Kayne Anderson Rudnick Investment Management LLC Has $732.92 Million Stake in FTI Consulting, Inc. (NYSE:FCN)

Kayne Anderson Rudnick Investment Management LLC raised its stake in FTI Consulting, Inc. (NYSE:FCN) by 0.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,400,539 shares of the business services provider’s stock after acquiring an additional 2,089 shares during the period. FTI Consulting makes up 1.8% of Kayne Anderson Rudnick Investment Management LLC’s portfolio, making the stock its 8th largest holding. Kayne Anderson Rudnick Investment Management LLC owned approximately 9.53% of FTI Consulting worth $732,918,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of FCN. Signaturefd LLC boosted its position in shares of FTI Consulting by 65.9% during the 2nd quarter. Signaturefd LLC now owns 204 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 81 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in FTI Consulting by 494.6% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 220 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 183 shares during the last quarter. Covestor Ltd grew its stake 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 worth $46,000 after buying an additional 94 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of FTI Consulting by 593.8% in the 2nd quarter. Versant Capital Management Inc now owns 222 shares of the business services provider’s stock worth $48,000 after buying an additional 190 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of FTI Consulting during the 4th quarter valued at about $56,000. 99.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on FCN. William Blair reiterated an “outperform” rating on shares of FTI Consulting in a research report on Tuesday, June 25th. StockNews.com upgraded FTI Consulting from a “hold” rating to a “buy” rating in a report on Thursday, July 25th.

Insider Transactions at FTI Consulting

In related news, Director Mark S. Bartlett sold 2,000 shares of the business’s stock in a transaction 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 transaction, the director now owns 26,099 shares in the company, valued at approximately $5,927,604.88. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.51% of the company’s stock.

FTI Consulting Trading Up 0.8 %

Shares of FCN opened at $227.10 on Friday. The company’s fifty day simple moving average is $222.93 and its 200-day simple moving average is $216.22. The company has a market cap of $8.11 billion, a P/E ratio of 26.41 and a beta of 0.10. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.03. FTI Consulting, Inc. has a twelve month low of $175.03 and a twelve month high of $243.60.

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

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.