FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Diversify Advisory Services LLC

Diversify Advisory Services LLC cut its position in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 62.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,677 shares of the business services provider's stock after selling 2,753 shares during the period. Diversify Advisory Services LLC's holdings in FTI Consulting were worth $358,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in FCN. Louisiana State Employees Retirement System purchased a new position in shares of FTI Consulting during the fourth quarter valued at approximately $1,992,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in FTI Consulting by 12.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,567 shares of the business services provider's stock worth $1,507,000 after purchasing an additional 831 shares during the period. Federated Hermes Inc. lifted its position in shares of FTI Consulting by 1.3% during the fourth quarter. Federated Hermes Inc. now owns 85,123 shares of the business services provider's stock worth $16,952,000 after purchasing an additional 1,110 shares during the last quarter. Xponance Inc. lifted its position in shares of FTI Consulting by 1.3% during the fourth quarter. Xponance Inc. now owns 4,929 shares of the business services provider's stock worth $982,000 after purchasing an additional 65 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new stake in shares of FTI Consulting during the fourth quarter valued at $57,000. 99.36% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other FTI Consulting news, CFO Ajay Sabherwal sold 596 shares of the stock in a transaction dated 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 directly owns 13,455 shares of the company's stock, valued at $3,042,579.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Ajay Sabherwal sold 596 shares of the company's stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $226.13, for a total transaction of $134,773.48. Following the transaction, the chief financial officer now directly owns 13,455 shares of the company's stock, valued at $3,042,579.15. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Paul Alderman Linton sold 3,127 shares of the firm's stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $222.74, for a total value of $696,507.98. Following the completion of the sale, the insider now directly owns 52,401 shares of the company's stock, valued at approximately $11,671,798.74. The disclosure for this sale can be found here. Insiders sold 6,604 shares of company stock worth $1,482,865 in the last three months. 2.51% of the stock is owned by insiders.

FTI Consulting Price Performance

Shares of FCN stock remained flat at $219.85 during mid-day trading on Friday. The company's stock had a trading volume of 138,757 shares, compared to its average volume of 182,104. FTI Consulting, Inc. has a twelve month low of $174.75 and a twelve month high of $243.60. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average of $217.61 and a 200-day moving average of $211.38. The firm has a market capitalization of $7.85 billion, a price-to-earnings ratio of 25.56 and a beta of 0.09.

FTI Consulting (NYSE:FCN - Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The business services provider reported $2.34 earnings per share for the quarter, topping analysts' consensus estimates of $2.02 by $0.32. The company had revenue of $949.16 million during the quarter, compared to analyst estimates of $938.67 million. FTI Consulting had a net margin of 8.90% and a return on equity of 16.34%. The firm's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.75 earnings per share. Analysts expect that FTI Consulting, Inc. will post 8.48 EPS for the current year.

Wall Street Analyst Weigh In

FCN has been the topic of several recent analyst reports. StockNews.com raised shares of FTI Consulting from a "hold" rating to a "buy" rating in a research note on Thursday, July 25th. William Blair reaffirmed an "outperform" rating on shares of FTI Consulting in a research report on Tuesday, June 25th.

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.