Systematic Financial Management LP Lowers Stock Position in FTI Consulting, Inc. (NYSE:FCN)

Systematic Financial Management LP lowered its position in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 19.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,890 shares of the business services provider's stock after selling 5,885 shares during the quarter. Systematic Financial Management LP owned about 0.07% of FTI Consulting worth $5,365,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. boosted its stake in FTI Consulting by 4.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,119 shares of the business services provider's stock worth $241,000 after buying an additional 52 shares during the period. Allegheny Financial Group LTD lifted its position in shares of FTI Consulting by 6.5% during the second quarter. Allegheny Financial Group LTD now owns 1,182 shares of the business services provider's stock worth $255,000 after purchasing an additional 72 shares in the last quarter. Signaturefd LLC lifted its position in shares of FTI Consulting by 65.9% during the second quarter. Signaturefd LLC now owns 204 shares of the business services provider's stock worth $44,000 after purchasing an additional 81 shares in the last quarter. SkyView Investment Advisors LLC lifted its position in shares of FTI Consulting by 1.1% during the second quarter. SkyView Investment Advisors LLC now owns 8,184 shares of the business services provider's stock worth $1,764,000 after purchasing an additional 86 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of FTI Consulting by 76.4% during the first quarter. Covestor Ltd now owns 217 shares of the business services provider's stock worth $46,000 after purchasing an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 99.36% of the company's stock.

FTI Consulting Stock Up 1.0 %

NYSE:FCN traded up $2.26 during mid-day trading on Monday, hitting $227.56. The stock had a trading volume of 181,781 shares, compared to its average volume of 170,970. The stock has a 50-day simple moving average of $223.01 and a two-hundred day simple moving average of $217.13. The company has a market capitalization of $8.12 billion, a PE ratio of 26.20 and a beta of 0.10. FTI Consulting, Inc. has a twelve month low of $177.00 and a twelve month high of $243.60. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.03.

FTI Consulting (NYSE:FCN - Get Free Report) last issued its earnings results on Thursday, July 25th. The business services provider reported $2.34 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.32. The firm had revenue of $949.16 million for the quarter, compared to analysts' expectations of $938.67 million. FTI Consulting had a net margin of 8.90% and a return on equity of 16.34%. The firm's revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.75 earnings per share. On average, equities research analysts anticipate that FTI Consulting, Inc. will post 8.48 EPS for the current year.

Analyst Upgrades and Downgrades

FCN has been the topic of several research reports. StockNews.com raised shares of FTI Consulting from a "hold" rating to a "buy" rating in a research report on Thursday, July 25th. William Blair reissued an "outperform" rating on shares of FTI Consulting in a research report on Tuesday, June 25th. Finally, Truist Financial raised their target price on shares of FTI Consulting from $255.00 to $275.00 and gave the company a "buy" rating in a report on Wednesday, September 25th.

Insider Buying and Selling at FTI Consulting

In other FTI Consulting news, Director Mark S. Bartlett sold 2,000 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $227.12, for a total value of $454,240.00. Following the transaction, the director now directly owns 26,099 shares in the company, valued at $5,927,604.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.51% of the stock is currently owned by insiders.

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.