FTI Consulting, Inc. (NYSE:FCN) Shares Purchased by DB Fitzpatrick & Co Inc

DB Fitzpatrick & Co Inc grew its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 135.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,931 shares of the business services provider’s stock after buying an additional 3,408 shares during the period. DB Fitzpatrick & Co Inc’s holdings in FTI Consulting were worth $1,278,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Covestor Ltd lifted its stake in FTI Consulting by 76.4% during the first 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 last quarter. 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 worth $46,000 after buying an additional 183 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of FTI Consulting by 593.8% in the 2nd quarter. Versant Capital Management Inc now owns 222 shares of the business services provider’s stock valued at $48,000 after buying an additional 190 shares during the period. Quarry LP bought a new stake in shares of FTI Consulting during the 4th quarter valued at about $56,000. Finally, GAMMA Investing LLC acquired a new stake in FTI Consulting during the fourth quarter worth about $57,000. Institutional investors and hedge funds own 99.36% of the company’s stock.

Insider Buying and Selling

In related news, insider Holly Paul sold 881 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $224.00, for a total transaction of $197,344.00. Following the completion of the transaction, the insider now owns 22,855 shares of the company’s stock, valued at $5,119,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CFO Ajay Sabherwal sold 596 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $226.13, for a total transaction of $134,773.48. Following the completion of the sale, the chief financial officer now directly owns 13,455 shares of the company’s stock, valued at $3,042,579.15. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Holly Paul sold 881 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $224.00, for a total value of $197,344.00. Following the completion of the transaction, the insider now owns 22,855 shares of the company’s stock, valued at approximately $5,119,520. The disclosure for this sale can be found here. Insiders have sold a total of 3,477 shares of company stock valued at $786,357 over the last quarter. Corporate insiders own 2.51% of the company’s stock.

Analysts Set New Price Targets

FCN has been the subject of a number of research reports. StockNews.com upgraded FTI Consulting from a “hold” rating to a “buy” rating in a research note on Thursday, July 25th. William Blair restated an “outperform” rating on shares of FTI Consulting in a research report on Tuesday, June 25th.

FTI Consulting Stock Performance

NYSE:FCN traded up $2.19 during mid-day trading on Thursday, hitting $222.83. The stock had a trading volume of 104,616 shares, compared to its average volume of 180,486. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.03. The company has a 50 day simple moving average of $217.70 and a 200-day simple moving average of $211.77. The stock has a market capitalization of $7.96 billion, a price-to-earnings ratio of 25.91 and a beta of 0.09. FTI Consulting, Inc. has a 52 week low of $174.75 and a 52 week high of $243.60.

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