Retirement Systems of Alabama Sells 742 Shares of FTI Consulting, Inc. (NYSE:FCN)

Retirement Systems of Alabama decreased its holdings in FTI Consulting, Inc. (NYSE:FCN) by 1.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 43,732 shares of the business services provider’s stock after selling 742 shares during the period. Retirement Systems of Alabama owned approximately 0.12% of FTI Consulting worth $9,196,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of FCN. American Century Companies Inc. boosted its stake in FTI Consulting by 6,793.8% in the third quarter. American Century Companies Inc. now owns 192,407 shares of the business services provider’s stock valued at $34,327,000 after buying an additional 189,616 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of 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 purchasing an additional 168,100 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of FTI Consulting by 4.7% during the 4th 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 during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of FTI Consulting by 26.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 606,786 shares of the business services provider’s stock valued at $108,257,000 after purchasing an additional 128,095 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in FTI Consulting during the 1st quarter worth approximately $22,540,000. Institutional investors own 99.36% of the company’s stock.

FTI Consulting Trading Down 1.9 %

Shares of FCN stock traded down $4.16 during trading hours on Friday, hitting $213.61. 106,919 shares of the company’s stock traded hands, compared to its average volume of 186,690. The stock has a market cap of $7.63 billion, a PE ratio of 24.92 and a beta of 0.09. FTI Consulting, Inc. has a 12 month low of $171.81 and a 12 month high of $232.15. The stock’s 50 day simple moving average is $216.08 and its 200 day simple moving average is $207.13. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.10.

FTI Consulting (NYSE:FCN) last released its earnings results on Thursday, April 25th. The business services provider reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.47. The business had revenue of $928.60 million for the quarter, compared to analyst estimates of $901.77 million. FTI Consulting had a net margin of 8.51% and a return on equity of 15.97%. FTI Consulting’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.34 earnings per share. On average, sell-side analysts anticipate that FTI Consulting, Inc. will post 8.22 EPS for the current year.

Analyst Upgrades and Downgrades

FCN has been the topic of a number of research reports. StockNews.com cut shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. William Blair restated an “outperform” rating on shares of FTI Consulting in a research report on Tuesday, June 25th.

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 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 Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Ajay Sabherwal sold 596 shares of the company’s 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 approximately $3,042,579.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Holly Paul sold 881 shares of FTI Consulting stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $224.00, for a total value of $197,344.00. Following the transaction, the insider now owns 22,855 shares of the company’s stock, valued at approximately $5,119,520. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,088 shares of company stock valued at $11,163,977. Company insiders own 2.51% of the company’s stock.

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.