Mutual of America Capital Management LLC Sells 665 Shares of FTI Consulting, Inc. (NYSE:FCN)

Mutual of America Capital Management LLC reduced its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 3.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,085 shares of the business services provider’s stock after selling 665 shares during the period. Mutual of America Capital Management LLC owned approximately 0.06% of FTI Consulting worth $4,329,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB lifted its holdings in shares of FTI Consulting by 458.7% during the first quarter. Nordea Investment Management AB now owns 17,287 shares of the business services provider’s stock worth $3,652,000 after buying an additional 14,193 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in FTI Consulting in the 1st quarter valued at about $584,000. DB Fitzpatrick & Co Inc boosted its holdings in FTI Consulting by 135.1% in the 2nd quarter. DB Fitzpatrick & Co Inc now owns 5,931 shares of the business services provider’s stock valued at $1,278,000 after purchasing an additional 3,408 shares during the period. Axiom Investors LLC DE grew its position in shares of 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 worth $65,768,000 after purchasing an additional 86,140 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of FTI Consulting by 298.4% in the second quarter. SG Americas Securities LLC now owns 4,060 shares of the business services provider’s stock valued at $875,000 after buying an additional 3,041 shares in the last quarter. 99.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Transactions at FTI Consulting

In other news, Director Mark S. Bartlett sold 2,000 shares of the company’s stock in a transaction on 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 directly owns 26,099 shares in the company, valued at $5,927,604.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.51% of the company’s stock.

FTI Consulting Stock Performance

Shares of NYSE:FCN opened at $227.10 on Friday. FTI Consulting, Inc. has a 1 year low of $175.03 and a 1 year high of $243.60. The stock has a market capitalization of $8.11 billion, a price-to-earnings ratio of 26.41 and a beta of 0.10. 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 company’s 50 day simple moving average is $222.93 and its 200 day simple moving average is $216.27.

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