FTI Consulting, Inc. (NYSE:FCN) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 9.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,989,993 shares of the business services provider's stock after purchasing an additional 168,100 shares during the period. Victory Capital Management Inc. owned about 5.61% of FTI Consulting worth $396,307,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in FCN. Arlington Trust Co LLC purchased a new stake in FTI Consulting during the 3rd quarter valued at $28,000. Tompkins Financial Corp purchased a new stake in FTI Consulting in the fourth quarter worth $40,000. Fifth Third Bancorp lifted its stake in 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 acquiring an additional 59 shares during the period. Blue Trust Inc. increased its position in FTI Consulting by 30.1% during the 4th quarter. Blue Trust Inc. now owns 272 shares of the business services provider's stock valued at $54,000 after purchasing an additional 63 shares during the period. Finally, GAMMA Investing LLC purchased a new stake in shares of FTI Consulting in the 4th quarter worth about $57,000. Hedge funds and other institutional investors own 99.36% of the company's stock.

Insiders Place Their Bets

In other news, insider Paul Alderman Linton sold 27,000 shares of FTI Consulting stock in a transaction that occurred 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 sale, the insider now directly owns 44,284 shares in the company, valued at $9,126,932.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other FTI Consulting news, General Counsel Curtis P. Lu sold 2,656 shares of the business's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $217.08, for a total transaction of $576,564.48. Following the completion of the sale, the general counsel now directly owns 29,190 shares in the company, valued at approximately $6,336,565.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paul Alderman Linton sold 27,000 shares of the business'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 sale, the insider now owns 44,284 shares of the company's stock, valued at $9,126,932.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 53,267 shares of company stock valued at $11,205,656. 2.51% of the stock is owned by insiders.

FTI Consulting Stock Down 0.6 %

Shares of FCN traded down $1.29 during trading hours on Wednesday, hitting $212.54. The company had a trading volume of 255,652 shares, compared to its average volume of 208,103. FTI Consulting, Inc. has a 52-week low of $171.81 and a 52-week high of $232.15. The firm has a fifty day moving average price of $208.48 and a 200-day moving average price of $205.99. The stock has a market capitalization of $7.59 billion, a price-to-earnings ratio of 24.71 and a beta of 0.11. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.46 and a current ratio of 2.46.

FTI Consulting (NYSE:FCN - Get Free Report) last issued its earnings results on Thursday, April 25th. The business services provider reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.47. The firm had revenue of $928.60 million for the quarter, compared to the consensus estimate of $901.77 million. FTI Consulting had a net margin of 8.51% and a return on equity of 15.97%. The business's revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.34 earnings per share. On average, equities research analysts forecast that FTI Consulting, Inc. will post 8.22 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on FCN shares. Truist Financial upped their target price on FTI Consulting from $240.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, February 23rd. StockNews.com downgraded shares of FTI Consulting from a "buy" rating to a "hold" rating in a research note on Friday, April 26th. Finally, William Blair reissued an "outperform" rating on shares of FTI Consulting in a research report on Friday, April 26th.

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.