FTI Consulting, Inc. (NYSE:FCN) Chief Human Resources Officer Holly Helgerson Paul has sold 881 shares of the company’s common stock, according to a recent filing with the Securities and Exchange Commission. The transaction, which took place on May 21, 2024, amounted to a total of $197,344, with shares sold at prices ranging from $224.00 to $224.20.
The sale has adjusted Paul’s direct holding in the company to 22,855 shares of common stock following the transaction. The provided document details that the reported sales price is a weighted average, and the company maintains a record of each individual transaction within the specified price range.
FTI Consulting, known for its management consulting services, has not made any additional comments regarding this transaction. The sale was executed in a series of trades at varying prices, and the company has offered to provide copies of the transaction records upon request.
Investors and market watchers often keep an eye on insider transactions as they can provide insights into an executive’s view of the company’s stock value and future performance. It is a common practice for executives to sell shares for personal financial management, estate planning, and diversification reasons.
The transaction comes as part of the routine financial disclosures required by company insiders. These disclosures are part of the transparency measures enforced by regulatory authorities to ensure fair trading practices in the market.
The SEC filing was signed by Joanne Catanese, Attorney-in-Fact for Holly Helgerson Paul, and was dated May 22, 2024.
InvestingPro Insights
Following the recent insider transaction at FTI Consulting, Inc. (NYSE:FCN) by Chief Human Resources Officer Holly Helgerson Paul, investors may be considering the company's stock performance and financial health. According to InvestingPro, FTI Consulting is trading at a low P/E ratio relative to its near-term earnings growth, with a current P/E ratio of 24.87 and a slightly higher adjusted P/E ratio for the last twelve months as of Q1 2024 of 25.17. This indicates that the stock may be undervalued given the company’s earnings trajectory.
Moreover, FTI Consulting's revenue has shown a robust increase, with a growth of 16.04% in the last twelve months as of Q1 2024. The company’s gross profit margin stands at a healthy 32.8%, reflecting its ability to maintain profitability. Additionally, with a PEG ratio of 0.68 for the same period, the stock could be an attractive option for investors seeking growth at a reasonable price.
For those considering a deeper analysis, InvestingPro provides further insights, with 9 additional InvestingPro Tips available for FTI Consulting. These include observations on the company's ability to cover interest payments with cash flows, the liquidity of assets in relation to short-term obligations, and the moderate level of debt the company operates with. Notably, analysts predict the company will be profitable this year and it has been profitable over the last twelve months, which could reassure potential investors about the company’s financial stability.
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