Louisiana State Employees Retirement System Purchases Shares of 10,000 FTI Consulting, Inc. (NYSE:FCN)

Louisiana State Employees Retirement System acquired a new stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,000 shares of the business services provider's stock, valued at approximately $1,992,000.

A number of other institutional investors have also made changes to their positions in the stock. Arlington Trust Co LLC bought a new position in shares of FTI Consulting in the third quarter valued at approximately $28,000. Ancora Advisors LLC bought a new stake in FTI Consulting during the 1st quarter valued at approximately $32,000. Fifth Third Bancorp grew its holdings in FTI Consulting by 37.1% in the 3rd quarter. Fifth Third Bancorp now owns 218 shares of the business services provider's stock valued at $39,000 after buying an additional 59 shares during the last quarter. Ronald Blue Trust Inc. boosted its holdings in FTI Consulting by 533.3% in the 3rd quarter. Ronald Blue Trust Inc. now owns 209 shares of the business services provider's stock valued at $40,000 after purchasing an additional 176 shares during the period. Finally, Tompkins Financial Corp acquired a new stake in FTI Consulting in the 4th quarter worth $40,000. 99.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FCN. Truist Financial upped their price target on FTI Consulting from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Friday, February 23rd. StockNews.com lowered shares of FTI Consulting from a "buy" rating to a "hold" rating in a report on Thursday.

FTI Consulting Trading Up 1.5 %

Shares of FTI Consulting stock traded up $3.01 on Thursday, reaching $207.48. 120,356 shares of the company were exchanged, compared to its average volume of 197,770. FTI Consulting, Inc. has a one year low of $167.39 and a one year high of $232.15. The company has a 50-day moving average of $205.02 and a 200 day moving average of $204.26. The company has a market capitalization of $7.37 billion, a price-to-earnings ratio of 26.91 and a beta of 0.11.

FTI Consulting (NYSE:FCN - Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The business services provider reported $2.28 EPS 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 company had revenue of $924.68 million during the quarter, compared to analysts' expectations of $840.40 million. During the same period in the prior year, the company earned $1.52 EPS. FTI Consulting's revenue was up 19.4% compared to the same quarter last year. Analysts predict that FTI Consulting, Inc. will post 8.15 earnings per share for the current year.

Insider Activity

In other news, Director Brenda J. Bacon bought 1,120 shares of the business's stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average cost of $222.96 per share, for a total transaction of $249,715.20. Following the acquisition, the director now directly owns 15,292 shares in the company, valued at $3,409,504.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Brenda J. Bacon acquired 1,120 shares of the stock in a transaction dated Friday, February 23rd. The stock was purchased at an average cost of $222.96 per share, with a total value of $249,715.20. Following the completion of the purchase, the director now directly owns 15,292 shares in the company, valued at approximately $3,409,504.32. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Curtis P. Lu sold 2,656 shares of the company's stock in a transaction 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 sale, the general counsel now owns 29,190 shares of the company's stock, valued at approximately $6,336,565.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,715 shares of company stock worth $7,617,513. Company insiders own 3.34% of the company's stock.

FTI Consulting Company 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.