Eagle Boston Investment Management Inc. grew its holdings in FTI Consulting, Inc. (NYSE:FCN) by 1.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 34,118 shares of the business services provider’s stock after purchasing an additional 417 shares during the period. FTI Consulting makes up about 1.1% of Eagle Boston Investment Management Inc.’s portfolio, making the stock its 28th biggest position. Eagle Boston Investment Management Inc.’s holdings in FTI Consulting were worth $2,620,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the company. Bank of Montreal Can grew its position in FTI Consulting by 37.4% during the 4th quarter. Bank of Montreal Can now owns 1,936 shares of the business services provider’s stock worth $128,000 after acquiring an additional 527 shares during the last quarter. AdvisorNet Financial Inc bought a new stake in FTI Consulting during the 4th quarter worth $131,000. Magnus Financial Group LLC bought a new stake in FTI Consulting during the 4th quarter worth $207,000. Oppenheimer & Co. Inc. bought a new stake in FTI Consulting during the 1st quarter worth $253,000. Finally, Quantamental Technologies LLC bought a new stake in FTI Consulting during the 1st quarter worth $254,000. Institutional investors own 98.62% of the company’s stock.
FCN has been the topic of a number of research reports. Zacks Investment Research upgraded FTI Consulting from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research report on Friday, January 18th. SunTrust Banks boosted their price objective on FTI Consulting to $88.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Finally, ValuEngine lowered FTI Consulting from a “buy” rating to a “hold” rating in a research report on Friday, April 26th.
In other FTI Consulting news, insider Holly Paul sold 9,574 shares of FTI Consulting stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $84.41, for a total transaction of $808,141.34. Following the transaction, the insider now directly owns 25,792 shares of the company’s stock, valued at approximately $2,177,102.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.19% of the company’s stock.
Shares of FCN stock opened at $84.61 on Friday. The firm has a market cap of $3.22 billion, a P/E ratio of 18.39 and a beta of 0.29. FTI Consulting, Inc. has a twelve month low of $56.87 and a twelve month high of $86.47. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.35 and a current ratio of 2.35.
FTI Consulting (NYSE:FCN) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.63. The business had revenue of $551.27 million for the quarter, compared to analyst estimates of $517.69 million. FTI Consulting had a return on equity of 13.13% and a net margin of 8.37%. FTI Consulting’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 EPS. Equities research analysts expect that FTI Consulting, Inc. will post 4.24 EPS for the current fiscal year.
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About FTI Consulting
FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company's Corporate Finance & Restructuring segment provides turnaround and restructuring, business transformation, interim management, valuation and financial advisory, transaction, dispute advisory, and tax services, as well as mergers and acquisitions (M&A), and M&A integration services.
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