FTI Consulting (NYSE:FCN) Hits New 1-Year High at $92.21

Shares of FTI Consulting, Inc. (NYSE:FCN) reached a new 52-week high on Wednesday . The company traded as high as $92.21 and last traded at $90.59, with a volume of 142002 shares traded. The stock had previously closed at $84.70.

A number of research firms have weighed in on FCN. SunTrust Banks reiterated a “hold” rating and set a $125.00 target price on shares of PepsiCo in a report on Wednesday. ValuEngine upgraded Zillow Group from a “hold” rating to a “buy” rating in a report on Thursday.

The company has a fifty day moving average of $84.39. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.19. The stock has a market cap of $3.24 billion, a PE ratio of 22.75 and a beta of 0.26.

FTI Consulting (NYSE:FCN) last posted its earnings results on Thursday, April 25th. The business services provider reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.63. FTI Consulting had a return on equity of 13.13% and a net margin of 8.37%. The firm had revenue of $551.27 million for the quarter, compared to the consensus estimate of $517.69 million. During the same quarter in the prior year, the business earned $1.04 EPS. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. Sell-side analysts forecast that FTI Consulting, Inc. will post 4.24 EPS for the current year.

In related news, Director Gerard E. Holthaus sold 8,884 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $86.82, for a total value of $771,308.88. Following the sale, the director now owns 77,759 shares in the company, valued at approximately $6,751,036.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Holly Paul sold 9,574 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $84.41, for a total value of $808,141.34. Following the completion of the sale, the insider now owns 25,792 shares in the company, valued at approximately $2,177,102.72. The disclosure for this sale can be found here. Insiders sold a total of 28,458 shares of company stock worth $2,446,950 in the last 90 days. 2.56% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of FCN. New York State Common Retirement Fund grew its stake in FTI Consulting by 11.4% in the fourth quarter. New York State Common Retirement Fund now owns 58,015 shares of the business services provider’s stock valued at $3,866,000 after acquiring an additional 5,930 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of FTI Consulting by 0.5% in the fourth quarter. Bank of New York Mellon Corp now owns 496,498 shares of the business services provider’s stock valued at $33,086,000 after purchasing an additional 2,349 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of FTI Consulting by 6.1% in the fourth quarter. Great West Life Assurance Co. Can now owns 51,181 shares of the business services provider’s stock valued at $3,147,000 after purchasing an additional 2,927 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of FTI Consulting by 257.7% in the fourth quarter. Hsbc Holdings PLC now owns 40,860 shares of the business services provider’s stock valued at $2,724,000 after purchasing an additional 29,438 shares in the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of FTI Consulting by 2.4% in the fourth quarter. California State Teachers Retirement System now owns 59,520 shares of the business services provider’s stock valued at $3,966,000 after purchasing an additional 1,382 shares in the last quarter. Institutional investors own 96.76% of the company’s stock.

About FTI Consulting (NYSE:FCN)

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company's Corporate Finance & Restructuring segment provides turnaround and restructuring, business transformation, interim management, valuation and financial advisory, transaction, dispute advisory, and tax services, as well as mergers and acquisitions (M&A), and M&A integration services.

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