FTI Consulting, Inc. (NYSE:FCN) Insider Paul Alderman Linton Sells 16,552 Shares of Stock

FTI Consulting, Inc. (NYSE:FCN) insider Paul Alderman Linton sold 16,552 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 53,416 shares of the company’s stock, valued at $11,579,520.48. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

FCN stock opened at $212.54 on Thursday. FTI Consulting, Inc. has a 1 year low of $171.81 and a 1 year high of $232.15. The stock has a market capitalization of $7.59 billion, a price-to-earnings ratio of 24.71 and a beta of 0.11. 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’s fifty day moving average is $208.93 and its two-hundred day moving average is $206.04.

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

Hedge Funds Weigh In On FTI Consulting

Several hedge funds and other institutional investors have recently modified their holdings of FCN. Victory Capital Management Inc. boosted its holdings in shares of FTI Consulting by 59.1% during the third 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 holdings in shares of FTI Consulting by 6,793.8% during the third quarter. American Century Companies Inc. now owns 192,407 shares of the business services provider’s stock valued at $34,327,000 after acquiring an additional 189,616 shares during the period. Vanguard Group Inc. boosted its holdings in shares of FTI Consulting by 4.7% during the fourth quarter. Vanguard Group Inc. now owns 3,535,586 shares of the business services provider’s stock valued at $704,112,000 after acquiring an additional 157,206 shares during the period. Ameriprise Financial Inc. raised its stake in shares of FTI Consulting by 26.8% during the third quarter. Ameriprise Financial Inc. now owns 606,786 shares of the business services provider’s stock valued at $108,257,000 after purchasing an additional 128,095 shares in the last quarter. Finally, Van Berkom & Associates Inc. raised its stake in shares of FTI Consulting by 39.8% during the third quarter. Van Berkom & Associates Inc. now owns 389,062 shares of the business services provider’s stock valued at $69,413,000 after purchasing an additional 110,845 shares in 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 research analyst reports. StockNews.com cut FTI Consulting from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. 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 note on Friday, February 23rd. Finally, William Blair restated an “outperform” rating on shares of FTI Consulting in a research note on Friday, April 26th.

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.