State Board of Administration of Florida Retirement System decreased its holdings in FTI Consulting, Inc. (NYSE:FCN) by 5.8% during the first quarter, Holdings Channel reports. The institutional investor owned 19,811 shares of the business services provider’s stock after selling 1,230 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in FTI Consulting were worth $1,522,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of Montreal Can boosted its stake in shares of FTI Consulting by 37.4% in the 4th quarter. Bank of Montreal Can now owns 1,936 shares of the business services provider’s stock valued at $128,000 after purchasing an additional 527 shares in the last quarter. Arizona State Retirement System boosted its position in FTI Consulting by 6.7% in the fourth quarter. Arizona State Retirement System now owns 59,116 shares of the business services provider’s stock valued at $3,939,000 after buying an additional 3,692 shares during the last quarter. Teton Advisors Inc. boosted its position in FTI Consulting by 7.8% in the fourth quarter. Teton Advisors Inc. now owns 9,668 shares of the business services provider’s stock valued at $644,000 after buying an additional 700 shares during the last quarter. Regentatlantic Capital LLC boosted its position in FTI Consulting by 3.9% in the fourth quarter. Regentatlantic Capital LLC now owns 22,517 shares of the business services provider’s stock valued at $1,501,000 after buying an additional 853 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its position in FTI Consulting by 23.2% in the fourth quarter. Advisors Asset Management Inc. now owns 5,293 shares of the business services provider’s stock valued at $353,000 after buying an additional 998 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors.
FTI Consulting stock traded up $1.47 during mid-day trading on Thursday, hitting $83.92. The company had a trading volume of 237 shares, compared to its average volume of 199,227. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.19. FTI Consulting, Inc. has a 12-month low of $59.06 and a 12-month high of $86.47. The firm has a market cap of $3.11 billion, a PE ratio of 20.90 and a beta of 0.29.
FTI Consulting (NYSE:FCN) last released its quarterly earnings data on Thursday, April 25th. The business services provider reported $1.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.63. FTI Consulting had a return on equity of 13.13% and a net margin of 8.37%. The business had revenue of $551.27 million for the quarter, compared to analyst estimates of $517.69 million. During the same quarter in the prior year, the firm posted $1.04 EPS. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, equities research analysts forecast that FTI Consulting, Inc. will post 4.24 EPS for the current year.
In other FTI Consulting news, insider Holly Paul sold 9,574 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $84.41, for a total value of $808,141.34. Following the sale, the insider now owns 25,792 shares in the company, valued at approximately $2,177,102.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 2.19% of the company’s stock.
FCN has been the topic of a number of recent research reports. Zacks Investment Research lowered FTI Consulting from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. ValuEngine lowered FTI Consulting from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Finally, SunTrust Banks upped their target price on FTI Consulting to $88.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th.
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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