FTI Consulting (NYSE:FCN) Stock Rating Reaffirmed by William Blair

FTI Consulting (NYSE:FCN)‘s stock had its “outperform” rating reissued by research analysts at William Blair in a note issued to investors on Tuesday, RTT News reports.

Separately, StockNews.com cut FTI Consulting from a “buy” rating to a “hold” rating in a research note on Friday, April 26th.

FTI Consulting Stock Performance

Shares of FTI Consulting stock opened at $214.25 on Tuesday. The stock’s fifty day moving average is $215.55 and its two-hundred day moving average is $206.98. The company has a market capitalization of $7.65 billion, a PE ratio of 24.91 and a beta of 0.08. 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 has a 52 week low of $171.81 and a 52 week high of $232.15.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings data 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. 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 for the quarter, compared to the consensus estimate of $901.77 million. During the same quarter in the prior year, the company posted $1.34 EPS. FTI Consulting’s quarterly revenue was up 15.1% on a year-over-year basis. As a group, analysts expect that FTI Consulting will post 8.22 earnings per share for the current year.

Insider Buying and Selling

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

Hedge Funds Weigh In On FTI Consulting

Several hedge funds and other institutional investors have recently made changes to their positions in FCN. Axiom Investors LLC DE lifted its position in FTI Consulting by 35.3% during the fourth quarter. Axiom Investors LLC DE now owns 330,244 shares of the business services provider’s stock worth $65,768,000 after buying an additional 86,140 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in FTI Consulting by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 415,928 shares of the business services provider’s stock worth $82,832,000 after buying an additional 17,796 shares in the last quarter. Alaska Permanent Fund Corp lifted its position in FTI Consulting by 110.1% during the first quarter. Alaska Permanent Fund Corp now owns 51,993 shares of the business services provider’s stock worth $10,934,000 after buying an additional 27,242 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in FTI Consulting during the first quarter worth approximately $22,540,000. Finally, Apollon Wealth Management LLC purchased a new position in FTI Consulting during the fourth quarter worth approximately $910,000. Hedge funds and other institutional investors own 99.36% of the company’s stock.

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.