FTI Consulting (NYSE:FCN) Upgraded by StockNews.com to Buy

StockNews.com upgraded shares of FTI Consulting (NYSE:FCN) from a hold rating to a buy rating in a research report released on Wednesday morning.

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

FTI Consulting Trading Down 0.3 %

Shares of NYSE:FCN opened at $207.12 on Wednesday. FTI Consulting has a 52 week low of $167.39 and a 52 week high of $232.15. The company’s 50 day moving average is $203.46 and its two-hundred day moving average is $203.30. The company has a market cap of $7.36 billion, a PE ratio of 26.86 and a beta of 0.11.

FTI Consulting (NYSE:FCN) last posted its earnings results on Thursday, February 22nd. The business services provider reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.71. The firm had revenue of $924.68 million for the quarter, compared to the consensus estimate of $840.40 million. FTI Consulting had a net margin of 7.88% and a return on equity of 14.94%. The company’s revenue was up 19.4% on a year-over-year basis. During the same period last year, the firm posted $1.52 EPS. As a group, equities research analysts expect that FTI Consulting will post 8.15 EPS for the current year.

Insider Activity at FTI Consulting

In related news, Director Brenda J. Bacon bought 1,120 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were purchased 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 of the company’s stock, valued at approximately $3,409,504.32. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Paul Alderman Linton sold 27,000 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $206.10, for a total transaction of $5,564,700.00. Following the completion of the sale, the insider now owns 44,284 shares in the company, valued at approximately $9,126,932.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Brenda J. Bacon purchased 1,120 shares of the firm’s stock in a transaction that occurred on 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 owns 15,292 shares in the company, valued at $3,409,504.32. The disclosure for this purchase can be found here. Insiders have sold 36,715 shares of company stock valued at $7,617,513 in the last ninety days. Insiders own 3.34% of the company’s stock.

Institutional Trading of FTI Consulting

A number of large investors have recently bought and sold shares of FCN. Perpetual Ltd lifted its stake in shares of FTI Consulting by 22.8% in the 1st quarter. Perpetual Ltd now owns 18,832 shares of the business services provider’s stock worth $3,944,000 after acquiring an additional 3,500 shares during the period. Alaska Permanent Fund Corp lifted its stake in shares of FTI Consulting by 110.1% in the 1st quarter. Alaska Permanent Fund Corp now owns 51,993 shares of the business services provider’s stock worth $10,934,000 after acquiring an additional 27,242 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of FTI Consulting in the 1st quarter worth $22,540,000. Kapitalo Investimentos Ltda lifted its stake in shares of FTI Consulting by 76.5% in the 4th quarter. Kapitalo Investimentos Ltda now owns 925 shares of the business services provider’s stock worth $184,000 after acquiring an additional 401 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in shares of FTI Consulting in the 4th quarter worth $427,000. 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.