Versant Capital Management Inc Has $48,000 Stock Position in FTI Consulting, Inc. (NYSE:FCN)

Versant Capital Management Inc grew its stake in FTI Consulting, Inc. (NYSE:FCN) by 593.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 222 shares of the business services provider’s stock after purchasing an additional 190 shares during the quarter. Versant Capital Management Inc’s holdings in FTI Consulting were worth $48,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. lifted its stake in shares of FTI Consulting by 494.6% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 220 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 183 shares during the period. Covestor Ltd raised its stake in FTI Consulting by 76.4% during the 1st quarter. Covestor Ltd now owns 217 shares of the business services provider’s stock worth $46,000 after buying an additional 94 shares during the period. Fifth Third Bancorp raised its stake in FTI Consulting by 23.4% during the 4th quarter. Fifth Third Bancorp now owns 269 shares of the business services provider’s stock worth $54,000 after buying an additional 51 shares during the period. Blue Trust Inc. raised its stake in FTI Consulting by 30.1% during the 4th quarter. Blue Trust Inc. now owns 272 shares of the business services provider’s stock worth $54,000 after buying an additional 63 shares during the period. Finally, Quarry LP acquired a new stake in FTI Consulting during the 4th quarter worth $56,000. Institutional investors and hedge funds own 99.36% of the company’s stock.

Insiders Place Their Bets

In other news, Director Mark S. Bartlett sold 2,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $227.12, for a total value of $454,240.00. Following the completion of the transaction, the director now owns 26,099 shares in the company, valued at approximately $5,927,604.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other FTI Consulting news, insider Holly Paul 4,078 shares of the company’s stock in a transaction on Monday, July 29th. The was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mark S. Bartlett sold 2,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $227.12, for a total value of $454,240.00. Following the completion of the transaction, the director now owns 26,099 shares of the company’s stock, valued at approximately $5,927,604.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,044 shares of company stock worth $7,700,134. Corporate insiders own 2.51% of the company’s stock.

Analysts Set New Price Targets

FCN has been the topic of several research analyst reports. StockNews.com raised 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 note on Tuesday, June 25th.

FTI Consulting Stock Up 0.6 %

FCN stock traded up $1.34 during trading hours on Tuesday, reaching $216.52. 194,073 shares of the stock were exchanged, compared to its average volume of 183,094. The firm’s 50-day moving average is $217.34 and its 200-day moving average is $210.99. The company has a market cap of $7.73 billion, a price-to-earnings ratio of 25.18 and a beta of 0.09. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.20 and a quick ratio of 2.20. FTI Consulting, Inc. has a 12 month low of $174.75 and a 12 month high of $243.60.

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

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.