Louisiana State Employees Retirement System Takes $1.99 Million Position in FTI Consulting, Inc. (NYSE:FCN)

Louisiana State Employees Retirement System acquired a new stake in shares of FTI Consulting, Inc. (NYSE:FCN) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,000 shares of the business services provider’s stock, valued at approximately $1,992,000.

A number of other institutional investors and hedge funds have also modified their holdings of FCN. Bank of Montreal Can boosted its stake in FTI Consulting by 270.4% in the 1st quarter. Bank of Montreal Can now owns 13,865 shares of the business services provider’s stock valued at $2,195,000 after buying an additional 10,122 shares in the last quarter. MetLife Investment Management LLC boosted its stake in FTI Consulting by 33.4% in the 1st quarter. MetLife Investment Management LLC now owns 22,159 shares of the business services provider’s stock valued at $3,484,000 after buying an additional 5,542 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in FTI Consulting by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,566 shares of the business services provider’s stock valued at $1,976,000 after buying an additional 1,198 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in FTI Consulting by 8.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 19,575 shares of the business services provider’s stock valued at $3,168,000 after buying an additional 1,505 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its stake in FTI Consulting by 1.6% in the 1st quarter. Yousif Capital Management LLC now owns 19,080 shares of the business services provider’s stock valued at $3,000,000 after buying an additional 308 shares in the last quarter. 99.36% of the stock is currently owned by institutional investors.

FTI Consulting Stock Performance

FTI Consulting stock opened at $204.50 on Thursday. The firm has a market cap of $7.27 billion, a P/E ratio of 26.52 and a beta of 0.11. The business’s fifty day moving average is $204.75 and its two-hundred day moving average is $204.23. FTI Consulting, Inc. has a 52 week low of $167.39 and a 52 week high of $232.15.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings data on Thursday, February 22nd. The business services provider reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.71. The company had revenue of $924.68 million for the quarter, compared to analyst estimates of $840.40 million. FTI Consulting had a return on equity of 14.94% and a net margin of 7.88%. The business’s revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.52 earnings per share. On average, equities research analysts predict that FTI Consulting, Inc. will post 8.15 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Paul Alderman Linton sold 27,000 shares of the company’s stock in a transaction on 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 transaction, the insider now owns 44,284 shares of the company’s stock, valued at $9,126,932.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 acquired 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 of the company’s stock, valued at approximately $3,409,504.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul Alderman Linton sold 27,000 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 44,284 shares in the company, valued at approximately $9,126,932.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,715 shares of company stock valued at $7,617,513. 3.34% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently commented on FCN shares. Truist Financial boosted their price target on FTI Consulting from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. StockNews.com lowered FTI Consulting from a “buy” rating to a “hold” rating in a research note on Thursday.

FTI Consulting 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.