FTI Consulting, Inc. (NYSE:FCN) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its holdings in FTI Consulting, Inc. (NYSE:FCN) by 8.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,882 shares of the business services provider’s stock after purchasing an additional 701 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in FTI Consulting were worth $1,868,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of FTI Consulting by 4.7% in the fourth quarter. Vanguard Group Inc. now owns 3,535,586 shares of the business services provider’s stock valued at $704,112,000 after acquiring an additional 157,206 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of FTI Consulting by 9.2% in the fourth quarter. Victory Capital Management Inc. now owns 1,989,993 shares of the business services provider’s stock valued at $396,307,000 after acquiring an additional 168,100 shares during the period. Morgan Stanley boosted its holdings in shares of FTI Consulting by 1.2% in the third quarter. Morgan Stanley now owns 1,452,226 shares of the business services provider’s stock valued at $259,092,000 after acquiring an additional 17,731 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of FTI Consulting by 26.8% in the third quarter. Ameriprise Financial Inc. now owns 606,786 shares of the business services provider’s stock valued at $108,257,000 after acquiring an additional 128,095 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings 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 during the period. 99.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FCN. StockNews.com downgraded FTI Consulting from a “buy” rating to a “hold” rating in a report on Friday, April 26th. William Blair reissued an “outperform” rating on shares of FTI Consulting in a report on Tuesday, June 25th.

FTI Consulting Price Performance

FTI Consulting stock opened at $217.77 on Friday. FTI Consulting, Inc. has a 12 month low of $171.81 and a 12 month high of $232.15. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.46 and a quick ratio of 2.46. The business has a 50 day simple moving average of $216.08 and a 200-day simple moving average of $207.13. The stock has a market capitalization of $7.77 billion, a PE ratio of 25.32 and a beta of 0.09.

FTI Consulting (NYSE:FCN) last released its quarterly earnings results on Thursday, April 25th. The business services provider reported $2.23 EPS for the quarter, topping 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 business had revenue of $928.60 million during the quarter, compared to analysts’ expectations of $901.77 million. During the same quarter in the prior year, the business earned $1.34 earnings per share. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. Equities analysts predict that FTI Consulting, Inc. will post 8.22 earnings per share for the current year.

Insider Transactions at FTI Consulting

In other FTI Consulting news, CEO Steven Henry Gunby sold 28,440 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $218.61, for a total value of $6,217,268.40. Following the completion of the transaction, the chief executive officer now owns 287,184 shares in the company, valued at $62,781,294.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other FTI Consulting news, CEO Steven Henry Gunby sold 28,440 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $218.61, for a total value of $6,217,268.40. Following the completion of the transaction, the chief executive officer now owns 287,184 shares in the company, valued at $62,781,294.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul Alderman Linton sold 16,552 shares of the stock in a transaction 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 completion of the transaction, the insider now owns 53,416 shares of the company’s stock, valued at approximately $11,579,520.48. The disclosure for this sale can be found here. Insiders sold 51,088 shares of company stock worth $11,163,977 over the last 90 days. 2.51% of the stock is currently owned by insiders.

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.