FTI Consulting (NYSE:FCN) Downgraded by StockNews.com to Hold

FTI Consulting (NYSE:FCN) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Separately, Truist Financial upped their target price on shares of FTI Consulting from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd.

FTI Consulting Stock Down 1.8 %

FCN opened at $211.36 on Friday. The company has a quick ratio of 1.74, a current ratio of 2.46 and a debt-to-equity ratio of 0.10. The firm has a 50 day moving average price of $207.58 and a 200-day moving average price of $205.41. FTI Consulting has a twelve month low of $167.39 and a twelve month high of $232.15. The stock has a market capitalization of $7.53 billion, a price-to-earnings ratio of 24.58 and a beta of 0.11.

FTI Consulting (NYSE:FCN) last issued its earnings results on Thursday, April 25th. The business services provider reported $2.23 earnings per share 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 firm had revenue of $928.60 million during the quarter, compared to analyst estimates of $901.77 million. During the same quarter in the prior year, the business earned $1.34 earnings per share. FTI Consulting’s revenue for the quarter was up 15.1% on a year-over-year basis. Equities research analysts forecast that FTI Consulting will post 8.15 earnings per share for the current year.

Insider Activity at FTI Consulting

In related news, insider Paul Alderman Linton sold 27,000 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $206.10, for a total transaction of $5,564,700.00. Following the sale, the insider now owns 44,284 shares of the company’s stock, valued at $9,126,932.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Claudio Costamagna sold 7,059 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $209.13, for a total transaction of $1,476,248.67. Following the sale, the director now owns 32,860 shares of the company’s stock, valued at $6,872,011.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Paul Alderman Linton sold 27,000 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $206.10, for a total transaction of $5,564,700.00. Following the sale, the insider now directly owns 44,284 shares in the company, valued at approximately $9,126,932.40. The disclosure for this sale can be found here. Insiders have sold a total of 36,715 shares of company stock valued at $7,617,513 over the last 90 days. 3.34% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FTI Consulting

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp raised its stake in shares of FTI Consulting by 23.4% in the fourth quarter. Fifth Third Bancorp now owns 269 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 51 shares during the period. KB Financial Partners LLC raised its stake in shares of FTI Consulting by 1.0% in the third quarter. KB Financial Partners LLC now owns 5,996 shares of the business services provider’s stock valued at $1,070,000 after acquiring an additional 58 shares during the period. Procyon Advisors LLC raised its stake in shares of FTI Consulting by 4.9% in the fourth quarter. Procyon Advisors LLC now owns 1,266 shares of the business services provider’s stock valued at $252,000 after acquiring an additional 59 shares during the period. Portside Wealth Group LLC raised its stake in shares of FTI Consulting by 5.1% in the fourth quarter. Portside Wealth Group LLC now owns 1,309 shares of the business services provider’s stock valued at $261,000 after acquiring an additional 63 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of FTI Consulting by 30.1% in the fourth quarter. Blue Trust Inc. now owns 272 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 63 shares during the period. 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.