Alliancebernstein L.P. Buys 63,163 Shares of FTI Consulting, Inc. (NYSE:FCN)

Alliancebernstein L.P. grew its stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 9.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 740,858 shares of the business services provider's stock after acquiring an additional 63,163 shares during the quarter. Alliancebernstein L.P. owned 2.06% of FTI Consulting worth $141,600,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. CIBC Asset Management Inc raised its position in shares of FTI Consulting by 5.4% during the fourth quarter. CIBC Asset Management Inc now owns 1,083 shares of the business services provider's stock worth $207,000 after purchasing an additional 55 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of FTI Consulting by 2.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,435 shares of the business services provider's stock valued at $657,000 after purchasing an additional 85 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of FTI Consulting by 3.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 2,389 shares of the business services provider's stock worth $457,000 after buying an additional 89 shares during the period. UMB Bank n.a. grew its holdings in shares of FTI Consulting by 59.6% during the fourth quarter. UMB Bank n.a. now owns 265 shares of the business services provider's stock worth $51,000 after buying an additional 99 shares in the last quarter. Finally, Axxcess Wealth Management LLC raised its holdings in shares of FTI Consulting by 6.0% in the fourth quarter. Axxcess Wealth Management LLC now owns 1,820 shares of the business services provider's stock valued at $348,000 after purchasing an additional 103 shares during the last quarter. Institutional investors own 99.36% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on FCN shares. The Goldman Sachs Group cut their price objective on FTI Consulting from $194.00 to $173.00 and set a "neutral" rating for the company in a report on Friday, February 21st. StockNews.com cut FTI Consulting from a "buy" rating to a "hold" rating in a research report on Thursday. Finally, Truist Financial downgraded FTI Consulting from a "buy" rating to a "hold" rating and cut their price target for the company from $225.00 to $178.00 in a report on Wednesday.

FTI Consulting Price Performance

NYSE FCN traded down $3.34 on Friday, reaching $158.09. The stock had a trading volume of 578,137 shares, compared to its average volume of 214,974. The company has a market cap of $5.68 billion, a P/E ratio of 20.27 and a beta of 0.21. The firm has a fifty day moving average of $174.48 and a two-hundred day moving average of $194.54. FTI Consulting, Inc. has a 1-year low of $157.46 and a 1-year high of $243.60.

FTI Consulting (NYSE:FCN - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.73 by ($0.17). FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. The company had revenue of $894.92 million for the quarter, compared to analyst estimates of $913.70 million. Research analysts predict that FTI Consulting, Inc. will post 8.55 EPS for the current fiscal year.

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.