Ajay Sabherwal Sells 596 Shares of FTI Consulting, Inc. (NYSE:FCN) Stock

FTI Consulting, Inc. (NYSE:FCN) CFO Ajay Sabherwal sold 596 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $226.13, for a total value of $134,773.48. Following the transaction, the chief financial officer now directly owns 13,455 shares in the company, valued at approximately $3,042,579.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

FTI Consulting Stock Up 0.9 %

Shares of NYSE:FCN opened at $220.78 on Friday. The business’s 50 day moving average is $212.97 and its 200 day moving average is $208.33. The stock has a market cap of $7.88 billion, a P/E ratio of 25.67 and a beta of 0.10. FTI Consulting, Inc. has a 52-week low of $171.81 and a 52-week high of $232.15. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.10.

FTI Consulting (NYSE:FCN) last issued its earnings results on Thursday, April 25th. The business services provider reported $2.23 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.47. The business had revenue of $928.60 million during the quarter, compared to analysts’ expectations of $901.77 million. FTI Consulting had a return on equity of 15.97% and a net margin of 8.51%. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.34 EPS. Sell-side analysts predict that FTI Consulting, Inc. will post 8.22 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on FCN shares. William Blair reaffirmed an “outperform” rating on shares of FTI Consulting in a research report on Friday, April 26th. StockNews.com cut shares of FTI Consulting from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Finally, Truist Financial raised their price target on shares of FTI Consulting from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp lifted its position in shares of FTI Consulting by 37.1% in the 3rd quarter. Fifth Third Bancorp now owns 218 shares of the business services provider’s stock worth $39,000 after purchasing an additional 59 shares during the period. Tompkins Financial Corp purchased a new stake in FTI Consulting during the fourth quarter worth $40,000. Benjamin F. Edwards & Company Inc. boosted its position in FTI Consulting by 494.6% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 220 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 183 shares in the last quarter. Covestor Ltd increased its holdings in shares of FTI Consulting by 76.4% in the 1st quarter. Covestor Ltd now owns 217 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 94 shares during the period. Finally, Blue Trust Inc. raised its position in shares of FTI Consulting by 30.1% in the 4th quarter. Blue Trust Inc. now owns 272 shares of the business services provider’s stock worth $54,000 after acquiring an additional 63 shares in the last quarter. Hedge funds and other 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.