FTI Consulting (NYSE:FCN) Upgraded at StockNews.com

StockNews.com upgraded shares of FTI Consulting (NYSE:FCN) from a hold rating to a buy rating in a research note issued to investors on Thursday.

Separately, William Blair reaffirmed an outperform rating on shares of FTI Consulting in a report on Tuesday, June 25th.

FTI Consulting Stock Down 0.1 %

FTI Consulting stock opened at $225.42 on Thursday. The firm has a market cap of $8.05 billion, a price-to-earnings ratio of 26.21 and a beta of 0.09. FTI Consulting has a 52 week low of $171.81 and a 52 week high of $243.60. The business’s 50-day moving average price is $217.49 and its 200 day moving average price is $210.05. The company has a quick ratio of 2.46, a current ratio of 2.20 and a debt-to-equity ratio of 0.03.

FTI Consulting (NYSE:FCN) last posted its earnings results on Thursday, July 25th. The business services provider reported $2.34 EPS for the quarter, topping the consensus estimate of $2.02 by $0.32. The firm had revenue of $949.16 million for the quarter, compared to analyst estimates of $938.67 million. FTI Consulting had a return on equity of 16.34% and a net margin of 8.90%. FTI Consulting’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the company earned $1.75 earnings per share. As a group, sell-side analysts anticipate that FTI Consulting will post 8.48 earnings per share for the current year.

Insider Buying and Selling at FTI Consulting

In other FTI Consulting news, CFO Ajay Sabherwal sold 596 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $226.13, for a total value of $134,773.48. Following the sale, the chief financial officer now directly owns 13,455 shares of the company’s stock, valued at $3,042,579.15. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other FTI Consulting news, CFO Ajay Sabherwal sold 596 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $226.13, for a total value of $134,773.48. Following the sale, the chief financial officer now directly owns 13,455 shares of the company’s stock, valued at $3,042,579.15. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Paul Alderman Linton sold 16,552 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $216.78, for a total value of $3,588,142.56. Following the completion of the sale, the insider now directly owns 53,416 shares in the company, valued at $11,579,520.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,088 shares of company stock valued at $11,163,977. Company insiders own 2.51% of the company’s stock.

Hedge Funds Weigh In On FTI Consulting

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nordea Investment Management AB lifted its position in shares of FTI Consulting by 458.7% in the first quarter. Nordea Investment Management AB now owns 17,287 shares of the business services provider’s stock valued at $3,652,000 after acquiring an additional 14,193 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of FTI Consulting in the first quarter valued at approximately $584,000. Axiom Investors LLC DE lifted its position in shares of FTI Consulting by 35.3% in the fourth quarter. Axiom Investors LLC DE now owns 330,244 shares of the business services provider’s stock valued at $65,768,000 after acquiring an additional 86,140 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of FTI Consulting by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 415,928 shares of the business services provider’s stock valued at $82,832,000 after acquiring an additional 17,796 shares in the last quarter. Finally, Diversify Advisory Services LLC purchased a new position in shares of FTI Consulting in the first quarter valued at approximately $922,000. 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.