Alaska Permanent Fund Corp Boosts Position in FTI Consulting, Inc. (NYSE:FCN)

Alaska Permanent Fund Corp lifted its position in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 317.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,751 shares of the business services provider's stock after acquiring an additional 18,821 shares during the quarter. Alaska Permanent Fund Corp owned 0.07% of FTI Consulting worth $4,929,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in FCN. Victory Capital Management Inc. raised its holdings in FTI Consulting by 59.1% in the third quarter. Victory Capital Management Inc. now owns 1,821,893 shares of the business services provider's stock worth $325,044,000 after purchasing an additional 676,599 shares in the last quarter. American Century Companies Inc. raised its holdings in FTI Consulting by 6,793.8% in the third quarter. American Century Companies Inc. now owns 192,407 shares of the business services provider's stock worth $34,327,000 after purchasing an additional 189,616 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in FTI Consulting by 26.8% in the third quarter. Ameriprise Financial Inc. now owns 606,786 shares of the business services provider's stock worth $108,257,000 after purchasing an additional 128,095 shares in the last quarter. Van Berkom & Associates Inc. raised its holdings in FTI Consulting by 39.8% in the third quarter. Van Berkom & Associates Inc. now owns 389,062 shares of the business services provider's stock worth $69,413,000 after purchasing an additional 110,845 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in FTI Consulting by 32.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 398,132 shares of the business services provider's stock worth $71,031,000 after purchasing an additional 98,614 shares in the last quarter. 99.36% of the stock is currently owned by institutional investors.

Insider Transactions at FTI Consulting

In other news, insider Paul Alderman Linton sold 27,000 shares of the company's stock in a transaction that occurred 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 transaction, the insider now directly owns 44,284 shares of the company's stock, valued at approximately $9,126,932.40. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Brenda J. Bacon acquired 1,120 shares of FTI Consulting stock in a transaction that occurred on 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 purchase, the director now owns 15,292 shares in the company, valued at $3,409,504.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paul Alderman Linton sold 27,000 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $206.10, for a total value of $5,564,700.00. Following the completion of the transaction, the insider now directly owns 44,284 shares of the company's stock, valued at $9,126,932.40. The disclosure for this sale can be found here. Insiders sold a total of 36,715 shares of company stock valued at $7,617,513 in the last three months. 3.34% of the stock is currently owned by company insiders.

FTI Consulting Trading Up 0.7 %

FTI Consulting stock traded up $1.57 during mid-day trading on Thursday, hitting $215.31. The company had a trading volume of 534,924 shares, compared to its average volume of 203,098. FTI Consulting, Inc. has a 12-month low of $167.39 and a 12-month high of $232.15. The company's fifty day moving average is $206.71 and its 200-day moving average is $205.20. The company has a market capitalization of $7.67 billion, a price-to-earnings ratio of 28.48 and a beta of 0.11.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on FCN shares. StockNews.com lowered FTI Consulting from a "buy" rating to a "hold" rating in a research note on Thursday, April 18th. 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.