299 Shares in FTI Consulting, Inc. (NYSE:FCN) Bought by GAMMA Investing LLC

GAMMA Investing LLC purchased a new stake in FTI Consulting, Inc. (NYSE:FCN) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 299 shares of the business services provider’s stock, valued at approximately $57,000.

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

Insider Buying and Selling at FTI Consulting

In other news, insider Paul Alderman Linton sold 27,000 shares of the 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 owns 44,284 shares in the company, valued at $9,126,932.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other FTI Consulting news, insider Paul Alderman Linton sold 27,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 44,284 shares of the company’s stock, valued at approximately $9,126,932.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Brenda J. Bacon acquired 1,120 shares of the firm’s 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 transaction, the director now directly owns 15,292 shares in the company, valued at approximately $3,409,504.32. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 53,267 shares of company stock worth $11,205,656. 2.51% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on FCN. StockNews.com downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Truist Financial raised their price objective on FTI Consulting from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Finally, William Blair reissued an “outperform” rating on shares of FTI Consulting in a report on Friday, April 26th.

FTI Consulting Price Performance

Shares of NYSE FCN opened at $212.54 on Thursday. The stock has a market cap of $7.59 billion, a P/E ratio of 24.71 and a beta of 0.11. FTI Consulting, Inc. has a twelve month low of $171.81 and a twelve month high of $232.15. The stock has a 50 day moving average of $208.93 and a two-hundred day moving average of $206.04. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.10.

FTI Consulting (NYSE:FCN) last announced its 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. The business had revenue of $928.60 million for the quarter, compared to analysts’ expectations of $901.77 million. FTI Consulting had a net margin of 8.51% and a return on equity of 15.97%. The company’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.34 EPS. On average, research analysts forecast that FTI Consulting, Inc. will post 8.22 earnings per share for the current year.

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.