Vestmark Advisory Solutions Inc. Sells 1,293 Shares of FTI Consulting, Inc. (NYSE:FCN)

Vestmark Advisory Solutions Inc. lowered its stake in FTI Consulting, Inc. (NYSE:FCN) by 5.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,438 shares of the business services provider’s stock after selling 1,293 shares during the quarter. Vestmark Advisory Solutions Inc. owned 0.07% of FTI Consulting worth $4,867,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its holdings in FTI Consulting by 37.1% in the third quarter. Fifth Third Bancorp now owns 218 shares of the business services provider’s stock worth $39,000 after purchasing an additional 59 shares during the last quarter. Tompkins Financial Corp bought a new position in FTI Consulting in the 4th quarter worth $40,000. Blue Trust Inc. raised its holdings in FTI Consulting by 30.1% in the 4th quarter. Blue Trust Inc. now owns 272 shares of the business services provider’s stock worth $54,000 after purchasing an additional 63 shares during the period. GAMMA Investing LLC purchased a new position in FTI Consulting during the fourth quarter valued at $57,000. Finally, Parkside Financial Bank & Trust grew its holdings in FTI Consulting by 20.8% during the third quarter. Parkside Financial Bank & Trust now owns 412 shares of the business services provider’s stock valued at $74,000 after purchasing an additional 71 shares during the period. Hedge funds and other institutional investors own 99.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. StockNews.com cut FTI Consulting from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Truist Financial lifted their price target on shares of FTI Consulting from $240.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Finally, William Blair reiterated an “outperform” rating on shares of FTI Consulting in a research report on Friday, April 26th.

FTI Consulting Price Performance

NYSE:FCN traded down $0.11 on Friday, reaching $215.14. 169,717 shares of the company’s stock traded hands, compared to its average volume of 200,115. The firm has a market cap of $7.68 billion, a PE ratio of 25.02 and a beta of 0.10. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.10. The stock has a 50-day simple moving average of $208.78 and a 200-day simple moving average of $206.29. FTI Consulting, Inc. has a 12 month low of $171.81 and a 12 month high of $232.15.

FTI Consulting (NYSE:FCN) last issued its earnings results on Thursday, April 25th. The business services provider reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.47. FTI Consulting had a return on equity of 15.97% and a net margin of 8.51%. The company had revenue of $928.60 million for the quarter, compared to the consensus estimate of $901.77 million. During the same quarter last year, the company earned $1.34 EPS. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. Equities research analysts forecast that FTI Consulting, Inc. will post 8.22 earnings per share for the current year.

Insider Activity

In other news, insider Paul Alderman Linton sold 27,000 shares of FTI Consulting stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $206.10, for a total transaction of $5,564,700.00. Following the sale, the insider now owns 44,284 shares in the company, valued at $9,126,932.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Brenda J. Bacon acquired 1,120 shares of FTI Consulting stock in a transaction dated Friday, February 23rd. The shares were purchased at an average price of $222.96 per share, for a total transaction of $249,715.20. Following the completion of the transaction, the director now directly owns 15,292 shares in the company, valued at approximately $3,409,504.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul Alderman Linton sold 27,000 shares of FTI Consulting stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $206.10, for a total transaction of $5,564,700.00. Following the sale, the insider now owns 44,284 shares in the company, valued at approximately $9,126,932.40. The disclosure for this sale can be found here. Insiders have sold a total of 53,267 shares of company stock worth $11,205,656 over the last quarter. Insiders own 2.51% of the company’s stock.

About FTI Consulting

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.