Laurus Investment Counsel Inc. Sells 700 Shares of FTI Consulting, Inc. (NYSE:FCN)

Laurus Investment Counsel Inc. reduced its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 7.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,460 shares of the business services provider’s stock after selling 700 shares during the quarter. FTI Consulting makes up approximately 0.8% of Laurus Investment Counsel Inc.’s holdings, making the stock its 28th biggest position. Laurus Investment Counsel Inc.’s holdings in FTI Consulting were worth $1,685,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in FCN. Arlington Trust Co LLC bought a new position in shares of FTI Consulting during the 3rd quarter worth approximately $28,000. Ancora Advisors LLC bought a new position in shares of FTI Consulting during the 1st quarter worth approximately $32,000. Fifth Third Bancorp grew its stake in shares of 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 acquiring an additional 59 shares in the last quarter. Ronald Blue Trust Inc. grew its stake in shares of 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 acquiring an additional 176 shares in the last quarter. Finally, Tompkins Financial Corp bought a new position in shares of FTI Consulting during the 4th quarter worth approximately $40,000. 99.36% of the stock is owned by institutional investors.

Insider Buying and Selling at FTI Consulting

In other FTI Consulting news, Director Brenda J. Bacon purchased 1,120 shares of the business’s stock in a transaction on 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 acquisition, the director now directly owns 15,292 shares of the company’s stock, valued at approximately $3,409,504.32. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other FTI Consulting news, General Counsel Curtis P. Lu sold 2,656 shares of the firm’s stock in a transaction on 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 owns 29,190 shares of the company’s stock, valued at approximately $6,336,565.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brenda J. Bacon bought 1,120 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were purchased at an average cost of $222.96 per share, with a total value of $249,715.20. Following the acquisition, the director now directly owns 15,292 shares of the company’s stock, valued at approximately $3,409,504.32. The disclosure for this purchase can be found here. Insiders sold 36,715 shares of company stock valued at $7,617,513 in the last quarter. 3.34% of the stock is currently owned by insiders.

FTI Consulting Trading Up 0.5 %

NYSE:FCN opened at $209.29 on Thursday. FTI Consulting, Inc. has a 1-year low of $167.39 and a 1-year high of $232.15. The firm has a fifty day simple moving average of $201.51 and a 200 day simple moving average of $201.46. The stock has a market capitalization of $7.44 billion, a PE ratio of 27.15 and a beta of 0.12.

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

Wall Street Analyst Weigh In

FCN has been the subject of several research reports. Truist Financial raised their price target on shares of FTI Consulting from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th.

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.