FTI Consulting (NYSE:FCN) Shares Gap Up to $213.74

FTI Consulting, Inc. (NYSE:FCN - Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $213.74, but opened at $220.00. FTI Consulting shares last traded at $216.62, with a volume of 143,858 shares.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. StockNews.com lowered FTI Consulting from a "buy" rating to a "hold" rating in a research note on Thursday, April 18th. Truist Financial increased their price objective on FTI Consulting from $240.00 to $255.00 and gave the stock a "buy" rating in a research note on Friday, February 23rd.

FTI Consulting Trading Up 0.7 %

The stock has a market capitalization of $7.67 billion, a P/E ratio of 28.48 and a beta of 0.11. The firm's fifty day moving average is $206.71 and its 200-day moving average is $205.20.

FTI Consulting (NYSE:FCN - Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The business services provider reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.71. FTI Consulting had a net margin of 7.88% and a return on equity of 14.94%. 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 prior year, the company earned $1.52 EPS. The firm's quarterly revenue was up 19.4% on a year-over-year basis. Equities research analysts expect that FTI Consulting, Inc. will post 8.15 EPS for the current year.

Insider Buying and Selling

In other news, insider Paul Alderman Linton sold 27,000 shares of the firm's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $206.10, for a total value of $5,564,700.00. Following the transaction, the insider now owns 44,284 shares of the company's stock, valued at approximately $9,126,932.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Brenda J. Bacon bought 1,120 shares of the business's stock in a transaction on Friday, February 23rd. The shares were purchased at an average price of $222.96 per share, with a total value of $249,715.20. Following the completion of the purchase, the director now owns 15,292 shares of the company's stock, valued at approximately $3,409,504.32. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Paul Alderman Linton sold 27,000 shares of the business's stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $206.10, for a total value of $5,564,700.00. Following the transaction, the insider now owns 44,284 shares of the company's stock, valued at $9,126,932.40. The disclosure for this sale can be found here. Insiders sold 36,715 shares of company stock worth $7,617,513 in the last quarter. Insiders own 3.34% of the company's stock.

Institutional Trading of FTI Consulting

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in FTI Consulting by 4.7% in the fourth quarter. Vanguard Group Inc. now owns 3,535,586 shares of the business services provider's stock valued at $704,112,000 after purchasing an additional 157,206 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of FTI Consulting by 1.3% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,455,529 shares of the business services provider's stock worth $616,501,000 after acquiring an additional 44,819 shares during the period. Victory Capital Management Inc. lifted its position in FTI Consulting by 9.2% in the 4th quarter. Victory Capital Management Inc. now owns 1,989,993 shares of the business services provider's stock valued at $396,307,000 after acquiring an additional 168,100 shares in the last quarter. Morgan Stanley boosted its stake in FTI Consulting by 1.2% in the 3rd quarter. Morgan Stanley now owns 1,452,226 shares of the business services provider's stock worth $259,092,000 after purchasing an additional 17,731 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in FTI Consulting by 26.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 606,786 shares of the business services provider's stock worth $108,257,000 after purchasing an additional 128,095 shares in the last quarter. 99.36% of the stock is currently owned by institutional investors and hedge funds.

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.