California State Teachers Retirement System Cuts Position in FTI Consulting, Inc. (NYSE:FCN)

California State Teachers Retirement System lowered its position in FTI Consulting, Inc. (NYSE:FCNFree Report) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,840 shares of the business services provider’s stock after selling 1,617 shares during the quarter. California State Teachers Retirement System owned approximately 0.10% of FTI Consulting worth $7,138,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Axiom Investors LLC DE grew its stake in shares of FTI Consulting by 35.3% during the fourth quarter. Axiom Investors LLC DE now owns 330,244 shares of the business services provider’s stock worth $65,768,000 after purchasing an additional 86,140 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of FTI Consulting by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 415,928 shares of the business services provider’s stock valued at $82,832,000 after acquiring an additional 17,796 shares during the last quarter. Apollon Wealth Management LLC purchased a new position in shares of FTI Consulting in the 4th quarter valued at about $910,000. Oak Thistle LLC raised 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 acquiring an additional 4,470 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in FTI Consulting by 9.2% during the fourth quarter. Victory Capital Management Inc. now owns 1,989,993 shares of the business services provider’s stock worth $396,307,000 after purchasing an additional 168,100 shares during the last quarter. Institutional investors and hedge funds own 99.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FCN. 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 report on Friday, February 23rd. William Blair restated an “outperform” rating on shares of FTI Consulting in a research note on Friday, April 26th. Finally, StockNews.com cut FTI Consulting from a “buy” rating to a “hold” rating in a research report on Friday, April 26th.

Check Out Our Latest Stock Report on FCN

Insider Transactions at FTI Consulting

In related news, CFO Ajay Sabherwal sold 596 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $226.13, for a total transaction of $134,773.48. Following the completion of the transaction, the chief financial officer now directly owns 13,455 shares of the company’s stock, valued at $3,042,579.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Ajay Sabherwal sold 596 shares of FTI Consulting stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $226.13, for a total value of $134,773.48. Following the sale, the chief financial officer now directly owns 13,455 shares in the company, valued at $3,042,579.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Paul Alderman Linton sold 16,552 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $216.78, for a total value of $3,588,142.56. Following the transaction, the insider now directly owns 53,416 shares in the company, valued at approximately $11,579,520.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,088 shares of company stock worth $11,163,977. Company insiders own 2.51% of the company’s stock.

FTI Consulting Stock Performance

Shares of FTI Consulting stock opened at $217.14 on Monday. The firm’s fifty day simple moving average is $214.65 and its 200-day simple moving average is $207.95. FTI Consulting, Inc. has a 12 month low of $171.81 and a 12 month high of $232.15. The stock has a market capitalization of $7.75 billion, a price-to-earnings ratio of 25.25 and a beta of 0.08. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.46 and a quick ratio of 2.46.

FTI Consulting (NYSE:FCNGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The business services provider reported $2.23 EPS for the quarter, topping 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 business had revenue of $928.60 million during the quarter, compared to analysts’ expectations of $901.77 million. During the same quarter in the prior year, the business earned $1.34 earnings per share. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. As a group, equities analysts forecast that FTI Consulting, Inc. will post 8.22 earnings per share for the current year.

About FTI Consulting

(Free Report)

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.

See Also

Institutional Ownership by Quarter for FTI Consulting (NYSE:FCN)

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