FTI Consulting, Inc. (NYSE:FCN) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. boosted its position in FTI Consulting, Inc. (NYSE:FCN) by 18.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,335 shares of the business services provider’s stock after buying an additional 209 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in FTI Consulting were worth $288,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Nordea Investment Management AB raised its position in shares of FTI Consulting by 458.7% during the 1st quarter. Nordea Investment Management AB now owns 17,287 shares of the business services provider’s stock valued at $3,652,000 after acquiring an additional 14,193 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in FTI Consulting during the first quarter valued at $584,000. DB Fitzpatrick & Co Inc raised its holdings in shares of FTI Consulting by 135.1% during the second quarter. DB Fitzpatrick & Co Inc now owns 5,931 shares of the business services provider’s stock worth $1,278,000 after purchasing an additional 3,408 shares during the period. Axiom Investors LLC DE boosted its holdings in shares of FTI Consulting by 35.3% in the 4th quarter. Axiom Investors LLC DE now owns 330,244 shares of the business services provider’s stock valued at $65,768,000 after buying an additional 86,140 shares during the period. Finally, SG Americas Securities LLC grew its position in shares of FTI Consulting by 298.4% during the 2nd 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 during the last quarter. Institutional investors own 99.36% of the company’s stock.

Insiders Place Their Bets

In other news, Director Mark S. Bartlett sold 2,000 shares of the firm’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 transaction, the director now directly owns 26,099 shares of the company’s stock, valued at $5,927,604.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.51% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. William Blair restated an “outperform” rating on shares of FTI Consulting in a research note on Tuesday, June 25th. 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 stock opened at $227.10 on Friday. The stock has a market cap of $8.11 billion, a PE ratio of 26.41 and a beta of 0.10. The firm’s 50-day simple moving average is $222.93 and its 200 day simple moving average is $216.27. FTI Consulting, Inc. has a fifty-two week low of $175.03 and a fifty-two week 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.

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

FTI Consulting 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.