Mutual of America Capital Management LLC Reduces Position in FTI Consulting, Inc. (NYSE:FCN)

Mutual of America Capital Management LLC lessened its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 0.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 21,931 shares of the business services provider’s stock after selling 198 shares during the quarter. Mutual of America Capital Management LLC’s holdings in FTI Consulting were worth $4,368,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Arlington Trust Co LLC purchased a new position in shares of FTI Consulting in the 3rd quarter valued at approximately $28,000. Ancora Advisors LLC purchased a new position in shares of FTI Consulting in the 1st quarter valued at approximately $32,000. Tompkins Financial Corp purchased a new position in shares of FTI Consulting in the 4th quarter valued at approximately $40,000. Ronald Blue Trust Inc. grew its stake in shares of FTI Consulting by 533.3% in the 3rd quarter. Ronald Blue Trust Inc. now owns 209 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 176 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of FTI Consulting by 37.1% in the 3rd quarter. Fifth Third Bancorp now owns 218 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

Insider Activity at FTI Consulting

In related news, insider Paul Alderman Linton sold 27,000 shares of FTI Consulting stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $206.10, for a total transaction of $5,564,700.00. Following the completion of the transaction, the insider now directly owns 44,284 shares of the company’s stock, valued at $9,126,932.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Claudio Costamagna sold 7,059 shares of FTI Consulting stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $209.13, for a total transaction of $1,476,248.67. Following the completion of the transaction, the director now directly owns 32,860 shares of the company’s stock, valued at $6,872,011.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Paul Alderman Linton sold 27,000 shares of FTI Consulting stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $206.10, for a total value of $5,564,700.00. Following the transaction, the insider now directly owns 44,284 shares of the company’s stock, valued at $9,126,932.40. The disclosure for this sale can be found here. Insiders have sold a total of 36,715 shares of company stock worth $7,617,513 over the last three months. 3.34% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on FCN shares. StockNews.com upgraded FTI Consulting from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. Truist Financial lifted their target price on FTI Consulting from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 23rd.

FTI Consulting Price Performance

FTI Consulting stock opened at $205.06 on Tuesday. FTI Consulting, Inc. has a 1-year low of $167.39 and a 1-year high of $232.15. The company has a market cap of $7.29 billion, a PE ratio of 26.60 and a beta of 0.11. The stock’s 50 day moving average price is $204.26 and its 200 day moving average price is $204.03.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings results on Thursday, February 22nd. The business services provider reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.71. FTI Consulting had a return on equity of 14.94% and a net margin of 7.88%. The firm had revenue of $924.68 million for the quarter, compared to the consensus estimate of $840.40 million. During the same period in the previous year, the business earned $1.52 earnings per share. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. On average, equities research analysts anticipate that FTI Consulting, Inc. will post 8.15 EPS for the current fiscal year.

FTI Consulting Company 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.