Mutual of America Capital Management LLC Sells 198 Shares of FTI Consulting, Inc. (NYSE:FCN)

Mutual of America Capital Management LLC cut its stake in FTI Consulting, Inc. (NYSE:FCN) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,931 shares of the business services provider’s stock after selling 198 shares during the quarter. Mutual of America Capital Management LLC owned about 0.06% of FTI Consulting worth $4,368,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Arlington Trust Co LLC purchased a new stake in FTI Consulting in the third quarter worth $28,000. Ancora Advisors LLC purchased a new stake in FTI Consulting in the first quarter worth $32,000. Tompkins Financial Corp purchased a new stake in FTI Consulting in the fourth quarter worth $40,000. Ronald Blue Trust Inc. increased its stake in FTI Consulting by 533.3% in the third quarter. Ronald Blue Trust Inc. now owns 209 shares of the business services provider’s stock worth $40,000 after purchasing an additional 176 shares during the period. Finally, Fifth Third Bancorp increased its stake in FTI Consulting by 37.1% in the third quarter. Fifth Third Bancorp now owns 218 shares of the business services provider’s stock worth $39,000 after purchasing an additional 59 shares during the period. 99.36% of the stock is currently owned by institutional investors.

FTI Consulting Trading Down 0.4 %

Shares of FTI Consulting stock opened at $205.06 on Tuesday. The firm has a market cap of $7.29 billion, a P/E ratio of 26.60 and a beta of 0.11. FTI Consulting, Inc. has a 12 month low of $167.39 and a 12 month high of $232.15. The stock’s fifty day moving average price is $204.26 and its 200-day moving average price is $204.03.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings results on Thursday, February 22nd. The business services provider reported $2.28 EPS for the quarter, beating the consensus estimate of $1.57 by $0.71. The firm had revenue of $924.68 million for the quarter, compared to analyst estimates of $840.40 million. FTI Consulting had a return on equity of 14.94% and a net margin of 7.88%. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.52 earnings per share. Analysts forecast that FTI Consulting, Inc. will post 8.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on FCN shares. StockNews.com upgraded FTI Consulting from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. Truist Financial increased their target price on FTI Consulting from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd.

Insider Activity

In related news, Director Brenda J. Bacon acquired 1,120 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were 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 in the company, valued at $3,409,504.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Brenda J. Bacon acquired 1,120 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were 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 in the company, valued at $3,409,504.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Curtis P. Lu sold 2,656 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $217.08, for a total value of $576,564.48. Following the sale, the general counsel now directly owns 29,190 shares in the company, valued at approximately $6,336,565.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,715 shares of company stock worth $7,617,513. Company insiders own 3.34% of the company’s stock.

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.