FTI Consulting (NYSE:FCN) Downgraded by StockNews.com to Hold

FTI Consulting (NYSE:FCN) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Thursday.

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

FTI Consulting Stock Performance

Shares of FCN stock opened at $204.50 on Thursday. FTI Consulting has a 52-week low of $167.39 and a 52-week high of $232.15. The stock has a market cap of $7.27 billion, a price-to-earnings ratio of 26.52 and a beta of 0.11. The firm has a fifty day moving average of $204.75 and a 200-day moving average of $204.23.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings data on Thursday, February 22nd. The business services provider reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.71. FTI Consulting had a net margin of 7.88% and a return on equity of 14.94%. The company had revenue of $924.68 million during the quarter, compared to analysts’ expectations of $840.40 million. During the same quarter in the prior year, the company posted $1.52 EPS. The business’s revenue was up 19.4% on a year-over-year basis. On average, sell-side analysts predict that FTI Consulting will post 8.15 earnings per share for the current year.

Insider Transactions at FTI Consulting

In other news, insider Paul Alderman Linton sold 27,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $206.10, for a total value of $5,564,700.00. Following the sale, the insider now owns 44,284 shares of the company’s stock, valued at approximately $9,126,932.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Brenda J. Bacon bought 1,120 shares of the stock in a transaction dated 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 acquisition, the director now owns 15,292 shares in the company, valued at $3,409,504.32. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paul Alderman Linton sold 27,000 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $206.10, for a total transaction of $5,564,700.00. Following the sale, the insider now directly owns 44,284 shares in the company, valued at approximately $9,126,932.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,715 shares of company stock valued at $7,617,513. 3.34% of the stock is owned by insiders.

Institutional Investors Weigh In On FTI Consulting

Hedge funds have recently added to or reduced their stakes in the stock. California Public Employees Retirement System grew its holdings in FTI Consulting by 4.3% during the 3rd quarter. California Public Employees Retirement System now owns 198,239 shares of the business services provider’s stock worth $35,368,000 after acquiring an additional 8,143 shares during the last quarter. Dakota Wealth Management boosted its stake in shares of FTI Consulting by 348.8% in the 3rd quarter. Dakota Wealth Management now owns 5,044 shares of the business services provider’s stock valued at $900,000 after purchasing an additional 3,920 shares during the last quarter. Tectonic Advisors LLC bought a new position in shares of FTI Consulting in the 3rd quarter valued at about $223,000. Oak Thistle LLC boosted its stake in shares of FTI Consulting by 105.3% in the 4th quarter. Oak Thistle LLC now owns 8,716 shares of the business services provider’s stock valued at $1,736,000 after purchasing an additional 4,470 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of FTI Consulting by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 3,378,380 shares of the business services provider’s stock valued at $602,737,000 after purchasing an additional 25,413 shares during the last quarter. Institutional investors 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.