FTI Consulting, Inc. (NYSE:FCN) Shares Bought by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund grew its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 1.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,866 shares of the business services provider’s stock after acquiring an additional 269 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in FTI Consulting were worth $1,142,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FCN. BlackRock Inc. boosted its position in FTI Consulting by 2.4% in the fourth quarter. BlackRock Inc. now owns 5,678,229 shares of the business services provider’s stock worth $378,396,000 after purchasing an additional 131,504 shares during the last quarter. Norges Bank purchased a new position in FTI Consulting in the fourth quarter worth $57,466,000. Boston Partners boosted its position in FTI Consulting by 2.5% in the first quarter. Boston Partners now owns 713,840 shares of the business services provider’s stock worth $54,838,000 after purchasing an additional 17,373 shares during the last quarter. Bank of New York Mellon Corp boosted its position in FTI Consulting by 0.5% in the fourth quarter. Bank of New York Mellon Corp now owns 496,498 shares of the business services provider’s stock worth $33,086,000 after purchasing an additional 2,349 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in FTI Consulting by 9.5% in the fourth quarter. Geode Capital Management LLC now owns 398,702 shares of the business services provider’s stock worth $26,569,000 after purchasing an additional 34,588 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Shares of FCN opened at $84.27 on Thursday. The stock has a market cap of $3.19 billion, a P/E ratio of 21.07 and a beta of 0.32. 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, Inc. has a 52-week low of $59.06 and a 52-week high of $87.34.

FTI Consulting (NYSE:FCN) last announced its earnings results 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%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.04 EPS. As a group, research analysts expect that FTI Consulting, Inc. will post 4.24 EPS for the current year.

In other news, insider Holly Paul sold 9,574 shares of the business’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 transaction of $808,141.34. Following the transaction, the insider now directly owns 25,792 shares of the company’s stock, valued at $2,177,102.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gerard E. Holthaus sold 8,884 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $86.82, for a total value of $771,308.88. Following the transaction, the director now directly owns 77,759 shares in the company, valued at $6,751,036.38. The disclosure for this sale can be found here. Insiders sold a total of 28,458 shares of company stock valued at $2,446,950 in the last 90 days. 2.56% of the stock is currently owned by corporate insiders.

FCN has been the topic of several research analyst reports. 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. ValuEngine cut FTI Consulting from a “buy” rating to a “hold” rating in a report on Friday, April 26th.

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FTI Consulting Profile

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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Institutional Ownership by Quarter for FTI Consulting (NYSE:FCN)

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