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

StockNews.com downgraded shares of FTI Consulting (NYSE:FCN) from a buy rating to a hold rating in a report released on Thursday.

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

FTI Consulting Stock Performance

Shares of FCN stock opened at $207.48 on Thursday. The stock has a fifty day moving average price of $205.02 and a 200 day moving average price of $204.26. The stock has a market cap of $7.37 billion, a PE ratio of 26.91 and a beta of 0.11. FTI Consulting has a 1 year low of $167.39 and a 1 year high of $232.15.

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

Insiders Place Their Bets

In other FTI Consulting news, insider Paul Alderman Linton sold 27,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now owns 44,284 shares of the company’s stock, valued at $9,126,932.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Paul Alderman Linton sold 27,000 shares of FTI Consulting stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $206.10, for a total value of $5,564,700.00. Following the completion of the sale, the insider now owns 44,284 shares of the company’s stock, valued at $9,126,932.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Brenda J. Bacon acquired 1,120 shares of the stock in a transaction dated Friday, February 23rd. The stock was acquired at an average cost of $222.96 per share, with a total value of $249,715.20. Following the transaction, the director now owns 15,292 shares of the company’s stock, valued at $3,409,504.32. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 36,715 shares of company stock valued at $7,617,513. Corporate insiders own 3.34% of the company’s stock.

Institutional Investors Weigh In On FTI Consulting

A number of hedge funds and other institutional investors have recently made changes to their positions in FCN. Alliancebernstein L.P. grew its position in shares of FTI Consulting by 266.7% in the fourth quarter. Alliancebernstein L.P. now owns 995,148 shares of the business services provider’s stock valued at $158,030,000 after purchasing an additional 723,795 shares during the period. Victory Capital Management Inc. grew its position in 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. Norges Bank purchased a new stake in FTI Consulting during the fourth quarter valued at about $44,979,000. Price T Rowe Associates Inc. MD grew its position in FTI Consulting by 26.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,151,870 shares of the business services provider’s stock valued at $229,396,000 after acquiring an additional 242,148 shares during the period. Finally, American Century Companies Inc. grew its position in 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. Hedge funds and other institutional investors own 99.36% of the company’s stock.

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.