4,569 Shares in FTI Consulting, Inc. (NYSE:FCN) Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC bought a new stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,569 shares of the business services provider's stock, valued at approximately $910,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Tompkins Financial Corp acquired a new stake in shares of FTI Consulting in the 4th quarter valued at $40,000. Fifth Third Bancorp grew its stake in shares of FTI Consulting by 37.1% during 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 during the period. Blue Trust Inc. grew its stake in shares of FTI Consulting by 30.1% during the fourth quarter. Blue Trust Inc. now owns 272 shares of the business services provider's stock worth $54,000 after purchasing an additional 63 shares during the period. GAMMA Investing LLC acquired a new stake in shares of FTI Consulting during the fourth quarter worth $57,000. Finally, Parkside Financial Bank & Trust grew its stake in shares of FTI Consulting by 20.8% during the third quarter. Parkside Financial Bank & Trust now owns 412 shares of the business services provider's stock worth $74,000 after purchasing an additional 71 shares during the period. Institutional investors own 99.36% of the company's stock.

FTI Consulting Stock Up 1.6 %

Shares of FTI Consulting stock traded up $3.42 during midday trading on Friday, hitting $221.78. The company had a trading volume of 189,750 shares, compared to its average volume of 204,703. The stock has a market capitalization of $7.92 billion, a P/E ratio of 25.39 and a beta of 0.10. FTI Consulting, Inc. has a 52-week low of $171.81 and a 52-week high of $232.15. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.46 and a current ratio of 2.46. The company has a 50 day moving average of $209.21 and a 200 day moving average of $207.14.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The business services provider reported $2.23 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.47. The firm had revenue of $928.60 million during 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 company's revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.34 earnings per share. On average, equities analysts predict that FTI Consulting, Inc. will post 8.22 earnings per share for the current fiscal year.

Insider Activity at FTI Consulting

In other news, Director Brenda J. Bacon purchased 1,120 shares of the company's stock in a transaction dated Friday, February 23rd. The stock was acquired at an average price of $222.96 per share, with a total value of $249,715.20. Following the purchase, the director now directly 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 link. In other FTI Consulting news, Director Brenda J. Bacon bought 1,120 shares of FTI Consulting stock in a transaction 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 at the SEC website. Also, General Counsel Curtis P. Lu sold 2,656 shares of the firm's stock in a transaction on Monday, February 26th. The shares were 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 owns 29,190 shares in the company, valued at $6,336,565.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 83,199 shares of company stock valued at $17,752,865. Corporate insiders own 2.51% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on FCN shares. William Blair reiterated an "outperform" rating on shares of FTI Consulting in a report on Friday, April 26th. StockNews.com downgraded FTI Consulting from a "buy" rating to a "hold" rating in a research note on Friday, April 26th. Finally, Truist Financial increased their target price on shares of FTI Consulting from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Friday, February 23rd.

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.