FTI Consulting, Inc. (NYSE:FCN) Stake Increased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 6.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 692,044 shares of the business services provider’s stock after acquiring an additional 39,271 shares during the period. Dimensional Fund Advisors LP owned about 1.94% of FTI Consulting worth $149,164,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of FCN. Signaturefd LLC boosted its position in FTI Consulting by 65.9% during the second quarter. Signaturefd LLC now owns 204 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 81 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted 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 boosted its position in FTI Consulting by 76.4% during the first quarter. Covestor Ltd now owns 217 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 94 shares during the last quarter. Versant Capital Management Inc boosted its position in FTI Consulting by 593.8% during the second quarter. Versant Capital Management Inc now owns 222 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 190 shares during the last quarter. Finally, Quarry LP acquired a new stake in FTI Consulting during the fourth quarter valued at $56,000. Institutional investors and hedge funds own 99.36% of the company’s stock.

Insider Transactions at FTI Consulting

In other news, Director Mark S. Bartlett sold 2,000 shares of FTI Consulting stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $227.12, for a total value of $454,240.00. Following the transaction, the director now directly owns 26,099 shares in the company, valued at $5,927,604.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.51% of the stock is currently owned by corporate insiders.

FTI Consulting Price Performance

NYSE FCN opened at $227.10 on Friday. FTI Consulting, Inc. has a fifty-two week low of $175.03 and a fifty-two week high of $243.60. The stock’s 50-day moving average is $222.93 and its two-hundred day moving average is $216.27. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.20 and a quick ratio of 2.20. The firm has a market cap of $8.11 billion, a P/E ratio of 26.41 and a beta of 0.10.

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

Analysts Set New Price Targets

A number of research firms recently issued reports on FCN. William Blair reissued 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.

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.