FTI Consulting, Inc. (NYSE: FCN) Director Mark S. Bartlett recently offloaded 2,000 shares of the company's stock, according to a filing with the Securities and Exchange Commission (SEC). The transaction, which took place on Friday, July 26th, saw the shares sold at an average price of $227.12, bringing in a total of $454,240. Following this sale, Bartlett now holds 26,099 shares of FTI Consulting stock, valued at $5,927,604.88.
This insider trading activity comes at a time when FTI Consulting is showing strong financial performance. The business services provider exceeded analysts' expectations in its recent quarterly earnings report, with reported earnings per share (EPS) of $2.34, beating the consensus estimate by $0.32. Revenue for the quarter reached $949.16 million, narrowly surpassing analysts' projections of $938.67 million.
FTI Consulting Stock Performance: A Look at the Numbers
FTI Consulting's stock opened at $226.17 on Tuesday. The company boasts a market cap of $8.12 billion, a price-to-earnings ratio of 26.30, and a beta of 0.09, indicating a lower level of volatility compared to the broader market. The stock's 50-day moving average sits at $217.52, while its 200-day moving average stands at $210.25.
Over the past year, FTI Consulting shares have traded within a range of $173.83 to $243.60. The company also demonstrates a healthy financial position, with a debt-to-equity ratio of 0.03, a current ratio of 2.20, and a quick ratio of 2.20, suggesting strong liquidity and ability to meet short-term obligations.
Institutional Investor Interest Remains High
Institutional investors continue to show confidence in FTI Consulting. Mawer Investment Management Ltd. increased its holdings in the company by 4.1% during the first quarter, now owning 3,810,200 shares valued at $801,247,000. Vanguard Group Inc. also expanded its position by 4.7% in the fourth quarter, now holding 3,535,586 shares worth $704,112,000.
Other institutional investors like Victory Capital Management Inc. and Price T Rowe Associates Inc. MD have also increased their stakes in FTI Consulting, highlighting the strong investor interest in the company. Currently, 99.36% of the stock is held by institutional investors.
Analyst Opinions on FTI Consulting Stock
Wall Street analysts remain positive on FTI Consulting's prospects. William Blair reaffirmed an "outperform" rating on the company's shares in June, while StockNews.com upgraded FTI Consulting from a "hold" to a "buy" in July. These bullish sentiments indicate that analysts believe the company is well-positioned for continued growth and profitability.
Company Profile: FTI Consulting, Inc.
FTI Consulting, Inc. provides a wide range of business advisory services, including change management, risk mitigation, and dispute resolution. The company operates across various segments, including Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications.
FTI Consulting's diverse expertise and global reach have helped it secure a strong position in the business services market. The company's commitment to delivering high-quality advisory services and its focus on addressing the evolving needs of its clients have contributed to its recent financial success.
This insider trading activity, coupled with positive financial performance and continued investor confidence, suggests that FTI Consulting remains a company worth watching closely in the coming months.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always consult with a qualified professional before making any investment decisions.