FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC reduced its holdings in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 21.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,201 shares of the business services provider's stock after selling 19,398 shares during the period. Peregrine Capital Management LLC owned about 0.20% of FTI Consulting worth $14,180,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FCN. Arlington Trust Co LLC purchased a new stake in FTI Consulting during the third quarter valued at approximately $28,000. Ancora Advisors LLC purchased a new stake in shares of FTI Consulting in the first quarter worth $32,000. Fifth Third Bancorp increased its stake in shares of FTI Consulting by 37.1% in the third quarter. Fifth Third Bancorp now owns 218 shares of the business services provider's stock worth $39,000 after purchasing an additional 59 shares in the last quarter. Ronald Blue Trust Inc. increased its stake in shares of FTI Consulting by 533.3% in the third quarter. Ronald Blue Trust Inc. now owns 209 shares of the business services provider's stock worth $40,000 after purchasing an additional 176 shares in the last quarter. Finally, Tompkins Financial Corp purchased a new stake in shares of FTI Consulting in the fourth quarter worth $40,000. 99.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FCN has been the subject of several research analyst reports. Truist Financial raised their target price on shares of 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 raised shares of FTI Consulting from a "hold" rating to a "buy" rating in a research note on Thursday, March 14th.

Insider Transactions at FTI Consulting

In other FTI Consulting news, Director Brenda J. Bacon purchased 1,120 shares of FTI Consulting stock in a transaction dated Friday, February 23rd. The shares were purchased at an average cost of $222.96 per share, for a total transaction of $249,715.20. Following the completion of the acquisition, the director now owns 15,292 shares in the company, valued at approximately $3,409,504.32. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In other FTI Consulting news, Director Brenda J. Bacon purchased 1,120 shares of FTI Consulting stock in a transaction dated Friday, February 23rd. The shares were purchased at an average cost of $222.96 per share, for a total transaction of $249,715.20. Following the completion of the acquisition, the director now owns 15,292 shares in the company, valued at approximately $3,409,504.32. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Curtis P. Lu sold 2,656 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $217.08, for a total value of $576,564.48. Following the completion of the sale, the general counsel now owns 29,190 shares in the company, valued at $6,336,565.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,715 shares of company stock worth $7,617,513. 3.34% of the stock is currently owned by company insiders.

FTI Consulting Price Performance

Shares of FTI Consulting stock traded up $0.06 during trading hours on Tuesday, reaching $207.78. The company's stock had a trading volume of 76,097 shares, compared to its average volume of 205,728. The firm has a 50 day moving average price of $203.15 and a 200-day moving average price of $203.27. FTI Consulting, Inc. has a one year low of $167.39 and a one year high of $232.15. The stock has a market cap of $7.38 billion, a P/E ratio of 26.95 and a beta of 0.11.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The business services provider reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.71. The business had revenue of $924.68 million during 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 company's revenue for the quarter was up 19.4% on a year-over-year basis. During the same period last year, the company earned $1.52 EPS. As a group, sell-side analysts forecast that FTI Consulting, Inc. will post 8.15 EPS for the current fiscal year.

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.