FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Marshall Wace LLP

Marshall Wace LLP lessened its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 73.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,327 shares of the business services provider’s stock after selling 3,658 shares during the quarter. Marshall Wace LLP’s holdings in FTI Consulting were worth $286,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP purchased a new position in FTI Consulting in the fourth quarter valued at approximately $56,000. Vanguard Group Inc. grew its position in shares of FTI Consulting by 4.7% during the fourth quarter. Vanguard Group Inc. now owns 3,535,586 shares of the business services provider’s stock worth $704,112,000 after acquiring an additional 157,206 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of FTI Consulting during the fourth quarter worth approximately $427,000. Kapitalo Investimentos Ltda grew its position in shares of FTI Consulting by 76.5% during the fourth quarter. Kapitalo Investimentos Ltda now owns 925 shares of the business services provider’s stock worth $184,000 after acquiring an additional 401 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of FTI Consulting during the first quarter worth approximately $22,540,000. Institutional investors and hedge funds own 99.36% of the company’s stock.

Insider Buying and Selling at FTI Consulting

In other news, Director Mark S. Bartlett sold 2,000 shares of the business’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 value of $454,240.00. Following the completion of the sale, the director now directly owns 26,099 shares in the company, valued at approximately $5,927,604.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.51% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

FCN has been the subject of several recent research reports. Truist Financial increased their price target on FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. William Blair reissued an “outperform” rating on shares of FTI Consulting in a report on Tuesday, June 25th. Finally, StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a report on Thursday, July 25th.

FTI Consulting Stock Up 0.8 %

FCN opened at $223.47 on Friday. 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, Inc. has a 12 month low of $181.25 and a 12 month high of $243.60. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of 25.98 and a beta of 0.10. The business has a 50-day moving average of $222.97 and a two-hundred day moving average of $218.23.

FTI Consulting (NYSE:FCN) last released its quarterly earnings results on Thursday, July 25th. The business services provider reported $2.34 EPS for the quarter, topping the consensus estimate of $2.02 by $0.32. The firm 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%. FTI Consulting’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 EPS. On average, research analysts expect that FTI Consulting, Inc. will post 8.48 earnings per share for the current 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.