FTI Consulting (NYSE:FCN) Upgraded to “Buy” by StockNews.com

StockNews.com upgraded shares of FTI Consulting (NYSE:FCN) from a hold rating to a buy rating in a research report sent to investors on Thursday.

Separately, William Blair reiterated an outperform rating on shares of FTI Consulting in a research report on Tuesday, June 25th.

FTI Consulting Trading Up 0.4 %

Shares of FCN stock opened at $226.48 on Thursday. FTI Consulting has a 12-month low of $171.81 and a 12-month high of $243.60. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.10. The firm’s 50 day moving average is $217.37 and its 200 day moving average is $209.53. The stock has a market capitalization of $8.09 billion, a P/E ratio of 26.24 and a beta of 0.09.

FTI Consulting (NYSE:FCN) last issued its earnings results on Thursday, July 25th. The business services provider reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.38. FTI Consulting had a net margin of 8.51% and a return on equity of 15.97%. The company had revenue of $949.16 million for the quarter, compared to analysts’ expectations of $938.67 million. During the same quarter last year, the company posted $1.75 earnings per share. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. Research analysts expect that FTI Consulting will post 8.3 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Ajay Sabherwal sold 596 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $226.13, for a total transaction of $134,773.48. Following the sale, the chief financial officer now directly owns 13,455 shares in the company, valued at approximately $3,042,579.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Steven Henry Gunby sold 28,440 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $218.61, for a total transaction of $6,217,268.40. Following the sale, the chief executive officer now directly owns 287,184 shares in the company, valued at approximately $62,781,294.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ajay Sabherwal sold 596 shares of FTI Consulting stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $226.13, for a total transaction of $134,773.48. Following the completion of the sale, the chief financial officer now owns 13,455 shares in the company, valued at $3,042,579.15. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,088 shares of company stock worth $11,163,977. Company insiders own 2.51% of the company’s stock.

Institutional Trading of FTI Consulting

A number of institutional investors and hedge funds have recently bought and sold shares of FCN. Nordea Investment Management AB grew its stake in shares of FTI Consulting by 458.7% in the 1st quarter. Nordea Investment Management AB now owns 17,287 shares of the business services provider’s stock worth $3,652,000 after buying an additional 14,193 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of FTI Consulting in the 1st quarter worth $584,000. Axiom Investors LLC DE grew its stake in shares of FTI Consulting by 35.3% in the 4th quarter. Axiom Investors LLC DE now owns 330,244 shares of the business services provider’s stock worth $65,768,000 after buying an additional 86,140 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of FTI Consulting by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 415,928 shares of the business services provider’s stock worth $82,832,000 after buying an additional 17,796 shares in the last quarter. Finally, Diversify Advisory Services LLC purchased a new position in shares of FTI Consulting in the 1st quarter worth $922,000. 99.36% of the stock is currently owned by institutional investors.

FTI Consulting Company 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.