Louisiana State Employees Retirement System Takes $1.99 Million Position in FTI Consulting, Inc. (NYSE:FCN)

Louisiana State Employees Retirement System purchased a new stake in FTI Consulting, Inc. (NYSE:FCN) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 10,000 shares of the business services provider’s stock, valued at approximately $1,992,000.

Several other hedge funds and other institutional investors also recently modified their holdings of FCN. Bank of Montreal Can boosted its holdings in shares of FTI Consulting by 270.4% during the 1st quarter. Bank of Montreal Can now owns 13,865 shares of the business services provider’s stock valued at $2,195,000 after acquiring an additional 10,122 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in shares of FTI Consulting by 33.4% during the 1st quarter. MetLife Investment Management LLC now owns 22,159 shares of the business services provider’s stock valued at $3,484,000 after acquiring an additional 5,542 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of FTI Consulting by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,566 shares of the business services provider’s stock valued at $1,976,000 after acquiring an additional 1,198 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of FTI Consulting by 8.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 19,575 shares of the business services provider’s stock valued at $3,168,000 after acquiring an additional 1,505 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in shares of FTI Consulting by 1.6% during the 1st quarter. Yousif Capital Management LLC now owns 19,080 shares of the business services provider’s stock valued at $3,000,000 after acquiring an additional 308 shares in the last quarter. Institutional investors own 99.36% of the company’s stock.

Analyst Ratings Changes

FCN has been the topic of several recent research reports. Truist Financial raised their price objective on FTI Consulting from $240.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 23rd. StockNews.com downgraded FTI Consulting from a “buy” rating to a “hold” rating in a report on Thursday.

FTI Consulting Trading Down 1.5 %

Shares of FCN opened at $204.50 on Thursday. The company has a market capitalization of $7.27 billion, a PE ratio of 26.52 and a beta of 0.11. FTI Consulting, Inc. has a 12 month low of $167.39 and a 12 month high of $232.15. The stock’s 50-day moving average price is $204.75 and its two-hundred day moving average price is $204.23.

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

Insiders Place Their Bets

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

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.