FTI Consulting, Inc. (NYSE:FCN) Director Brenda J. Bacon Acquires 1,120 Shares of Stock

FTI Consulting, Inc. (NYSE:FCNGet Free Report) Director Brenda J. Bacon bought 1,120 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was purchased at an average cost of $222.96 per share, for a total transaction of $249,715.20. Following the completion of the transaction, the director now directly owns 15,292 shares of the company’s stock, valued at approximately $3,409,504.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

FTI Consulting Price Performance

NYSE:FCN opened at $216.11 on Wednesday. FTI Consulting, Inc. has a 1 year low of $167.39 and a 1 year high of $232.15. The stock’s 50 day simple moving average is $197.93 and its two-hundred day simple moving average is $198.33. The company has a market cap of $7.68 billion, a price-to-earnings ratio of 28.03 and a beta of 0.11.

FTI Consulting (NYSE:FCNGet Free Report) last released its quarterly earnings data on Thursday, February 22nd. The business services provider reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.71. FTI Consulting had a return on equity of 14.94% and a net margin of 7.88%. The business had revenue of $924.68 million for the quarter, compared to the consensus estimate of $840.40 million. During the same quarter in the previous year, the company posted $1.52 EPS. The company’s revenue was up 19.4% compared to the same quarter last year. As a group, analysts anticipate that FTI Consulting, Inc. will post 8.14 EPS for the current year.

Hedge Funds Weigh In On FTI Consulting

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP purchased a new position in shares of FTI Consulting in the 4th quarter worth approximately $56,000. Mercer Global Advisors Inc. ADV purchased a new position in FTI Consulting during the 4th quarter valued at $202,000. Barclays PLC boosted its holdings in FTI Consulting by 74.2% during the 4th quarter. Barclays PLC now owns 37,631 shares of the business services provider’s stock valued at $7,494,000 after acquiring an additional 16,031 shares during the period. SkyView Investment Advisors LLC boosted its holdings in FTI Consulting by 9.5% during the 4th quarter. SkyView Investment Advisors LLC now owns 7,399 shares of the business services provider’s stock valued at $1,474,000 after acquiring an additional 645 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in FTI Consulting by 4.7% during the 4th 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.

Wall Street Analysts Forecast Growth

Separately, Truist Financial lifted their target price on FTI Consulting from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 23rd.

Read Our Latest Analysis on FTI Consulting

FTI Consulting Company Profile

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FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications.

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