Insider Selling: FTI Consulting, Inc. (NYSE:FCN) Insider Sells $3,588,142.56 in Stock

FTI Consulting, Inc. (NYSE:FCN) insider Paul Alderman Linton sold 16,552 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $216.78, for a total value of $3,588,142.56. Following the completion of the sale, the insider now directly owns 53,416 shares of the company’s stock, valued at approximately $11,579,520.48. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Paul Alderman Linton also recently made the following trade(s):

• On Thursday, March 7th, Paul Alderman Linton sold 27,000 shares of FTI Consulting stock. The stock was sold at an average price of $206.10, for a total value of $5,564,700.00.

FTI Consulting Stock Performance

Shares of FCN opened at $215.14 on Friday. The stock has a 50-day moving average of $208.78 and a two-hundred day moving average of $206.29. FTI Consulting, Inc. has a one year low of $171.81 and a one year high of $232.15. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.46 and a current ratio of 2.46. The stock has a market cap of $7.68 billion, a P/E ratio of 25.02 and a beta of 0.10.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings results 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 return on equity of 15.97% and a net margin of 8.51%. The company had revenue of $928.60 million during the quarter, compared to analysts’ expectations of $901.77 million. During the same quarter in the previous year, the firm posted $1.34 EPS. The firm’s revenue was up 15.1% compared to the same quarter last year. As a group, research analysts predict that FTI Consulting, Inc. will post 8.22 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on FCN shares. Truist Financial raised their price objective on FTI Consulting from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. StockNews.com cut FTI Consulting from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Finally, William Blair reaffirmed an “outperform” rating on shares of FTI Consulting in a research report on Friday, April 26th.

Hedge Funds Weigh In On FTI Consulting

A number of institutional investors have recently modified their holdings of FCN. SG Americas Securities LLC purchased a new position in shares of FTI Consulting during the 3rd quarter valued at about $431,000. Dakota Wealth Management raised its stake in shares of FTI Consulting by 348.8% during the 3rd quarter. Dakota Wealth Management now owns 5,044 shares of the business services provider’s stock valued at $900,000 after buying an additional 3,920 shares during the last quarter. Tectonic Advisors LLC purchased a new position in shares of FTI Consulting during the 3rd quarter valued at about $223,000. Raymond James Financial Services Advisors Inc. raised its stake in shares of FTI Consulting by 9.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,459 shares of the business services provider’s stock valued at $260,000 after buying an additional 123 shares during the last quarter. Finally, Arlington Trust Co LLC purchased a new position in shares of FTI Consulting during the 3rd quarter valued at about $28,000. Hedge funds and other institutional investors own 99.36% 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.