DB Fitzpatrick & Co Inc Boosts Stock Position in FTI Consulting, Inc. (NYSE:FCN)

DB Fitzpatrick & Co Inc increased its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 135.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,931 shares of the business services provider’s stock after buying an additional 3,408 shares during the period. DB Fitzpatrick & Co Inc’s holdings in FTI Consulting were worth $1,278,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Nordea Investment Management AB increased its stake in shares of FTI Consulting by 458.7% in the first quarter. Nordea Investment Management AB now owns 17,287 shares of the business services provider’s stock worth $3,652,000 after purchasing an additional 14,193 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in FTI Consulting in the 1st quarter valued at approximately $584,000. Axiom Investors LLC DE raised its holdings in FTI Consulting by 35.3% during the 4th quarter. Axiom Investors LLC DE now owns 330,244 shares of the business services provider’s stock valued at $65,768,000 after acquiring an additional 86,140 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of FTI Consulting by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 415,928 shares of the business services provider’s stock worth $82,832,000 after acquiring an additional 17,796 shares in the last quarter. Finally, Diversify Advisory Services LLC bought a new position in shares of FTI Consulting in the first quarter worth $922,000. Institutional investors own 99.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on FCN shares. StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a report on Thursday, July 25th. William Blair reissued an “outperform” rating on shares of FTI Consulting in a report on Tuesday, June 25th.

FTI Consulting Price Performance

FCN traded up $2.19 during trading on Thursday, reaching $222.83. The stock had a trading volume of 104,616 shares, compared to its average volume of 180,486. The business has a 50-day moving average of $217.70 and a 200-day moving average of $211.77. FTI Consulting, Inc. has a one year low of $174.75 and a one year high of $243.60. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.20 and a current ratio of 2.20. The stock has a market cap of $7.96 billion, a PE ratio of 25.91 and a beta of 0.09.

FTI Consulting (NYSE:FCN) last released its earnings results on Thursday, July 25th. The business services provider reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.32. The company had revenue of $949.16 million during the quarter, compared to the consensus estimate of $938.67 million. FTI Consulting had a return on equity of 16.34% and a net margin of 8.90%. FTI Consulting’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.75 EPS. As a group, equities research analysts anticipate that FTI Consulting, Inc. will post 8.48 EPS for the current fiscal year.

Insider Activity at FTI Consulting

In other FTI Consulting news, Director Mark S. Bartlett sold 2,000 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $227.12, for a total transaction of $454,240.00. Following the completion of the sale, the director now directly owns 26,099 shares in the company, valued at $5,927,604.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other FTI Consulting news, insider Holly Paul sold 881 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $224.00, for a total transaction of $197,344.00. Following the completion of the sale, the insider now owns 22,855 shares of the company’s stock, valued at approximately $5,119,520. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark S. Bartlett sold 2,000 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $227.12, for a total transaction of $454,240.00. Following the completion of the transaction, the director now owns 26,099 shares in the company, valued at approximately $5,927,604.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,477 shares of company stock valued at $786,357. Insiders own 2.51% 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.