Insider Selling: FTI Consulting, Inc. (NYSE:FCN) CFO Sells 7,458 Shares of Stock

FTI Consulting, Inc. (NYSE:FCN) CFO Ajay Sabherwal sold 7,458 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $107.08, for a total value of $798,602.64. Following the sale, the chief financial officer now directly owns 10,677 shares in the company, valued at $1,143,293.16. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

FCN traded up $0.02 during midday trading on Thursday, hitting $107.57. 3,695 shares of the company were exchanged, compared to its average volume of 283,777. The company’s 50 day simple moving average is $98.30 and its 200 day simple moving average is $83.41. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 26.82 and a beta of 0.27. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.20. FTI Consulting, Inc. has a 1-year low of $59.06 and a 1-year high of $108.28.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings results on Thursday, July 25th. The business services provider reported $1.73 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.78. The company had revenue of $606.12 million for the quarter, compared to the consensus estimate of $528.56 million. FTI Consulting had a return on equity of 14.42% and a net margin of 8.98%. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period last year, the firm earned $1.14 EPS. On average, equities analysts anticipate that FTI Consulting, Inc. will post 5.41 EPS for the current year.

Several hedge funds have recently bought and sold shares of the company. FMR LLC boosted its stake in shares of FTI Consulting by 12.5% during the 1st quarter. FMR LLC now owns 3,544,813 shares of the business services provider’s stock worth $272,313,000 after acquiring an additional 392,686 shares in the last quarter. Northern Trust Corp boosted its stake in shares of FTI Consulting by 7.3% during the 2nd quarter. Northern Trust Corp now owns 1,244,537 shares of the business services provider’s stock worth $104,342,000 after acquiring an additional 84,559 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of FTI Consulting by 1.2% during the 2nd quarter. Acadian Asset Management LLC now owns 867,244 shares of the business services provider’s stock worth $72,712,000 after acquiring an additional 10,408 shares in the last quarter. Boston Partners boosted its stake in shares of FTI Consulting by 2.5% during the 1st quarter. Boston Partners now owns 713,840 shares of the business services provider’s stock worth $54,838,000 after acquiring an additional 17,373 shares in the last quarter. Finally, APG Asset Management N.V. boosted its stake in shares of FTI Consulting by 56.6% during the 2nd quarter. APG Asset Management N.V. now owns 578,600 shares of the business services provider’s stock worth $42,597,000 after acquiring an additional 209,100 shares in the last quarter. 97.02% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have weighed in on FCN shares. SunTrust Banks set a $120.00 price target on FTI Consulting and gave the stock a “buy” rating in a research report on Friday, July 26th. ValuEngine downgraded FTI Consulting from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Sidoti increased their price target on FTI Consulting from $99.00 to $117.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd.

FTI Consulting Company Profile

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company's Corporate Finance & Restructuring segment provides turnaround and restructuring, business transformation, interim management, valuation and financial advisory, transaction, dispute advisory, and tax services, as well as mergers and acquisitions (M&A), and M&A integration services.

Further Reading: Return on Equity (ROE)

Insider Buying and Selling by Quarter for FTI Consulting (NYSE:FCN)

Receive News & Ratings for FTI Consulting Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FTI Consulting and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit