Benjamin F. Edwards & Company Inc. Increases Stake in FTI Consulting, Inc. (NYSE:FCN)

Benjamin F. Edwards & Company Inc. boosted its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 151.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 554 shares of the business services provider’s stock after purchasing an additional 334 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in FTI Consulting were worth $119,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of FTI Consulting by 4.7% during the fourth quarter. Vanguard Group Inc. now owns 3,535,586 shares of the business services provider’s stock worth $704,112,000 after buying an additional 157,206 shares during the period. Mawer Investment Management Ltd. lifted its position in FTI Consulting by 4.1% during the 1st quarter. Mawer Investment Management Ltd. now owns 3,810,200 shares of the business services provider’s stock worth $801,247,000 after acquiring an additional 149,722 shares during the period. Los Angeles Capital Management LLC purchased a new stake in FTI Consulting during the 1st quarter valued at about $22,540,000. American Century Companies Inc. boosted its position in FTI Consulting by 76.3% in the second quarter. American Century Companies Inc. now owns 224,744 shares of the business services provider’s stock valued at $48,439,000 after buying an additional 97,244 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in FTI Consulting by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 692,044 shares of the business services provider’s stock worth $149,164,000 after buying an additional 39,271 shares during the period. Institutional investors and hedge funds own 99.36% of the company’s stock.

FTI Consulting Price Performance

Shares of FTI Consulting stock opened at $227.30 on Friday. 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 twelve month low of $176.09 and a twelve month high of $243.60. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $223.04 and a 200 day moving average price of $216.81.

FTI Consulting (NYSE:FCN) last announced its earnings results 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. FTI Consulting had a return on equity of 16.34% and a net margin of 8.90%. The business had revenue of $949.16 million during the quarter, compared to the consensus estimate of $938.67 million. During the same period in the prior year, the company posted $1.75 EPS. The business’s quarterly revenue was up 9.8% on a year-over-year basis. Sell-side analysts predict that FTI Consulting, Inc. will post 8.48 earnings per share for the current fiscal year.

Insider Buying and Selling at FTI Consulting

In other news, Director Mark S. Bartlett sold 2,000 shares of the business’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 owns 26,099 shares of the company’s stock, valued at $5,927,604.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.51% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on FCN. Truist Financial lifted their price objective on shares of FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday. StockNews.com upgraded FTI Consulting from a “hold” rating to a “buy” rating in a research report on Thursday, July 25th. Finally, William Blair reiterated an “outperform” rating on shares of FTI Consulting in a research note on Tuesday, June 25th.

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.