California Public Employees Retirement System Trims Holdings in FTI Consulting, Inc. (NYSE:FCN)

California Public Employees Retirement System lessened its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 195,943 shares of the business services provider’s stock after selling 2,296 shares during the period. California Public Employees Retirement System’s holdings in FTI Consulting were worth $39,022,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FCN. Victory Capital Management Inc. increased its holdings in FTI Consulting by 59.1% during the 3rd quarter. Victory Capital Management Inc. now owns 1,821,893 shares of the business services provider’s stock valued at $325,044,000 after purchasing an additional 676,599 shares during the period. American Century Companies Inc. raised its position in shares of FTI Consulting by 6,793.8% in the 3rd quarter. American Century Companies Inc. now owns 192,407 shares of the business services provider’s stock worth $34,327,000 after acquiring an additional 189,616 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of FTI Consulting by 26.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 606,786 shares of the business services provider’s stock valued at $108,257,000 after purchasing an additional 128,095 shares during the period. Van Berkom & Associates Inc. boosted its position in shares of FTI Consulting by 39.8% during the third quarter. Van Berkom & Associates Inc. now owns 389,062 shares of the business services provider’s stock valued at $69,413,000 after purchasing an additional 110,845 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in FTI Consulting by 32.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 398,132 shares of the business services provider’s stock worth $71,031,000 after purchasing an additional 98,614 shares during the period. Hedge funds and other institutional investors own 99.36% of the company’s stock.

Insider Buying and Selling at FTI Consulting

In other FTI Consulting news, insider Paul Alderman Linton sold 27,000 shares of the firm’s stock in a transaction dated 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 document filed with the SEC, which can be accessed through the SEC website. 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 value of $5,564,700.00. Following the completion of the sale, the insider now directly owns 44,284 shares in the company, valued at $9,126,932.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Curtis P. Lu sold 2,656 shares of FTI Consulting stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $217.08, for a total transaction of $576,564.48. Following the completion of the sale, the general counsel now owns 29,190 shares of the company’s stock, valued at $6,336,565.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,715 shares of company stock worth $7,617,513. 3.34% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FCN. StockNews.com cut shares of FTI Consulting from a “buy” rating to a “hold” rating in a report on Friday. William Blair reiterated an “outperform” rating on shares of FTI Consulting in a research note on Friday. Finally, Truist Financial increased their price target 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.

FTI Consulting Stock Down 1.8 %

Shares of FTI Consulting stock opened at $211.43 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.46 and a quick ratio of 1.74. The company has a 50-day moving average of $207.20 and a 200 day moving average of $205.27. The firm has a market cap of $7.54 billion, a price-to-earnings ratio of 24.58 and a beta of 0.11. FTI Consulting, Inc. has a 1 year low of $167.39 and a 1 year high of $232.15.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data on Thursday, April 25th. The business services provider reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.47. The business had revenue of $928.60 million during the quarter, compared to analyst estimates of $901.77 million. FTI Consulting had a net margin of 8.51% and a return on equity of 15.97%. FTI Consulting’s revenue was up 15.1% compared to the same quarter last year. During the same period last year, the business earned $1.34 EPS. As a group, sell-side analysts anticipate that FTI Consulting, Inc. will post 8.15 earnings per share for the current fiscal year.

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.