FTI Consulting (NYSE:FCN) Shares Gap Up to $213.74

FTI Consulting, Inc. (NYSE:FCN) shares gapped up prior to trading on Thursday . The stock had previously closed at $213.74, but opened at $220.00. FTI Consulting shares last traded at $216.62, with a volume of 143,858 shares changing hands.

Analysts Set New Price Targets

FCN has been the topic of a number of research analyst reports. StockNews.com downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. Truist Financial raised their price target 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 Trading Up 0.7 %

The firm’s 50-day moving average is $206.71 and its 200 day moving average is $205.20. The firm has a market capitalization of $7.67 billion, a price-to-earnings ratio of 28.48 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, topping the consensus estimate of $1.57 by $0.71. FTI Consulting had a net margin of 7.88% and a return on equity of 14.94%. The business had revenue of $924.68 million for the quarter, compared to the consensus estimate of $840.40 million. During the same period last year, the company earned $1.52 EPS. The firm’s revenue was up 19.4% compared to the same quarter last year. Analysts predict that FTI Consulting, Inc. will post 8.15 EPS for the current year.

Insider Transactions at FTI Consulting

In related news, Director Brenda J. Bacon acquired 1,120 shares of the stock in a transaction dated Friday, February 23rd. The stock was bought at an average price of $222.96 per share, for a total transaction of $249,715.20. Following the purchase, the director now directly owns 15,292 shares of the company’s stock, valued at approximately $3,409,504.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other FTI Consulting news, Director Brenda J. Bacon purchased 1,120 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was acquired at an average price of $222.96 per share, for a total transaction of $249,715.20. Following the purchase, the director now owns 15,292 shares of the company’s stock, valued at approximately $3,409,504.32. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul Alderman Linton sold 27,000 shares of the business’s 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 sale, the insider now owns 44,284 shares of the company’s stock, valued at approximately $9,126,932.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,715 shares of company stock worth $7,617,513. Company insiders own 3.34% of the company’s stock.

Hedge Funds Weigh In On FTI Consulting

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. California Public Employees Retirement System lifted its holdings in FTI Consulting by 4.3% during the third quarter. California Public Employees Retirement System now owns 198,239 shares of the business services provider’s stock valued at $35,368,000 after purchasing an additional 8,143 shares during the last quarter. Dakota Wealth Management lifted its holdings in FTI Consulting by 348.8% during the third 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 purchased a new stake in FTI Consulting during the third quarter valued at about $223,000. Oak Thistle LLC lifted its holdings in FTI Consulting by 105.3% during the fourth 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. lifted its holdings in FTI Consulting by 0.8% during the third 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. 99.36% of the stock is owned by hedge funds and other institutional investors.

FTI Consulting Company Profile

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.