FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Aviva PLC

Posted by Defense World Staff on Feb 26th, 2023

Aviva PLC lessened its stake in FTI Consulting, Inc. (NYSE:FCN – Get Rating) by 16.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,008 shares of the business services provider’s stock after selling 2,020 shares during the quarter. Aviva PLC’s holdings in FTI Consulting were worth $1,658,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FCN. Bank of Montreal Can increased its holdings in shares of FTI Consulting by 270.4% in the first quarter. Bank of Montreal Can now owns 13,865 shares of the business services provider’s stock valued at $2,195,000 after purchasing an additional 10,122 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of FTI Consulting by 33.4% in the first quarter. MetLife Investment Management LLC now owns 22,159 shares of the business services provider’s stock valued at $3,484,000 after purchasing an additional 5,542 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of FTI Consulting by 10.5% in the first 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 purchasing an additional 1,198 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in FTI Consulting by 8.3% during the first quarter. Great West Life Assurance Co. Can now owns 19,575 shares of the business services provider’s stock worth $3,168,000 after acquiring an additional 1,505 shares during the last quarter. Finally, Yousif Capital Management LLC increased its stake in FTI Consulting by 1.6% during the first quarter. Yousif Capital Management LLC now owns 19,080 shares of the business services provider’s stock worth $3,000,000 after acquiring an additional 308 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group started coverage on FTI Consulting in a research note on Tuesday, January 10th. They set a “neutral” rating and a $167.00 target price for the company.

Insider Transactions at FTI Consulting

In other news, insider Paul Alderman Linton sold 1,000 shares of the firm’s stock in a transaction on Friday, December 2nd. The stock was sold at an average price of $172.24, for a total transaction of $172,240.00. Following the completion of the transaction, the insider now directly owns 42,056 shares in the company, valued at $7,243,725.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 3.46% of the company’s stock.

FTI Consulting Price Performance

FCN stock opened at $183.70 on Friday. FTI Consulting, Inc. has a 52-week low of $140.09 and a 52-week high of $190.43. The business has a fifty day moving average of $161.39 and a two-hundred day moving average of $164.11. The stock has a market cap of $6.32 billion, a price-to-earnings ratio of 27.96 and a beta of 0.27. The company has a quick ratio of 2.15, a current ratio of 1.96 and a debt-to-equity ratio of 0.19.

FTI Consulting (NYSE:FCN – Get Rating) last released its quarterly earnings results on Thursday, February 23rd. The business services provider reported $1.52 EPS for the quarter, topping the consensus estimate of $1.33 by $0.19. FTI Consulting had a return on equity of 14.73% and a net margin of 7.78%. The business had revenue of $774.43 million during the quarter, compared to analyst estimates of $738.82 million. During the same period last year, the business posted $1.13 earnings per share. The company’s quarterly revenue was up 14.5% on a year-over-year basis. As a group, research analysts anticipate that FTI Consulting, Inc. will post 7.42 earnings per share for the current year.

About FTI Consulting

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FTI Consulting, Inc engages in the provision of financial, legal, operational, political and regulatory, reputational and transactional advisory services. It operates through the following segments: Corporate Finance and Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications.