FTI Consulting, Inc. (NYSE:FCN) Shares Acquired by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. grew its stake in FTI Consulting, Inc. (NYSE:FCN) by 3.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,187 shares of the business services provider’s stock after purchasing an additional 811 shares during the period. GHP Investment Advisors Inc. owned approximately 0.07% of FTI Consulting worth $5,644,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Nordea Investment Management AB increased its holdings in shares of FTI Consulting by 458.7% in the first quarter. Nordea Investment Management AB now owns 17,287 shares of the business services provider’s stock valued at $3,652,000 after purchasing an additional 14,193 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in shares of FTI Consulting in the first quarter valued at approximately $584,000. DB Fitzpatrick & Co Inc increased its holdings in shares of FTI Consulting by 135.1% in the second quarter. DB Fitzpatrick & Co Inc now owns 5,931 shares of the business services provider’s stock valued at $1,278,000 after purchasing an additional 3,408 shares during the period. Axiom Investors LLC DE increased its holdings in shares of FTI Consulting by 35.3% in the fourth quarter. Axiom Investors LLC DE now owns 330,244 shares of the business services provider’s stock valued at $65,768,000 after purchasing an additional 86,140 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of FTI Consulting by 298.4% in the second quarter. SG Americas Securities LLC now owns 4,060 shares of the business services provider’s stock valued at $875,000 after purchasing an additional 3,041 shares during the period. Institutional investors and hedge funds own 99.36% of the company’s stock.

FTI Consulting Trading Up 0.8 %

Shares of FCN stock opened at $221.95 on Friday. The business’s fifty day moving average price is $221.94 and its 200 day moving average price is $215.68. FTI Consulting, Inc. has a 1-year low of $175.03 and a 1-year high of $243.60. The firm has a market capitalization of $7.97 billion, a PE ratio of 25.81 and a beta of 0.10. 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 (NYSE:FCN) last posted its earnings results on Thursday, July 25th. The business services provider reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.32. The company had revenue of $949.16 million for 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%. FTI Consulting’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.75 earnings per share. As a group, sell-side analysts forecast that FTI Consulting, Inc. will post 8.48 EPS for the current fiscal year.

Insiders Place Their Bets

In other FTI Consulting news, Director Mark S. Bartlett sold 2,000 shares of the business’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 sale, the director now directly owns 26,099 shares in the company, valued at $5,927,604.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.51% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on FCN shares. StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a report on Thursday, July 25th. William Blair reaffirmed an “outperform” rating on shares of FTI Consulting in a report on Tuesday, June 25th.

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.