FTI Consulting, Inc. (NYSE:FCN) Shares Acquired by Xponance Inc.

Xponance Inc. increased its holdings in FTI Consulting, Inc. (NYSE:FCN) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,929 shares of the business services provider’s stock after buying an additional 65 shares during the period. Xponance Inc.’s holdings in FTI Consulting were worth $982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of FCN. California Public Employees Retirement System raised its holdings in shares of FTI Consulting by 4.3% in 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 buying an additional 8,143 shares during the last quarter. Dakota Wealth Management raised its stake in FTI Consulting by 348.8% during the 3rd quarter. Dakota Wealth Management now owns 5,044 shares of the business services provider’s stock valued at $900,000 after acquiring an additional 3,920 shares during the last quarter. Tectonic Advisors LLC acquired a new stake in FTI Consulting during the 3rd quarter worth approximately $223,000. Oak Thistle LLC grew its stake in shares of FTI Consulting by 105.3% in the 4th quarter. Oak Thistle LLC now owns 8,716 shares of the business services provider’s stock valued at $1,736,000 after purchasing an additional 4,470 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of 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 valued at $602,737,000 after purchasing an additional 25,413 shares during the period. Hedge funds and other institutional investors own 99.36% of the company’s stock.

Insiders Place Their Bets

In other news, insider Paul Alderman Linton sold 27,000 shares of FTI Consulting stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 44,284 shares in the company, valued at approximately $9,126,932.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Paul Alderman Linton sold 27,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 44,284 shares of the company’s stock, valued at approximately $9,126,932.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brenda J. Bacon bought 1,120 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were purchased at an average price of $222.96 per share, for a total transaction of $249,715.20. Following the completion of the transaction, the director now owns 15,292 shares of the company’s stock, valued at approximately $3,409,504.32. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 36,715 shares of company stock worth $7,617,513. 3.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

FCN has been the topic of a number of analyst reports. Truist Financial lifted their price objective on shares of FTI Consulting from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. StockNews.com lowered shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Friday.

FTI Consulting Price Performance

FCN opened at $215.31 on Friday. The business has a 50 day simple moving average of $206.71 and a 200-day simple moving average of $205.20. FTI Consulting, Inc. has a 12 month low of $167.39 and a 12 month high of $232.15. The stock has a market capitalization of $7.67 billion, a P/E ratio of 27.93 and a beta of 0.11.

FTI Consulting (NYSE:FCN) last released its earnings results on Thursday, February 22nd. The business services provider reported $2.28 EPS 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 company had revenue of $924.68 million during the quarter, compared to the consensus estimate of $840.40 million. During the same quarter last year, the company earned $1.52 earnings per share. FTI Consulting’s quarterly revenue was up 19.4% compared to the same quarter last year. Research analysts anticipate that FTI Consulting, Inc. will post 8.15 EPS for the current year.

About FTI Consulting

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.