Kayne Anderson Rudnick Investment Management LLC Raises Holdings in FTI Consulting, Inc. (NYSE:FCN)

Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 0.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,400,539 shares of the business services provider’s stock after acquiring an additional 2,089 shares during the period. FTI Consulting comprises approximately 1.8% of Kayne Anderson Rudnick Investment Management LLC’s investment portfolio, making the stock its 8th biggest holding. Kayne Anderson Rudnick Investment Management LLC owned approximately 0.10% of FTI Consulting worth $732,918,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of FCN. Sei Investments Co. grew its position in shares of FTI Consulting by 4.3% during the 2nd quarter. Sei Investments Co. now owns 110,336 shares of the business services provider’s stock worth $23,782,000 after buying an additional 4,516 shares in the last quarter. Canada Pension Plan Investment Board increased its position in FTI Consulting by 70.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 5,800 shares of the business services provider’s stock valued at $1,250,000 after purchasing an additional 2,400 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in FTI Consulting by 151.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 554 shares of the business services provider’s stock valued at $119,000 after purchasing an additional 334 shares during the period. Inspire Investing LLC raised its holdings in shares of FTI Consulting by 5.0% in the 2nd quarter. Inspire Investing LLC now owns 8,232 shares of the business services provider’s stock valued at $1,774,000 after purchasing an additional 392 shares in the last quarter. Finally, Argent Trust Co purchased a new stake in shares of FTI Consulting in the 2nd quarter worth approximately $218,000. Hedge funds and other institutional investors own 99.36% of the company’s stock.

FTI Consulting Stock Performance

Shares of FTI Consulting stock opened at $227.10 on Friday. The company has a market capitalization of $8.11 billion, a PE ratio of 26.41 and a beta of 0.10. The company has a 50-day simple moving average of $222.93 and a two-hundred day simple moving average of $216.22. FTI Consulting, Inc. has a one year low of $175.03 and a one year high of $243.60. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.20 and a current ratio of 2.20.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $938.67 million. FTI Consulting had a net margin of 8.90% and a return on equity of 16.34%. FTI Consulting’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.75 EPS. Research analysts expect that FTI Consulting, Inc. will post 8.48 EPS for the current fiscal year.

Insider Transactions at FTI Consulting

In other FTI Consulting news, Director Mark S. Bartlett sold 2,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $227.12, for a total value of $454,240.00. Following the completion of the sale, the director now owns 26,099 shares of the company’s stock, valued at $5,927,604.88. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 2.51% of the company’s stock.

Wall Street Analysts Forecast Growth

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

FTI Consulting 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.