FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Shelton Capital Management

Shelton Capital Management lessened its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 6.0% in the second quarter, HoldingsChannel reports. The fund owned 1,626 shares of the business services provider’s stock after selling 103 shares during the period. Shelton Capital Management’s holdings in FTI Consulting were worth $309,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of FTI Consulting by 3.3% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,477,200 shares of the business services provider’s stock valued at $686,226,000 after purchasing an additional 110,448 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of FTI Consulting by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 3,168,469 shares of the business services provider’s stock worth $498,147,000 after acquiring an additional 25,761 shares during the period. Victory Capital Management Inc. lifted its stake in shares of FTI Consulting by 344.7% in the 2nd quarter. Victory Capital Management Inc. now owns 1,145,294 shares of the business services provider’s stock worth $217,835,000 after acquiring an additional 887,741 shares during the period. Alliancebernstein L.P. boosted its holdings 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 acquiring an additional 723,795 shares in the last quarter. Finally, State Street Corp raised its holdings in FTI Consulting by 2.2% during the first quarter. State Street Corp now owns 989,816 shares of the business services provider’s stock worth $195,340,000 after purchasing an additional 21,640 shares in the last quarter.

FTI Consulting Price Performance

Shares of NYSE:FCN opened at $222.25 on Tuesday. The company has a market capitalization of $7.89 billion, a PE ratio of 32.88 and a beta of 0.17. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.21 and a current ratio of 2.21. The stock has a fifty day moving average of $195.37 and a 200-day moving average of $189.96. FTI Consulting, Inc. has a one year low of $152.42 and a one year high of $223.57.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings results on Thursday, October 26th. The business services provider reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.50. The business had revenue of $893.26 million for the quarter, compared to the consensus estimate of $850.70 million. FTI Consulting had a return on equity of 14.02% and a net margin of 7.21%. FTI Consulting’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.15 earnings per share. As a group, equities analysts anticipate that FTI Consulting, Inc. will post 7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FCN has been the subject of a number of research analyst reports. Truist Financial restated a “buy” rating and issued a $210.00 target price on shares of FTI Consulting in a research report on Wednesday, October 18th. William Blair reaffirmed an “outperform” rating on shares of FTI Consulting in a report on Wednesday, September 13th. Finally, StockNews.com assumed coverage on shares of FTI Consulting in a report on Thursday, October 5th. They issued a “hold” rating for the company.

Insiders Place Their Bets

In other news, Director Mark S. Bartlett sold 4,928 shares of FTI Consulting stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $189.75, for a total transaction of $935,088.00. Following the completion of the sale, the director now directly owns 26,954 shares in the company, valued at approximately $5,114,521.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Ajay Sabherwal sold 3,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $213.08, for a total value of $639,240.00. Following the completion of the sale, the chief financial officer now directly owns 13,511 shares in the company, valued at $2,878,923.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark S. Bartlett sold 4,928 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $189.75, for a total value of $935,088.00. Following the transaction, the director now owns 26,954 shares in the company, valued at $5,114,521.50. The disclosure for this sale can be found here. Insiders have sold a total of 11,848 shares of company stock valued at $2,414,345 in the last three months. Insiders own 3.34% 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 five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications.