David Johnson (Insider Trades), CFO of FTI Consulting Inc. (FCN), bought 15,000 shares of the company on Nov. 6. The average price per share was $35.95, for a total transaction cost of $539,250. FTI Consulting is a global business advisory firm specializing in helping organizations protect and enhance their enterprise value. The company has a market cap of $1.50 billion and a P/S ratio of 0.83.
There were four insider sells with the company in 2012 totaling 5,211 shares; in the following year there were 25 insider sells totaling 855,010. Further, the number dropped again to four insider sells in 2014, amounting to 53,586 shares. There was no consistent trend in insider sell volume or number during 2012 to 2015. There were no insider buys of FTI from 2012 to 2015 until the aforementioned transaction made by Johnson. This is also Johnson’s sole transaction with the company since June 2011. 
For more information about insider transactions with FCN, click here.
The company reported net income of $22.522 million, or 57 cents per share in the third quarter of 2014. Net income decreased to $10.309 million, or 25 cents per share in the third quarter of 2015. On the other hand, the company reported revenue of $455.470 million in the third quarter of 2015, up from $451.178 million in the corresponding quarter of 2014. Revenue has increased 5.17% since 2010. 
On Nov. 5, FTI Consulting announced a $50 million stock buyback program, which would allow the company to repurchase up to $50 million of its outstanding common stock at any time for a period of up to six months. The company also projects U.S. online retail sales of consumer goods to reach $380 billion in 2016, a 12% increase from expected 2015 online sales of $340 billion.
According to GuruFocus.com information, FTI Consulting Inc. has a business predictability rank of 1 out of 5 stars. For more information about business predictability rank, click here.
There were two guru transactions with the company in the second quarter of 2015. Jim Simons (Trades, Portfolio) reduced his stake in FTI by 33.41%, selling 58,700 shares at an average price of $39.86 per share. Joel Greenblatt (Trades, Portfolio) increased his stake in the company by 67.84%, purchasing 169,223 shares. For more information about guru trades with FTI Consulting, click here.
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