FTI Consulting (NYSE:FCN) Stock Rating Reaffirmed by William Blair

William Blair reiterated their outperform rating on shares of FTI Consulting (NYSE:FCN) in a research report released on Tuesday morning, RTT News reports.

Separately, StockNews.com downgraded shares of FTI Consulting from a buy rating to a hold rating in a research report on Friday, April 26th.

FTI Consulting Stock Down 1.8 %

FTI Consulting stock opened at $215.25 on Tuesday. The business’s 50-day moving average price is $215.86 and its 200 day moving average price is $207.02. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.10. The firm has a market cap of $7.68 billion, a price-to-earnings ratio of 25.03 and a beta of 0.08. FTI Consulting has a 52 week low of $171.81 and a 52 week high of $232.15.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings data 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 net margin of 8.51% and a return on equity of 15.97%. The business had revenue of $928.60 million for the quarter, compared to analysts’ expectations of $901.77 million. During the same quarter last year, the company earned $1.34 EPS. The business’s revenue was up 15.1% on a year-over-year basis. As a group, sell-side analysts anticipate that FTI Consulting will post 8.22 earnings per share for the current year.

Insider Buying and Selling at FTI Consulting

In other news, CFO Ajay Sabherwal sold 596 shares of the company’s stock in a transaction that occurred 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 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 sale was disclosed in a filing with the SEC, which is available at this link. In other news, CFO Ajay Sabherwal sold 596 shares of FTI Consulting stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $226.13, for a total value of $134,773.48. Following the sale, the chief financial officer now owns 13,455 shares in the company, valued at $3,042,579.15. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Paul Alderman Linton sold 16,552 shares of the company’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $216.78, for a total transaction of $3,588,142.56. Following the transaction, the insider now owns 53,416 shares of the company’s stock, valued at approximately $11,579,520.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,088 shares of company stock valued at $11,163,977. Company insiders own 2.51% of the company’s stock.

Hedge Funds Weigh In On FTI Consulting

Several hedge funds and other institutional investors have recently made changes to their positions in FCN. American Century Companies Inc. boosted its position in FTI Consulting by 6,793.8% during the third quarter. American Century Companies Inc. now owns 192,407 shares of the business services provider’s stock worth $34,327,000 after acquiring an additional 189,616 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of FTI Consulting by 9.2% in the fourth quarter. Victory Capital Management Inc. now owns 1,989,993 shares of the business services provider’s stock valued at $396,307,000 after purchasing an additional 168,100 shares during the last quarter. Vanguard Group Inc. lifted its position in FTI Consulting by 4.7% during the fourth quarter. Vanguard Group Inc. now owns 3,535,586 shares of the business services provider’s stock worth $704,112,000 after buying an additional 157,206 shares in the last quarter. Mawer Investment Management Ltd. boosted its stake in FTI Consulting by 4.1% during the first quarter. Mawer Investment Management Ltd. now owns 3,810,200 shares of the business services provider’s stock worth $801,247,000 after buying an additional 149,722 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in FTI Consulting by 26.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 606,786 shares of the business services provider’s stock valued at $108,257,000 after buying an additional 128,095 shares in the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

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.