FTI Consulting, Inc. (NYSE:FCN) CFO Sells $134,773.48 in Stock

FTI Consulting, Inc. (NYSE:FCN - Get Free Report) CFO Ajay Sabherwal sold 596 shares of the business's stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 13,455 shares of the company's stock, valued at approximately $3,042,579.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

FTI Consulting Stock Down 2.4 %

NYSE:FCN traded down $5.48 on Thursday, reaching $218.67. The stock had a trading volume of 130,511 shares, compared to its average volume of 199,537. FTI Consulting, Inc. has a 12-month low of $171.81 and a 12-month high of $232.15. The stock has a market cap of $7.81 billion, a P/E ratio of 25.43 and a beta of 0.10. 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 company has a 50-day moving average of $212.68 and a 200 day moving average of $208.30.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The business services provider reported $2.23 EPS for the quarter, topping analysts' consensus estimates of $1.76 by $0.47. FTI Consulting had a return on equity of 15.97% and a net margin of 8.51%. The business had revenue of $928.60 million during the quarter, compared to the consensus estimate of $901.77 million. During the same period last year, the firm earned $1.34 earnings per share. The company's revenue for the quarter was up 15.1% compared to the same quarter last year. On average, research analysts predict that FTI Consulting, Inc. will post 8.22 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FCN. Charles Schwab Investment Management Inc. increased its position in 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 purchasing an additional 17,796 shares during the last quarter. Apollon Wealth Management LLC bought a new stake in FTI Consulting during the fourth quarter worth about $910,000. California Public Employees Retirement System increased its holdings in FTI Consulting by 4.3% during the 3rd quarter. California Public Employees Retirement System now owns 198,239 shares of the business services provider's stock valued at $35,368,000 after purchasing an additional 8,143 shares in the last quarter. Oak Thistle LLC increased its stake in shares of FTI Consulting by 105.3% in the fourth quarter. Oak Thistle LLC now owns 8,716 shares of the business services provider's stock valued at $1,736,000 after buying an additional 4,470 shares in the last quarter. Finally, Victory Capital Management Inc. increased 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. Institutional investors and hedge funds own 99.36% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FCN. StockNews.com lowered shares of FTI Consulting from a "buy" rating to a "hold" rating in a report on Friday, April 26th. William Blair reaffirmed an "outperform" rating on shares of FTI Consulting in a research note on Friday, April 26th. Finally, Truist Financial boosted their price objective on shares of FTI Consulting from $240.00 to $255.00 and gave the company a "buy" rating in a research note on Friday, February 23rd.

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.