Gerard E. Holthaus Sells 1,492 Shares of FTI Consulting, Inc. (NYSE:FCN) 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 transaction of $329,940.88. Following the sale, the director now directly owns 67,314 shares of the company’s stock, valued at approximately $14,885,817.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

FTI Consulting Stock Down 0.4 %

FCN stock opened at $218.36 on Friday. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average of $209.21 and a two-hundred day moving average of $207.14. FTI Consulting, Inc. has a 12 month low of $171.81 and a 12 month high of $232.15. The company has a market cap of $7.80 billion, a price-to-earnings ratio of 25.39 and a beta of 0.10.

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on FCN shares. William Blair reiterated an “outperform” rating on shares of FTI Consulting in a report on Friday, April 26th. 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 report on Friday, February 23rd. Finally, StockNews.com lowered FTI Consulting from a “buy” rating to a “hold” rating in a report on Friday, April 26th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp grew its holdings in shares of FTI Consulting by 37.1% in the third quarter. Fifth Third Bancorp now owns 218 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 59 shares during the period. Tompkins Financial Corp purchased a new stake in shares of FTI Consulting in the 4th quarter valued at approximately $40,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of FTI Consulting by 494.6% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 220 shares of the business services provider’s stock worth $46,000 after buying an additional 183 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of FTI Consulting by 30.1% during the 4th quarter. Blue Trust Inc. now owns 272 shares of the business services provider’s stock worth $54,000 after buying an additional 63 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of FTI Consulting during the 4th quarter valued at approximately $56,000. 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.