Texas Permanent School Fund reduced its position in FTI Consulting, Inc. (NYSE:FCN – Get Rating) by 6.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,142 shares of the business services provider’s stock after selling 1,701 shares during the quarter. Texas Permanent School Fund owned approximately 0.07% of FTI Consulting worth $3,675,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. boosted its stake in shares of FTI Consulting by 653.6% in the 3rd quarter. Bessemer Group Inc. now owns 211 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 183 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of FTI Consulting by 103.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 230 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 117 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of FTI Consulting by 42.9% in the 3rd quarter. Quadrant Capital Group LLC now owns 263 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 79 shares during the last quarter. Clearstead Advisors LLC bought a new stake in shares of FTI Consulting in the 3rd quarter valued at $46,000. Finally, Column Capital Advisors LLC boosted its stake in shares of FTI Consulting by 62.0% in the 4th quarter. Column Capital Advisors LLC now owns 337 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 129 shares during the last quarter.
Analysts Set New Price Targets
A number of research analysts recently issued reports on FCN shares. Truist Financial boosted their target price on shares of FTI Consulting from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, March 13th. StockNews.com downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating in a research report on Saturday, March 18th. Finally, The Goldman Sachs Group started coverage on shares of FTI Consulting in a research report on Tuesday, January 10th. They set a “neutral” rating and a $167.00 target price on the stock.
FTI Consulting Stock Down 1.1 %
FTI Consulting (NYSE:FCN – Get Rating) last released its quarterly earnings data on Thursday, April 27th. The business services provider reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($0.33). FTI Consulting had a return on equity of 13.81% and a net margin of 7.19%. The business had revenue of $806.71 million for the quarter, compared to analyst estimates of $795.44 million. During the same quarter in the previous year, the company posted $1.66 EPS. The business’s quarterly revenue was up 11.5% on a year-over-year basis. As a group, sell-side analysts predict that FTI Consulting, Inc. will post 7.3 EPS for the current fiscal year.
Insiders Place Their Bets
In other FTI Consulting news, General Counsel Curtis P. Lu sold 2,511 shares of the company’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $182.73, for a total transaction of $458,835.03. Following the transaction, the general counsel now owns 28,884 shares in the company, valued at $5,277,973.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, General Counsel Curtis P. Lu sold 2,511 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $182.73, for a total value of $458,835.03. Following the completion of the sale, the general counsel now owns 28,884 shares in the company, valued at $5,277,973.32. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Steven Henry Gunby sold 14,576 shares of the stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $185.03, for a total transaction of $2,696,997.28. Following the completion of the sale, the chief executive officer now owns 514,481 shares of the company’s stock, valued at approximately $95,194,419.43. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 69,187 shares of company stock worth $12,795,055. Insiders own 3.46% of the company’s stock.
FTI Consulting Company Profile
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.
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