Yousif Capital Management LLC Raises Stock Holdings in FTI Consulting, Inc. (NYSE:FCN)

Yousif Capital Management LLC increased its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 3.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 16,977 shares of the business services provider’s stock after buying an additional 601 shares during the quarter. Yousif Capital Management LLC’s holdings in FTI Consulting were worth $3,381,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. California Public Employees Retirement System increased its position 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 worth $35,368,000 after acquiring an additional 8,143 shares during the period. Dakota Wealth Management raised its position 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 purchasing an additional 3,920 shares in the last quarter. Tectonic Advisors LLC purchased a new stake in shares of FTI Consulting in the 3rd quarter worth $223,000. Oak Thistle LLC grew its position in shares of FTI Consulting by 105.3% during the 4th 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. increased its stake in shares of FTI Consulting by 0.8% during 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 buying an additional 25,413 shares during the period. Hedge funds and other institutional investors own 99.36% of the company’s stock.

Wall Street Analysts Forecast Growth

FCN has been the subject of a number of research reports. StockNews.com lowered shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Friday. William Blair reiterated an “outperform” rating on shares of FTI Consulting in a research note on Friday. Finally, 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.

Insider Transactions at FTI Consulting

In related news, Director Brenda J. Bacon bought 1,120 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was bought at an average cost of $222.96 per share, for a total transaction of $249,715.20. Following the purchase, the director now directly owns 15,292 shares of the company’s stock, valued at $3,409,504.32. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related 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 completion of the sale, the insider now owns 44,284 shares of the company’s stock, valued at $9,126,932.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brenda J. Bacon purchased 1,120 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was acquired at an average price of $222.96 per share, for a total transaction of $249,715.20. Following the acquisition, the director now owns 15,292 shares in the company, valued at approximately $3,409,504.32. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 36,715 shares of company stock worth $7,617,513. Insiders own 3.34% of the company’s stock.

FTI Consulting Stock Performance

FCN stock opened at $211.36 on Monday. FTI Consulting, Inc. has a one year low of $167.39 and a one year high of $232.15. The firm has a 50-day simple moving average of $207.58 and a two-hundred day simple moving average of $205.52. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.74 and a current ratio of 2.46. The firm has a market cap of $7.53 billion, a price-to-earnings ratio of 24.58 and a beta of 0.11.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $2.23 EPS for the quarter, beating the consensus estimate of $1.76 by $0.47. FTI Consulting had a return on equity of 15.97% and a net margin of 8.51%. The firm had revenue of $928.60 million during the quarter, compared to analyst estimates of $901.77 million. During the same quarter in the prior year, the business posted $1.34 EPS. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. On average, equities analysts forecast that FTI Consulting, Inc. will post 8.15 EPS 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.