Insider Selling: FTI Consulting, Inc. (NYSE:FCN) Insider Sells $197,344.00 in Stock

FTI Consulting, Inc. (NYSE:FCN) insider Holly Paul sold 881 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $224.00, for a total transaction of $197,344.00. Following the completion of the sale, the insider now directly owns 22,855 shares of the company’s stock, valued at approximately $5,119,520. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

FTI Consulting Stock Performance

Shares of FTI Consulting stock opened at $220.45 on Friday. The stock has a market cap of $7.87 billion, a PE ratio of 25.63 and a beta of 0.10. FTI Consulting, Inc. has a 12 month low of $171.81 and a 12 month high of $232.15. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.10. The business has a fifty day simple moving average of $212.97 and a 200-day simple moving average of $208.33.

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, topping the consensus estimate of $1.76 by $0.47. The business had revenue of $928.60 million during the quarter, compared to analyst estimates of $901.77 million. FTI Consulting had a return on equity of 15.97% and a net margin of 8.51%. FTI Consulting’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period last year, the company earned $1.34 earnings per share. On average, sell-side analysts anticipate that FTI Consulting, Inc. will post 8.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. William Blair restated an “outperform” rating on shares of FTI Consulting in a research report on Friday, April 26th. StockNews.com downgraded FTI Consulting from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Finally, Truist Financial lifted their price objective on shares of FTI Consulting from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 23rd.

Hedge Funds Weigh In On FTI Consulting

Several institutional investors and hedge funds have recently added to or reduced their stakes in FCN. Tompkins Financial Corp acquired a new stake in shares of FTI Consulting in the 4th quarter valued at $40,000. Covestor Ltd raised its position in FTI Consulting by 76.4% in the 1st quarter. Covestor Ltd now owns 217 shares of the business services provider’s stock worth $46,000 after purchasing an additional 94 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of FTI Consulting by 37.1% during the third quarter. Fifth Third Bancorp now owns 218 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 59 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in shares of FTI Consulting by 494.6% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 220 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 183 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in 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 acquiring an additional 63 shares during the period. 99.36% of the stock is currently owned by institutional investors.

FTI Consulting Company Profile

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.