Quadrature Capital Ltd Buys 3,835 Shares of FTI Consulting, Inc. (NYSE:FCN)

Quadrature Capital Ltd increased its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 178.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,980 shares of the business services provider’s stock after acquiring an additional 3,835 shares during the period. Quadrature Capital Ltd’s holdings in FTI Consulting were worth $1,257,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp raised its holdings in shares of FTI Consulting by 23.4% in the fourth quarter. Fifth Third Bancorp now owns 269 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 51 shares during the last quarter. Procyon Advisors LLC lifted its position in FTI Consulting by 4.9% during the 4th quarter. Procyon Advisors LLC now owns 1,266 shares of the business services provider’s stock worth $252,000 after buying an additional 59 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of FTI Consulting by 30.1% during the 4th quarter. Blue Trust Inc. now owns 272 shares of the business services provider’s stock worth $54,000 after buying an additional 63 shares during the last quarter. Amalgamated Bank grew its holdings in shares of FTI Consulting by 0.3% in the 4th quarter. Amalgamated Bank now owns 23,746 shares of the business services provider’s stock valued at $4,729,000 after acquiring an additional 63 shares in the last quarter. Finally, Coldstream Capital Management Inc. increased its position in shares of FTI Consulting by 4.0% in the fourth quarter. Coldstream Capital Management Inc. now owns 1,654 shares of the business services provider’s stock valued at $329,000 after acquiring an additional 64 shares during the last quarter. 99.36% of the stock is owned by institutional investors.

FTI Consulting Price Performance

FCN stock traded down $0.22 during midday trading on Friday, reaching $225.42. The company had a trading volume of 214,474 shares, compared to its average volume of 147,696. The company has a market capitalization of $8.05 billion, a price-to-earnings ratio of 26.21 and a beta of 0.09. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.20 and a quick ratio of 2.46. FTI Consulting, Inc. has a 1-year low of $171.81 and a 1-year high of $243.60. The stock has a 50 day moving average price of $217.49 and a 200-day moving average price of $209.85.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings data on Thursday, July 25th. The business services provider reported $2.34 EPS for the quarter, beating the consensus estimate of $2.02 by $0.32. FTI Consulting had a net margin of 8.90% and a return on equity of 16.34%. 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 previous year, the business earned $1.75 earnings per share. The company’s revenue was up 9.8% on a year-over-year basis. Equities research analysts expect that FTI Consulting, Inc. will post 8.3 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on FCN. StockNews.com upgraded FTI Consulting from a “hold” rating to a “buy” rating in a research note on Thursday. William Blair reaffirmed an “outperform” rating on shares of FTI Consulting in a research report on Tuesday, June 25th.

Insider Activity

In other news, CEO Steven Henry Gunby sold 28,440 shares of FTI Consulting stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $218.61, for a total value of $6,217,268.40. Following the completion of the sale, the chief executive officer now owns 287,184 shares in the company, valued at approximately $62,781,294.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Steven Henry Gunby sold 28,440 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $218.61, for a total transaction of $6,217,268.40. Following the transaction, the chief executive officer now directly owns 287,184 shares of the company’s stock, valued at approximately $62,781,294.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Paul Alderman Linton sold 16,552 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $216.78, for a total value of $3,588,142.56. Following the completion of the transaction, the insider now owns 53,416 shares in the company, valued at approximately $11,579,520.48. The disclosure for this sale can be found here. Insiders have sold 51,088 shares of company stock valued at $11,163,977 in the last ninety days. 2.51% of the stock is owned by company insiders.

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.