Sepio Capital LP Sells 431 Shares of FTI Consulting, Inc. (NYSE:FCN)

Sepio Capital LP cut its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 10.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,594 shares of the business services provider’s stock after selling 431 shares during the period. Sepio Capital LP’s holdings in FTI Consulting were worth $716,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tompkins Financial Corp purchased a new stake in FTI Consulting in the fourth quarter worth about $40,000. Fifth Third Bancorp lifted its stake in shares of FTI Consulting by 37.1% in the 3rd quarter. Fifth Third Bancorp now owns 218 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 59 shares during the period. Blue Trust Inc. boosted its position in shares of FTI Consulting by 30.1% during the fourth quarter. Blue Trust Inc. now owns 272 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 63 shares in the last quarter. GAMMA Investing LLC purchased a new stake in FTI Consulting in the fourth quarter worth $57,000. Finally, Parkside Financial Bank & Trust raised its holdings in FTI Consulting by 20.8% in the third quarter. Parkside Financial Bank & Trust now owns 412 shares of the business services provider’s stock worth $74,000 after purchasing an additional 71 shares in the last quarter. Institutional investors own 99.36% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity

In other FTI Consulting news, CEO Steven Henry Gunby sold 28,440 shares of FTI Consulting stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $218.61, for a total value of $6,217,268.40. Following the completion of the sale, the chief executive officer now owns 287,184 shares of the company’s stock, valued at approximately $62,781,294.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO Ajay Sabherwal sold 596 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $226.13, for a total transaction of $134,773.48. Following the transaction, the chief financial officer now owns 13,455 shares in the company, valued at $3,042,579.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Steven Henry Gunby sold 28,440 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $218.61, for a total transaction of $6,217,268.40. Following the completion of the sale, the chief executive officer now owns 287,184 shares in the company, valued at approximately $62,781,294.24. The disclosure for this sale can be found here. Insiders have sold a total of 87,803 shares of company stock worth $18,781,490 over the last 90 days. 2.51% of the stock is currently owned by insiders.

FTI Consulting Stock Up 0.9 %

Shares of NYSE FCN traded up $1.95 during trading on Friday, reaching $220.78. The company had a trading volume of 140,925 shares, compared to its average volume of 185,348. FTI Consulting, Inc. has a 12-month low of $171.81 and a 12-month high of $232.15. 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 business’s 50-day moving average is $212.97 and its 200 day moving average is $208.33. The stock has a market cap of $7.88 billion, a PE ratio of 25.67 and a beta of 0.10.

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

FTI Consulting Profile

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.