Alaska Permanent Fund Corp Has $4.93 Million Stock Holdings in FTI Consulting, Inc. (NYSE:FCN)

Alaska Permanent Fund Corp boosted its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 317.4% in the 4th quarter, HoldingsChannel.com reports. The firm 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’s holdings in FTI Consulting were worth $4,929,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in FCN. Fifth Third Bancorp boosted its holdings in shares of FTI Consulting by 23.4% during the 4th quarter. Fifth Third Bancorp now owns 269 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 51 shares in the last quarter. KB Financial Partners LLC lifted its stake in shares of FTI Consulting by 1.0% in the 3rd quarter. KB Financial Partners LLC now owns 5,996 shares of the business services provider’s stock valued at $1,070,000 after purchasing an additional 58 shares during the period. Procyon Advisors LLC increased its position in FTI Consulting by 4.9% in the 4th quarter. Procyon Advisors LLC now owns 1,266 shares of the business services provider’s stock valued at $252,000 after buying an additional 59 shares in the last quarter. Portside Wealth Group LLC increased its position in FTI Consulting by 5.1% in the 4th quarter. Portside Wealth Group LLC now owns 1,309 shares of the business services provider’s stock valued at $261,000 after buying an additional 63 shares in the last quarter. Finally, Blue Trust Inc. increased its position in FTI Consulting by 30.1% in the 4th quarter. Blue Trust Inc. now owns 272 shares of the business services provider’s stock valued at $54,000 after buying an additional 63 shares in the last quarter. 99.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

FTI Consulting Stock Performance

Shares of FCN traded up $6.64 during mid-day trading on Thursday, reaching $220.38. The company had a trading volume of 129,464 shares, compared to its average volume of 197,635. The firm has a 50-day moving average price of $206.25 and a 200 day moving average price of $205.14. FTI Consulting, Inc. has a 52 week low of $167.39 and a 52 week high of $232.15. The company has a market capitalization of $7.85 billion, a price-to-earnings ratio of 27.72 and a beta of 0.11.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings results on Thursday, February 22nd. The business services provider reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.71. FTI Consulting had a return on equity of 14.94% and a net margin of 7.88%. The firm had revenue of $924.68 million for the quarter, compared to analysts’ expectations of $840.40 million. During the same period in the previous year, the firm posted $1.52 EPS. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. As a group, research analysts forecast that FTI Consulting, Inc. will post 8.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Brenda J. Bacon acquired 1,120 shares of FTI Consulting stock in a transaction dated Friday, February 23rd. The stock was purchased at an average cost of $222.96 per share, for a total transaction of $249,715.20. Following the purchase, the director now directly owns 15,292 shares of the company’s stock, valued at approximately $3,409,504.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Paul Alderman Linton sold 27,000 shares of the stock in a transaction dated 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 owns 44,284 shares of the company’s stock, valued at approximately $9,126,932.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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, for a total transaction of $249,715.20. Following the completion of the transaction, the director now directly owns 15,292 shares in the company, valued at $3,409,504.32. The disclosure for this purchase can be found here. Insiders sold a total of 36,715 shares of company stock worth $7,617,513 in the last three months. Insiders own 3.34% of the company’s stock.

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.