Victory Capital Management Inc. Has $396.31 Million Stock Position in FTI Consulting, Inc. (NYSE:FCN)

Victory Capital Management Inc. grew its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 9.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,989,993 shares of the business services provider’s stock after buying an additional 168,100 shares during the quarter. Victory Capital Management Inc. owned approximately 0.06% of FTI Consulting worth $396,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Arlington Trust Co LLC acquired a new position in FTI Consulting during the 3rd quarter worth approximately $28,000. Tompkins Financial Corp bought a new position in FTI Consulting during the 4th quarter worth approximately $40,000. Fifth Third Bancorp boosted its position in FTI Consulting by 37.1% during the third 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. boosted its holdings 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 buying an additional 63 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new stake in FTI Consulting in the fourth quarter worth $57,000. Institutional investors and hedge funds own 99.36% of the company’s stock.

Insider Activity at FTI Consulting

In other 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 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 in the company, valued at approximately $3,409,504.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, General Counsel Curtis P. Lu sold 2,656 shares of the stock in a transaction that occurred 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 transaction, the general counsel now directly owns 29,190 shares in the company, valued at approximately $6,336,565.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brenda J. Bacon acquired 1,120 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was acquired at an average cost of $222.96 per share, with a total value of $249,715.20. Following the completion of the purchase, 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 36,715 shares of company stock valued at $7,617,513 over the last 90 days. Corporate insiders own 2.51% of the company’s stock.

FTI Consulting Trading Down 0.4 %

Shares of NYSE:FCN traded down $0.86 on Wednesday, reaching $212.97. 100,020 shares of the company traded hands, compared to its average volume of 206,102. The business’s 50-day simple moving average is $208.48 and its 200 day simple moving average is $205.99. The company has a current ratio of 2.46, a quick 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 stock has a market capitalization of $7.60 billion, a P/E ratio of 24.86 and a beta of 0.11.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $2.23 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $901.77 million. During the same period in the prior year, the business earned $1.34 EPS. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. As a group, equities analysts anticipate that FTI Consulting, Inc. will post 8.22 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on FCN shares. William Blair restated an “outperform” rating on shares of FTI Consulting in a report on Friday, April 26th. Truist Financial increased their price objective on FTI Consulting from $240.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Finally, StockNews.com lowered shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Friday, April 26th.

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.