock opened at $222.25 on Tuesday. The company has a 50 day moving average price of $195.37 and a two-hundred day moving average price of $189.96. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.21 and a current ratio of 2.21. The stock has a market capitalization of $7.89 billion, a P/E ratio of 32.88 and a beta of 0.17. FTI Consulting, Inc. has a one year low of $152.42 and a one year high of $223.57.
FTI Consulting (NYSE:FCN – Get Free Report) last announced its quarterly earnings data on Thursday, October 26th. The business services provider reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.50. FTI Consulting had a return on equity of 14.02% and a net margin of 7.21%. The business had revenue of $893.26 million during the quarter, compared to the consensus estimate of $850.70 million. During the same quarter in the previous year, the business earned $2.15 earnings per share. The business’s revenue for the quarter was up 15.1% on a year-over-year basis. As a group, sell-side analysts expect that FTI Consulting, Inc. will post 7 EPS for the current year.
FTI Consulting Profile
FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications.
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