FTI Consulting, Inc. (NYSE:FCN) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lowered its stake in FTI Consulting, Inc. (NYSE:FCN) by 32.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,340 shares of the business services provider’s stock after selling 6,386 shares during the period. State of New Jersey Common Pension Fund D’s holdings in FTI Consulting were worth $2,875,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Signaturefd LLC raised its holdings in FTI Consulting by 65.9% during the 2nd quarter. Signaturefd LLC now owns 204 shares of the business services provider’s stock worth $44,000 after buying an additional 81 shares during the period. Covestor Ltd boosted its stake in FTI Consulting by 76.4% in the 1st quarter. Covestor Ltd now owns 217 shares of the business services provider’s stock worth $46,000 after purchasing an additional 94 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in FTI Consulting by 494.6% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 220 shares of the business services provider’s stock worth $46,000 after purchasing an additional 183 shares during the period. Versant Capital Management Inc grew its position in FTI Consulting by 593.8% during the 2nd quarter. Versant Capital Management Inc now owns 222 shares of the business services provider’s stock worth $48,000 after purchasing an additional 190 shares in the last quarter. Finally, American National Bank acquired a new stake in FTI Consulting during the 2nd quarter valued at $59,000. 99.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on FCN. William Blair restated an “outperform” rating on shares of FTI Consulting in a research report on Tuesday, June 25th. StockNews.com upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a research note on Thursday, July 25th.

Insider Buying and Selling

In other FTI Consulting news, Director Mark S. Bartlett sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was 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 owns 26,099 shares of the company’s stock, valued at $5,927,604.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.51% of the stock is currently owned by corporate insiders.

FTI Consulting Stock Performance

Shares of NYSE FCN opened at $222.47 on Thursday. The company has a market capitalization of $7.94 billion, a P/E ratio of 25.87 and a beta of 0.10. The business’s 50-day moving average price is $222.64 and its two-hundred day moving average price is $216.00. FTI Consulting, Inc. has a one year low of $175.03 and a one year high of $243.60. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.20 and a quick ratio of 2.20.

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

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.