FTI Consulting, Inc. (NYSE:FCN - Get Free Report) 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 - Get Free Report) 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.
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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.
View Our Latest Analysis on FTI Consulting
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
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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.
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