2,500 Shares in FTI Consulting, Inc. (NYSE:FCN) Bought by South Dakota Investment Council

South Dakota Investment Council purchased a new position in shares of FTI Consulting, Inc. (NYSE:FCN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,500 shares of the business services provider’s stock, valued at approximately $498,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of FCN. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of FTI Consulting by 1.3% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,455,529 shares of the business services provider’s stock valued at $616,501,000 after acquiring an additional 44,819 shares in the last quarter. Vanguard Group Inc. raised its position 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 buying an additional 25,413 shares during the last quarter. Victory Capital Management Inc. increased its position in FTI Consulting by 59.1% during the third quarter. Victory Capital Management Inc. now owns 1,821,893 shares of the business services provider’s stock worth $325,044,000 after purchasing an additional 676,599 shares during the last quarter. Morgan Stanley grew its stake in FTI Consulting by 1.2% during the third quarter. Morgan Stanley now owns 1,452,226 shares of the business services provider’s stock worth $259,092,000 after buying an additional 17,731 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in FTI Consulting by 26.8% during the third quarter. Ameriprise Financial Inc. now owns 606,786 shares of the business services provider’s stock worth $108,257,000 after buying an additional 128,095 shares during the period. 99.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. StockNews.com cut shares of FTI Consulting from a “buy” rating to a “hold” rating in a report on Friday. Truist Financial raised 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.

FTI Consulting Stock Performance

Shares of NYSE FCN opened at $215.31 on Friday. The stock has a market cap of $7.67 billion, a PE ratio of 27.93 and a beta of 0.11. The business has a fifty day moving average of $207.20 and a two-hundred day moving average of $205.27. FTI Consulting, Inc. has a 52-week low of $167.39 and a 52-week high of $232.15.

FTI Consulting (NYSE:FCN) last released its earnings results 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. The firm had revenue of $928.60 million for the quarter, compared to analysts’ expectations of $901.77 million. FTI Consulting had a return on equity of 14.94% and a net margin of 7.88%. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.34 EPS. Analysts predict that FTI Consulting, Inc. will post 8.15 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Brenda J. Bacon purchased 1,120 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were purchased 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 owns 15,292 shares of the company’s stock, valued at approximately $3,409,504.32. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other FTI Consulting 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 transaction, the insider now owns 44,284 shares of the company’s stock, valued at approximately $9,126,932.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brenda J. Bacon acquired 1,120 shares of FTI Consulting stock in a transaction that occurred on Friday, February 23rd. The shares were purchased at an average cost of $222.96 per share, with a total value of $249,715.20. Following the purchase, 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 quarter, insiders have sold 36,715 shares of company stock worth $7,617,513. Company insiders own 3.34% of the company’s stock.

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.