FTI Consulting, Inc. (NYSE:FCN) Stake Trimmed by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky cut its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 4.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,229 shares of the business services provider’s stock after selling 500 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in FTI Consulting were worth $2,236,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp lifted its position in shares of FTI Consulting by 23.4% in the 4th quarter. Fifth Third Bancorp now owns 269 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 51 shares in the last quarter. KB Financial Partners LLC grew its holdings in shares of FTI Consulting by 1.0% during the third quarter. KB Financial Partners LLC now owns 5,996 shares of the business services provider’s stock valued at $1,070,000 after buying an additional 58 shares in the last quarter. Procyon Advisors LLC raised its position in FTI Consulting by 4.9% during the fourth quarter. Procyon Advisors LLC now owns 1,266 shares of the business services provider’s stock valued at $252,000 after buying an additional 59 shares during the period. Portside Wealth Group LLC lifted its stake in FTI Consulting by 5.1% in the 4th quarter. Portside Wealth Group LLC now owns 1,309 shares of the business services provider’s stock worth $261,000 after acquiring an additional 63 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in FTI Consulting by 30.1% during the 4th quarter. Blue Trust Inc. now owns 272 shares of the business services provider’s stock worth $54,000 after acquiring an additional 63 shares during the period. 99.36% of the stock is currently owned by institutional investors and hedge funds.

FTI Consulting Stock Down 0.6 %

Shares of FTI Consulting stock opened at $206.82 on Friday. The stock has a 50-day simple moving average of $215.02 and a 200-day simple moving average of $207.44. FTI Consulting, Inc. has a 52-week low of $171.81 and a 52-week high of $232.15. The firm has a market cap of $7.38 billion, a price-to-earnings ratio of 24.05 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:FCN) last posted its earnings results on Thursday, April 25th. The business services provider reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.47. FTI Consulting had a net margin of 8.51% and a return on equity of 15.97%. The firm had revenue of $928.60 million during the quarter, compared to analysts’ expectations of $901.77 million. During the same period in the previous year, the company earned $1.34 earnings per share. The company’s revenue was up 15.1% compared to the same quarter last year. On average, equities research analysts expect that FTI Consulting, Inc. will post 8.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. StockNews.com downgraded FTI Consulting from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Truist Financial increased their target price 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. Finally, William Blair restated an “outperform” rating on shares of FTI Consulting in a report on Friday, April 26th.

Insiders Place Their Bets

In other FTI Consulting news, CFO Ajay Sabherwal sold 596 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $226.13, for a total value of $134,773.48. Following the completion of the sale, the chief financial officer now owns 13,455 shares of the company’s stock, valued at $3,042,579.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Paul Alderman Linton sold 16,552 shares of FTI Consulting stock in a transaction dated 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 $11,579,520.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ajay Sabherwal sold 596 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $226.13, for a total value of $134,773.48. Following the transaction, the chief financial officer now directly owns 13,455 shares of the company’s stock, valued at approximately $3,042,579.15. The disclosure for this sale can be found here. Insiders have sold 51,088 shares of company stock valued at $11,163,977 over the last three months. 2.51% of the stock is currently owned by insiders.

About FTI Consulting

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.