FTI Consulting, Inc. (NYSE:FCN) Position Boosted by Sei Investments Co.

Sei Investments Co. raised its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 4.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,336 shares of the business services provider’s stock after acquiring an additional 4,516 shares during the period. Sei Investments Co. owned approximately 0.31% of FTI Consulting worth $23,782,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in FCN. Nordea Investment Management AB raised its stake in shares of FTI Consulting by 458.7% during 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 purchasing an additional 14,193 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of FTI Consulting in the 1st quarter worth approximately $584,000. DB Fitzpatrick & Co Inc boosted its holdings in shares of FTI Consulting by 135.1% in the second quarter. DB Fitzpatrick & Co Inc now owns 5,931 shares of the business services provider’s stock valued at $1,278,000 after acquiring an additional 3,408 shares in the last quarter. Axiom Investors LLC DE increased its stake in shares of 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 valued at $65,768,000 after acquiring an additional 86,140 shares during the period. Finally, SG Americas Securities LLC raised its holdings in FTI Consulting by 298.4% during the second quarter. SG Americas Securities LLC now owns 4,060 shares of the business services provider’s stock worth $875,000 after purchasing an additional 3,041 shares in the last quarter. Institutional investors and hedge funds own 99.36% of the company’s stock.

FTI Consulting Stock Down 0.1 %

FCN stock opened at $227.27 on Wednesday. The firm has a market cap of $8.11 billion, a PE ratio of 26.43 and a beta of 0.10. FTI Consulting, Inc. has a 12 month low of $175.03 and a 12 month high of $243.60. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.20 and a quick ratio of 2.20. The firm has a 50 day simple moving average of $223.03 and a 200 day simple moving average of $216.66.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data on Thursday, July 25th. The business services provider reported $2.34 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.32. The business had revenue of $949.16 million during 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%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company posted $1.75 EPS. Equities research analysts forecast that FTI Consulting, Inc. will post 8.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FCN. William Blair reiterated an “outperform” rating on shares of FTI Consulting in a research report on Tuesday, June 25th. StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a report on Thursday, July 25th.

Insider Buying and Selling

In other FTI Consulting news, Director Mark S. Bartlett sold 2,000 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $227.12, for a total transaction of $454,240.00. Following the completion of the sale, the director now directly owns 26,099 shares of the company’s stock, valued at $5,927,604.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.51% of the stock is currently owned by company 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.