Apollon Wealth Management LLC Makes New $910,000 Investment in FTI Consulting, Inc. (NYSE:FCN)

Apollon Wealth Management LLC acquired a new stake in FTI Consulting, Inc. (NYSE:FCN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,569 shares of the business services provider’s stock, valued at approximately $910,000.

Other institutional investors have also modified their holdings of the company. Tompkins Financial Corp acquired a new stake in FTI Consulting in the fourth quarter valued at $40,000. Fifth Third Bancorp increased its holdings in shares of 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 acquiring an additional 59 shares during the last quarter. Blue Trust Inc. raised its position in shares of 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 acquiring an additional 63 shares in the last quarter. GAMMA Investing LLC purchased a new stake in FTI Consulting during the fourth quarter worth approximately $57,000. Finally, Parkside Financial Bank & Trust boosted its holdings in FTI Consulting by 20.8% in the third quarter. Parkside Financial Bank & Trust now owns 412 shares of the business services provider’s stock valued at $74,000 after purchasing an additional 71 shares in the last quarter. 99.36% of the stock is owned by hedge funds and other institutional investors.

FTI Consulting Trading Down 0.4 %

FCN opened at $218.36 on Friday. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.10. FTI Consulting, Inc. has a 52 week low of $171.81 and a 52 week high of $232.15. The business’s 50 day moving average is $209.21 and its two-hundred day moving average is $207.14. The firm has a market cap of $7.80 billion, a price-to-earnings ratio of 25.39 and a beta of 0.10.

FTI Consulting (NYSE:FCN) last announced its earnings results on Thursday, April 25th. The business services provider reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.47. FTI Consulting had a net margin of 8.51% and a return on equity of 15.97%. The business had revenue of $928.60 million for the quarter, compared to analysts’ expectations of $901.77 million. During the same period in the previous year, the company posted $1.34 EPS. The company’s quarterly revenue was up 15.1% on a year-over-year basis. On average, research analysts predict that FTI Consulting, Inc. will post 8.22 EPS for the current year.

Wall Street Analysts Forecast Growth

FCN has been the topic of a number of research analyst reports. StockNews.com cut shares of FTI Consulting from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Truist Financial boosted their price target 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. Finally, William Blair reaffirmed an “outperform” rating on shares of FTI Consulting in a report on Friday, April 26th.

Insider Buying and Selling at FTI Consulting

In other FTI Consulting 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 sale, the insider now directly owns 44,284 shares of the company’s stock, valued at approximately $9,126,932.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Brenda J. Bacon acquired 1,120 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was bought at an average price of $222.96 per share, for a total transaction of $249,715.20. Following the transaction, the director now owns 15,292 shares in the company, valued at $3,409,504.32. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul Alderman Linton sold 27,000 shares of the firm’s stock in a transaction 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 sale, the insider now owns 44,284 shares of the company’s stock, valued at approximately $9,126,932.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,759 shares of company stock worth $11,535,597. 2.51% of the stock is owned by company insiders.

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.