Alaska Permanent Fund Corp Increases Holdings in FTI Consulting, Inc. (NYSE:FCN)

Alaska Permanent Fund Corp increased its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 317.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,751 shares of the business services provider’s stock after buying an additional 18,821 shares during the quarter. Alaska Permanent Fund Corp owned about 0.07% of FTI Consulting worth $4,929,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arlington Trust Co LLC acquired a new position in FTI Consulting during the 3rd quarter worth $28,000. Tompkins Financial Corp acquired a new position in FTI Consulting during the 4th quarter worth $40,000. Ronald Blue Trust Inc. grew its stake in FTI Consulting by 533.3% during the 3rd 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 in the last quarter. Fifth Third Bancorp grew its stake in FTI Consulting by 37.1% during the 3rd quarter. Fifth Third Bancorp now owns 218 shares of the business services provider’s stock worth $39,000 after purchasing an additional 59 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in FTI Consulting by 30.1% during the 4th quarter. Blue Trust Inc. now owns 272 shares of the business services provider’s stock worth $54,000 after purchasing an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. StockNews.com cut FTI Consulting from a “buy” rating to a “hold” rating in a research report on Thursday, April 18th. Truist Financial increased their target price on FTI Consulting from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd.

FTI Consulting Stock Up 3.1 %

Shares of FCN traded up $6.64 on Thursday, reaching $220.38. The stock had a trading volume of 129,464 shares, compared to its average volume of 197,635. The firm has a market capitalization of $7.85 billion, a PE ratio of 27.72 and a beta of 0.11. The firm has a 50-day moving average of $206.25 and a 200 day moving average of $205.14. FTI Consulting, Inc. has a twelve month low of $167.39 and a twelve month high of $232.15.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings data on Thursday, February 22nd. The business services provider reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.71. FTI Consulting had a return on equity of 14.94% and a net margin of 7.88%. The business had revenue of $924.68 million for the quarter, compared to analysts’ expectations of $840.40 million. During the same quarter last year, the firm earned $1.52 earnings per share. The business’s revenue was up 19.4% on a year-over-year basis. On average, sell-side analysts anticipate that FTI Consulting, Inc. will post 8.15 earnings per share for the current fiscal year.

Insider Transactions at FTI Consulting

In related news, insider Paul Alderman Linton sold 27,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $206.10, for a total value of $5,564,700.00. Following 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 Securities & Exchange Commission, which is available at this link. In other news, Director Brenda J. Bacon acquired 1,120 shares of the 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 completion of the acquisition, the director now directly owns 15,292 shares in the company, valued at $3,409,504.32. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $5,564,700.00. Following 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 have sold 36,715 shares of company stock worth $7,617,513 over the last quarter. 3.34% of the stock is currently owned by insiders.

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.