Amalgamated Bank Purchases 63 Shares of FTI Consulting, Inc. (NYSE:FCN)

Amalgamated Bank increased its position in FTI Consulting, Inc. (NYSE:FCN) by 0.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,746 shares of the business services provider’s stock after purchasing an additional 63 shares during the quarter. Amalgamated Bank owned approximately 0.07% of FTI Consulting worth $4,729,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Fifth Third Bancorp raised its stake in shares of FTI Consulting by 37.1% in the third quarter. Fifth Third Bancorp now owns 218 shares of the business services provider’s stock worth $39,000 after buying an additional 59 shares during the period. Tompkins Financial Corp purchased a new position in FTI Consulting during the fourth quarter valued at approximately $40,000. Blue Trust Inc. boosted its position in shares of FTI Consulting by 30.1% in the fourth quarter. Blue Trust Inc. now owns 272 shares of the business services provider’s stock worth $54,000 after purchasing an additional 63 shares during the period. GAMMA Investing LLC purchased a new stake in shares of FTI Consulting in the fourth quarter worth $57,000. Finally, Parkside Financial Bank & Trust raised its position in shares of FTI Consulting by 20.8% during the 3rd quarter. Parkside Financial Bank & Trust now owns 412 shares of the business services provider’s stock valued at $74,000 after purchasing an additional 71 shares during the period. 99.36% of the stock is owned by hedge funds and other institutional investors.

FTI Consulting Stock Up 0.4 %

Shares of FCN stock opened at $221.11 on Wednesday. The stock has a market cap of $7.89 billion, a P/E ratio of 25.71 and a beta of 0.10. The company’s fifty day simple moving average is $208.88 and its two-hundred day simple moving average is $206.98. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.10. FTI Consulting, Inc. has a 52 week low of $171.81 and a 52 week high of $232.15.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings results on Thursday, April 25th. The business services provider reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.47. FTI Consulting had a return on equity of 15.97% and a net margin of 8.51%. The company had revenue of $928.60 million during the quarter, compared to analyst estimates of $901.77 million. During the same period in the prior year, the company earned $1.34 earnings per share. The firm’s revenue was up 15.1% on a year-over-year basis. Analysts predict that FTI Consulting, Inc. will post 8.22 EPS for the current fiscal year.

Insider Activity at FTI Consulting

In other FTI Consulting news, Director Brenda J. Bacon purchased 1,120 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average price of $222.96 per share, with a total value of $249,715.20. Following the completion of the purchase, the director now directly owns 15,292 shares in the company, valued at $3,409,504.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Brenda J. Bacon acquired 1,120 shares of FTI Consulting stock in a transaction on Friday, February 23rd. The shares were bought at an average cost of $222.96 per share, with a total value of $249,715.20. Following the completion of the purchase, the director now directly owns 15,292 shares of the company’s stock, valued at approximately $3,409,504.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul Alderman Linton sold 27,000 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now 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 ninety days, insiders sold 53,267 shares of company stock valued at $11,205,656. 2.51% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on FCN shares. William Blair reiterated an “outperform” rating on shares of FTI Consulting in a research note on Friday, April 26th. Truist Financial lifted their target price on FTI Consulting from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Finally, StockNews.com downgraded FTI Consulting from a “buy” rating to a “hold” rating in a research note on Friday, April 26th.

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.