Argent Trust Co Purchases Shares of 1,012 FTI Consulting, Inc. (NYSE:FCN)

Argent Trust Co bought a new position in shares of FTI Consulting, Inc. (NYSE:FCN) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,012 shares of the business services provider’s stock, valued at approximately $218,000.

Other large investors have also modified their holdings of the company. 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. Benjamin F. Edwards & Company Inc. lifted its position in shares of 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 valued at $46,000 after acquiring an additional 183 shares in the last quarter. 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. 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, Quarry LP acquired a new stake in FTI Consulting during the 4th quarter valued at $56,000. 99.36% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Mark S. Bartlett sold 2,000 shares of FTI Consulting stock in a transaction on Friday, July 26th. The shares were 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 owns 26,099 shares of the company’s stock, valued at approximately $5,927,604.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.51% of the company’s stock.

Wall Street Analyst Weigh In

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

FTI Consulting Trading Up 0.8 %

FTI Consulting stock opened at $227.10 on Friday. FTI Consulting, Inc. has a 12 month low of $175.03 and a 12 month high of $243.60. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.03. The stock has a market cap of $8.11 billion, a P/E ratio of 26.41 and a beta of 0.10. The company’s fifty day simple moving average is $222.93 and its 200-day simple moving average is $216.22.

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