FTI Consulting, Inc. (NYSE:FCN) CEO Sells $7,231,440.88 in Stock

FTI Consulting, Inc. (NYSE:FCN – Get Rating) CEO Steven Henry Gunby sold 38,908 shares of the company’s stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $185.86, for a total transaction of $7,231,440.88. Following the completion of the transaction, the chief executive officer now owns 414,006 shares in the company, valued at $76,947,155.16. The transaction was disclosed in a filing with the SEC, which is available at this link.

Steven Henry Gunby also recently made the following trade(s):

• On Wednesday, March 8th, Steven Henry Gunby sold 9,428 shares of FTI Consulting stock. The shares were sold at an average price of $180.87, for a total transaction of $1,705,242.36.
• On Monday, March 6th, Steven Henry Gunby sold 1,415 shares of FTI Consulting stock. The shares were sold at an average price of $183.90, for a total transaction of $260,218.50.
• On Monday, February 27th, Steven Henry Gunby sold 14,576 shares of FTI Consulting stock. The shares were sold at an average price of $185.03, for a total transaction of $2,696,997.28.

FTI Consulting Trading Up 4.6 %

Shares of FCN stock opened at $195.24 on Tuesday. The firm has a market cap of $6.62 billion, a P/E ratio of 29.72 and a beta of 0.27. FTI Consulting, Inc. has a 1-year low of $140.09 and a 1-year high of $201.63. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.96. The firm’s 50-day simple moving average is $167.30 and its 200-day simple moving average is $165.50.

FTI Consulting (NYSE:FCN – Get Rating) last posted its earnings results on Thursday, February 23rd. The business services provider reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.19. The firm had revenue of $774.43 million during the quarter, compared to the consensus estimate of $738.82 million. FTI Consulting had a net margin of 7.78% and a return on equity of 14.73%. The company’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.13 EPS. As a group, equities analysts forecast that FTI Consulting, Inc. will post 7.37 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Truist Financial upped their target price on shares of FTI Consulting from $220.00 to $240.00 and gave the company a “buy” rating in a report on Monday. StockNews.com upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a report on Friday. Finally, The Goldman Sachs Group started coverage on shares of FTI Consulting in a report on Tuesday, January 10th. They set a “neutral” rating and a $167.00 price objective on the stock.

Institutional Trading of FTI Consulting

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in FTI Consulting by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 3,168,469 shares of the business services provider’s stock worth $498,147,000 after purchasing an additional 25,761 shares in the last quarter. Neuberger Berman Group LLC increased its position in FTI Consulting by 3.3% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,240,420 shares of the business services provider’s stock worth $205,550,000 after purchasing an additional 39,072 shares in the last quarter. Alliancebernstein L.P. increased its position in FTI Consulting by 266.7% during the 4th quarter. Alliancebernstein L.P. now owns 995,148 shares of the business services provider’s stock worth $158,030,000 after purchasing an additional 723,795 shares in the last quarter. State Street Corp increased its position in FTI Consulting by 1.4% during the 3rd quarter. State Street Corp now owns 958,348 shares of the business services provider’s stock worth $158,808,000 after purchasing an additional 13,456 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in FTI Consulting by 5.4% during the 4th quarter. Geode Capital Management LLC now owns 515,896 shares of the business services provider’s stock worth $81,966,000 after purchasing an additional 26,474 shares in the last quarter.

About FTI Consulting

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FTI Consulting, Inc engages in the provision of financial, legal, operational, political and regulatory, reputational and transactional advisory services. It operates through the following segments: Corporate Finance and Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications.