The Manufacturers Life Insurance Company Sells 356 Shares of FTI Consulting, Inc. (NYSE:FCN)

The Manufacturers Life Insurance Company decreased its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 1.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,195 shares of the business services provider’s stock after selling 356 shares during the period. The Manufacturers Life Insurance Company owned about 0.08% of FTI Consulting worth $6,292,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its holdings in shares of FTI Consulting by 65.9% during the 2nd quarter. Signaturefd LLC now owns 204 shares of the business services provider’s stock valued at $44,000 after buying an additional 81 shares during the period. Covestor Ltd lifted its holdings in FTI Consulting by 76.4% in the first quarter. Covestor Ltd now owns 217 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 94 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in FTI Consulting by 494.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 220 shares of the business services provider’s stock worth $46,000 after purchasing an additional 183 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of FTI Consulting by 593.8% during the 2nd 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 period. Finally, Point72 Asia Singapore Pte. Ltd. increased its position in shares of FTI Consulting by 284.1% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 242 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 179 shares during the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

Insider Buying and Selling

In related 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 transaction, the director now directly owns 26,099 shares of the company’s stock, valued at approximately $5,927,604.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.51% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

FCN has been the topic of a number of research reports. Truist Financial raised their price objective on shares of 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 research 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 Trading Up 0.2 %

Shares of NYSE:FCN opened at $225.40 on Friday. FTI Consulting, Inc. has a 12-month low of $181.25 and a 12-month high of $243.60. The company has a market cap of $8.05 billion, a PE ratio of 26.21 and a beta of 0.10. The stock has a 50 day moving average of $222.86 and a 200 day moving average of $217.74. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.03.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings data on Thursday, July 25th. The business services provider reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.32. FTI Consulting had a net margin of 8.90% and a return on equity of 16.34%. The firm had revenue of $949.16 million during the quarter, compared to analysts’ expectations of $938.67 million. During the same period in the prior year, the company posted $1.75 earnings per share. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, equities research analysts expect 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.