Baillie Gifford & Co. Reduces Position in FTI Consulting, Inc. (NYSE:FCN)

Baillie Gifford & Co. lessened its stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 14.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,982 shares of the business services provider's stock after selling 5,527 shares during the quarter. Baillie Gifford & Co. owned approximately 0.09% of FTI Consulting worth $6,369,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Arlington Trust Co LLC bought a new stake in FTI Consulting in the third quarter valued at approximately $28,000. Ancora Advisors LLC bought a new stake in FTI Consulting in the 1st quarter valued at $32,000. Fifth Third Bancorp lifted its holdings in FTI Consulting by 37.1% during the 3rd quarter. Fifth Third Bancorp now owns 218 shares of the business services provider's stock valued at $39,000 after purchasing an additional 59 shares during the last quarter. Ronald Blue Trust Inc. boosted its position in FTI Consulting by 533.3% during 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 during the period. Finally, Tompkins Financial Corp acquired a new position in shares of FTI Consulting in the fourth quarter valued at $40,000. Institutional investors and hedge funds own 99.36% of the company's stock.

FTI Consulting Trading Down 0.9 %

Shares of NYSE:FCN traded down $1.82 on Thursday, reaching $205.46. 93,935 shares of the company's stock were exchanged, compared to its average volume of 202,642. FTI Consulting, Inc. has a twelve month low of $167.39 and a twelve month high of $232.15. The company has a fifty day moving average of $203.75 and a 200-day moving average of $203.31. The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of 26.65 and a beta of 0.11.

FTI Consulting (NYSE:FCN - Get Free Report) last released its earnings results on Thursday, February 22nd. The business services provider reported $2.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.57 by $0.71. FTI Consulting had a return on equity of 14.94% and a net margin of 7.88%. The firm had revenue of $924.68 million during the quarter, compared to the consensus estimate of $840.40 million. During the same period in the prior year, the company posted $1.52 EPS. The company's revenue was up 19.4% compared to the same quarter last year. As a group, equities research analysts forecast that FTI Consulting, Inc. will post 8.15 EPS for the current fiscal year.

Insiders Place Their Bets

In related 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 completion of the sale, the insider now directly owns 44,284 shares in the company, valued at approximately $9,126,932.40. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider Paul Alderman Linton sold 27,000 shares of the company's stock in a transaction that occurred on 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 transaction, the insider now directly owns 44,284 shares in the company, valued at approximately $9,126,932.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Brenda J. Bacon acquired 1,120 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The stock was bought at an average cost of $222.96 per share, with a total value of $249,715.20. Following the purchase, the director now owns 15,292 shares in the company, valued at $3,409,504.32. The disclosure for this purchase can be found here. Insiders sold 36,715 shares of company stock worth $7,617,513 over the last three months. Insiders own 3.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on FCN shares. StockNews.com upgraded shares of FTI Consulting from a "hold" rating to a "buy" rating in a research note on Wednesday. Truist Financial upped their target price on FTI Consulting from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Friday, February 23rd.

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.