FTI Consulting (NYSE:FCN) Lowered to Hold at StockNews.com

StockNews.com lowered shares of FTI Consulting (NYSE:FCN) from a buy rating to a hold rating in a report issued on Thursday.

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

FTI Consulting Stock Performance

Shares of FCN opened at $207.48 on Thursday. The stock has a 50 day moving average price of $205.02 and a 200 day moving average price of $204.26. The stock has a market capitalization of $7.37 billion, a price-to-earnings ratio of 26.91 and a beta of 0.11. FTI Consulting has a one year low of $167.39 and a one year high of $232.15.

FTI Consulting (NYSE:FCN) last issued its earnings results on Thursday, February 22nd. The business services provider reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.71. The company had revenue of $924.68 million during the quarter, compared to analysts’ expectations of $840.40 million. FTI Consulting had a return on equity of 14.94% and a net margin of 7.88%. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.52 EPS. On average, analysts predict that FTI Consulting will post 8.15 earnings per share for the current year.

Insider Activity

In other FTI Consulting news, Director Brenda J. Bacon purchased 1,120 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were acquired at an average price of $222.96 per share, with a total value of $249,715.20. Following the purchase, the director now directly owns 15,292 shares in the company, valued at approximately $3,409,504.32. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, General Counsel Curtis P. Lu sold 2,656 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $217.08, for a total transaction of $576,564.48. Following the transaction, the general counsel now owns 29,190 shares of the company’s stock, valued at approximately $6,336,565.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Brenda J. Bacon bought 1,120 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were purchased at an average cost of $222.96 per share, for a total transaction of $249,715.20. Following the purchase, the director now owns 15,292 shares in the company, valued at approximately $3,409,504.32. The disclosure for this purchase can be found here. Insiders have sold a total of 36,715 shares of company stock valued at $7,617,513 in the last quarter. Insiders own 3.34% of the company’s stock.

Hedge Funds Weigh In On FTI Consulting

Several hedge funds have recently bought and sold shares of FCN. Bank of Montreal Can lifted its stake in FTI Consulting by 270.4% during the 1st quarter. Bank of Montreal Can now owns 13,865 shares of the business services provider’s stock worth $2,195,000 after acquiring an additional 10,122 shares in the last quarter. MetLife Investment Management LLC lifted its stake in FTI Consulting by 33.4% during the 1st quarter. MetLife Investment Management LLC now owns 22,159 shares of the business services provider’s stock worth $3,484,000 after acquiring an additional 5,542 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in FTI Consulting by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,566 shares of the business services provider’s stock worth $1,976,000 after acquiring an additional 1,198 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in FTI Consulting by 8.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 19,575 shares of the business services provider’s stock worth $3,168,000 after acquiring an additional 1,505 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its stake in FTI Consulting by 1.6% during the 1st quarter. Yousif Capital Management LLC now owns 19,080 shares of the business services provider’s stock worth $3,000,000 after acquiring an additional 308 shares in the last quarter. Institutional investors and hedge funds 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.