FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. lowered its stake in FTI Consulting, Inc. (NYSE:FCN) by 5.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 24,438 shares of the business services provider’s stock after selling 1,293 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in FTI Consulting were worth $4,867,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in FCN. Victory Capital Management Inc. grew its stake in FTI Consulting by 59.1% in the 3rd quarter. Victory Capital Management Inc. now owns 1,821,893 shares of the business services provider’s stock valued at $325,044,000 after acquiring an additional 676,599 shares during the period. American Century Companies Inc. boosted its stake in FTI Consulting by 6,793.8% during the 3rd quarter. American Century Companies Inc. now owns 192,407 shares of the business services provider’s stock worth $34,327,000 after purchasing an additional 189,616 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in FTI Consulting by 26.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 606,786 shares of the business services provider’s stock worth $108,257,000 after purchasing an additional 128,095 shares during the last quarter. Van Berkom & Associates Inc. boosted its stake in FTI Consulting by 39.8% during the 3rd quarter. Van Berkom & Associates Inc. now owns 389,062 shares of the business services provider’s stock worth $69,413,000 after purchasing an additional 110,845 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in FTI Consulting by 32.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 398,132 shares of the business services provider’s stock worth $71,031,000 after purchasing an additional 98,614 shares during the last quarter. Institutional investors and hedge funds own 99.36% of the company’s stock.

Analyst Upgrades and Downgrades

FCN has been the topic of several recent research reports. William Blair reaffirmed an “outperform” rating on shares of FTI Consulting in a research note on Friday, April 26th. Truist Financial lifted their target price on shares of FTI Consulting from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Finally, StockNews.com cut shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Friday, April 26th.

FTI Consulting Trading Down 0.1 %

Shares of NYSE FCN traded down $0.11 during trading on Friday, hitting $215.14. 169,717 shares of the company were exchanged, compared to its average volume of 200,115. FTI Consulting, Inc. has a 12-month low of $171.81 and a 12-month 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 company has a fifty day moving average price of $208.78 and a 200-day moving average price of $206.29. The firm has a market capitalization of $7.68 billion, a PE ratio of 25.02 and a beta of 0.10.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings results on Thursday, April 25th. The business services provider reported $2.23 EPS for the quarter, topping the consensus estimate of $1.76 by $0.47. FTI Consulting had a return on equity of 15.97% and a net margin of 8.51%. The business had revenue of $928.60 million for the quarter, compared to analyst estimates of $901.77 million. During the same quarter in the previous year, the firm earned $1.34 EPS. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. As a group, equities research analysts expect that FTI Consulting, Inc. will post 8.22 EPS for the current year.

Insider Transactions at FTI Consulting

In related news, insider Paul Alderman Linton sold 16,552 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $216.78, for a total value of $3,588,142.56. Following the sale, the insider now directly owns 53,416 shares in the company, valued at approximately $11,579,520.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Brenda J. Bacon bought 1,120 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was bought at an average cost of $222.96 per share, with a total value of $249,715.20. Following the transaction, the director now directly owns 15,292 shares in the company, valued at approximately $3,409,504.32. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paul Alderman Linton sold 16,552 shares of FTI Consulting stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $216.78, for a total value of $3,588,142.56. Following the completion of the transaction, the insider now directly owns 53,416 shares of the company’s stock, valued at $11,579,520.48. The disclosure for this sale can be found here. Insiders have sold a total of 53,267 shares of company stock worth $11,205,656 in the last quarter. Company insiders own 2.51% 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.