Securian Asset Management Inc. Purchases 115 Shares of FTI Consulting, Inc. (NYSE:FCN)

Securian Asset Management Inc. boosted its position in FTI Consulting, Inc. (NYSE:FCN) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,997 shares of the business services provider’s stock after acquiring an additional 115 shares during the quarter. Securian Asset Management Inc.’s holdings in FTI Consulting were worth $597,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp increased its stake in FTI Consulting by 23.4% in the fourth 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 during the last quarter. KB Financial Partners LLC boosted its position in FTI Consulting by 1.0% during the third quarter. KB Financial Partners LLC now owns 5,996 shares of the business services provider’s stock valued at $1,070,000 after buying an additional 58 shares during the period. Procyon Advisors LLC boosted its position in FTI Consulting by 4.9% during the fourth 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 during the period. Portside Wealth Group LLC boosted its position in FTI Consulting by 5.1% during the fourth 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 during the period. Finally, Blue Trust Inc. boosted its position in FTI Consulting by 30.1% during the fourth 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 during the period. Institutional investors own 99.36% of the company’s stock.

FTI Consulting Stock Performance

FTI Consulting stock opened at $224.15 on Thursday. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average of $212.38 and a 200-day moving average of $208.23. The firm has a market cap of $8.00 billion, a P/E ratio of 26.06 and a beta of 0.10. FTI Consulting, Inc. has a 1-year low of $171.81 and a 1-year high of $232.15.

FTI Consulting (NYSE:FCN) last posted its earnings results on Thursday, April 25th. The business services provider reported $2.23 earnings per share for the quarter, topping 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 company had revenue of $928.60 million during the quarter, compared to analyst estimates of $901.77 million. During the same period in the prior year, the business posted $1.34 earnings per share. FTI Consulting’s revenue for the quarter was up 15.1% on a year-over-year basis. Sell-side analysts expect that FTI Consulting, Inc. will post 8.22 EPS for the current year.

Insider Activity at FTI Consulting

In other news, Director Brenda J. Bacon purchased 1,120 shares of FTI Consulting stock in a transaction that occurred on Friday, February 23rd. The stock was bought at an average price of $222.96 per share, with a total value of $249,715.20. Following the completion of the transaction, the director now directly owns 15,292 shares of the company’s stock, valued at $3,409,504.32. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Holly Paul sold 881 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $224.00, for a total transaction of $197,344.00. Following the completion of the sale, the insider now owns 22,855 shares of the company’s stock, valued at $5,119,520. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brenda J. Bacon purchased 1,120 shares of FTI Consulting stock in a transaction that occurred on 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 transaction, the director now directly owns 15,292 shares of the company’s stock, valued at $3,409,504.32. The disclosure for this purchase can be found here. Insiders sold 87,207 shares of company stock valued at $18,646,717 over the last 90 days. Corporate insiders own 2.51% of the company’s stock.

Analysts Set New Price Targets

FCN has been the subject of several analyst reports. StockNews.com lowered shares of FTI Consulting from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. William Blair restated an “outperform” rating on shares of FTI Consulting in a research report on Friday, April 26th. Finally, Truist Financial upped 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.

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.