Allspring Global Investments Holdings LLC Sells 8,904 Shares of FTI Consulting, Inc. (NYSE:FCN)

Allspring Global Investments Holdings LLC lessened its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 70.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,716 shares of the business services provider’s stock after selling 8,904 shares during the period. Allspring Global Investments Holdings LLC’s holdings in FTI Consulting were worth $740,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. California Public Employees Retirement System raised its stake in shares of FTI Consulting by 4.3% during the third quarter. California Public Employees Retirement System now owns 198,239 shares of the business services provider’s stock valued at $35,368,000 after acquiring an additional 8,143 shares in the last quarter. Dakota Wealth Management raised its stake in FTI Consulting by 348.8% in the third quarter. Dakota Wealth Management now owns 5,044 shares of the business services provider’s stock worth $900,000 after buying an additional 3,920 shares in the last quarter. Tectonic Advisors LLC bought a new position in FTI Consulting in the third quarter worth approximately $223,000. Oak Thistle LLC raised its stake in FTI Consulting by 105.3% in the fourth quarter. Oak Thistle LLC now owns 8,716 shares of the business services provider’s stock worth $1,736,000 after buying an additional 4,470 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in FTI Consulting by 0.8% in the third quarter. Vanguard Group Inc. now owns 3,378,380 shares of the business services provider’s stock worth $602,737,000 after buying an additional 25,413 shares in the last quarter. Institutional investors own 99.36% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on FCN. StockNews.com downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. Truist Financial boosted their price objective on shares of FTI Consulting from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd.

Insiders Place Their Bets

In other news, insider Paul Alderman Linton sold 27,000 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $206.10, for a total transaction of $5,564,700.00. Following the sale, 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 filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Brenda J. Bacon acquired 1,120 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were purchased at an average cost of $222.96 per share, with a total value of $249,715.20. Following the completion of the acquisition, the director now directly owns 15,292 shares of the company’s stock, valued at $3,409,504.32. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Paul Alderman Linton sold 27,000 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $206.10, for a total transaction of $5,564,700.00. Following the sale, 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. Over 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 insiders.

FTI Consulting Trading Up 0.4 %

NYSE FCN opened at $213.74 on Thursday. The firm’s fifty day simple moving average is $206.25 and its two-hundred day simple moving average is $205.14. FTI Consulting, Inc. has a 12-month low of $167.39 and a 12-month high of $232.15. The firm has a market capitalization of $7.62 billion, a P/E ratio of 27.70 and a beta of 0.11.

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

FTI Consulting 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.