Diversify Advisory Services LLC Has $358,000 Position in FTI Consulting, Inc. (NYSE:FCN)

Diversify Advisory Services LLC decreased its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 62.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,677 shares of the business services provider’s stock after selling 2,753 shares during the period. Diversify Advisory Services LLC’s holdings in FTI Consulting were worth $358,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Amalgamated Bank boosted its position in shares of FTI Consulting by 0.3% during the fourth quarter. Amalgamated Bank now owns 23,746 shares of the business services provider’s stock valued at $4,729,000 after buying an additional 63 shares during the last quarter. Coldstream Capital Management Inc. lifted its position in shares of FTI Consulting by 4.0% during the fourth quarter. Coldstream Capital Management Inc. now owns 1,654 shares of the business services provider’s stock valued at $329,000 after purchasing an additional 64 shares in the last quarter. Xponance Inc. grew its position in FTI Consulting by 1.3% in the 4th quarter. Xponance Inc. now owns 4,929 shares of the business services provider’s stock worth $982,000 after purchasing an additional 65 shares in the last quarter. Covestor Ltd lifted its position in shares of FTI Consulting by 76.4% during the 1st quarter. Covestor Ltd now owns 217 shares of the business services provider’s stock worth $46,000 after buying an additional 94 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its stake in FTI Consulting by 20.5% in the 4th quarter. Quadrant Capital Group LLC now owns 628 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 107 shares during the period. 99.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. StockNews.com upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a research report on Thursday, July 25th. William Blair restated an “outperform” rating on shares of FTI Consulting in a research note on Tuesday, June 25th.

Insider Activity

In related news, CFO Ajay Sabherwal sold 596 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $226.13, for a total transaction of $134,773.48. Following the completion of the transaction, the chief financial officer now directly owns 13,455 shares in the company, valued at $3,042,579.15. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CFO Ajay Sabherwal sold 596 shares of the stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $226.13, for a total value of $134,773.48. Following the transaction, the chief financial officer now owns 13,455 shares of the company’s stock, valued at approximately $3,042,579.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Holly Paul sold 881 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $224.00, for a total transaction of $197,344.00. Following the completion of the transaction, the insider now owns 22,855 shares of the company’s stock, valued at $5,119,520. The disclosure for this sale can be found here. Insiders have sold a total of 6,604 shares of company stock worth $1,482,865 over the last ninety days. Company insiders own 2.51% of the company’s stock.

FTI Consulting Price Performance

FCN remained flat at $219.85 during trading hours on Friday. The company had a trading volume of 138,757 shares, compared to its average volume of 182,104. FTI Consulting, Inc. has a 52 week low of $174.75 and a 52 week high of $243.60. The firm’s 50-day simple moving average is $217.61 and its two-hundred day simple moving average is $211.29. The stock has a market capitalization of $7.85 billion, a PE ratio of 25.56 and a beta of 0.09. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.20 and a current ratio of 2.20.

FTI Consulting (NYSE:FCN) last posted its earnings results on Thursday, July 25th. The business services provider reported $2.34 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.32. The firm had revenue of $949.16 million during the quarter, compared to the consensus estimate of $938.67 million. FTI Consulting had a net margin of 8.90% and a return on equity of 16.34%. The company’s revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company earned $1.75 earnings per share. As a group, equities analysts expect that FTI Consulting, Inc. will post 8.48 EPS for the current 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.