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

Alliancebernstein L.P. increased its holdings in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 9.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 740,858 shares of the business services provider's stock after purchasing an additional 63,163 shares during the quarter. Alliancebernstein L.P. owned approximately 2.06% of FTI Consulting worth $141,600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of FCN. Mawer Investment Management Ltd. grew its position in shares of FTI Consulting by 3.8% in the 4th quarter. Mawer Investment Management Ltd. now owns 4,065,609 shares of the business services provider's stock worth $777,060,000 after buying an additional 149,276 shares during the last quarter. Vanguard Group Inc. lifted its stake in FTI Consulting by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 3,564,322 shares of the business services provider's stock worth $681,249,000 after acquiring an additional 23,419 shares during the period. State Street Corp lifted its stake in FTI Consulting by 2.7% in the third quarter. State Street Corp now owns 1,061,341 shares of the business services provider's stock worth $241,519,000 after acquiring an additional 28,105 shares during the period. Geode Capital Management LLC boosted its holdings in FTI Consulting by 2.4% in the third quarter. Geode Capital Management LLC now owns 685,762 shares of the business services provider's stock valued at $157,528,000 after acquiring an additional 16,171 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in FTI Consulting by 9,995.1% during the 4th quarter. Pacer Advisors Inc. now owns 518,687 shares of the business services provider's stock valued at $99,137,000 after purchasing an additional 513,549 shares during the period. Hedge funds and other institutional investors own 99.36% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Truist Financial cut shares of FTI Consulting from a "buy" rating to a "hold" rating and dropped their target price for the stock from $225.00 to $178.00 in a research report on Wednesday. StockNews.com upgraded shares of FTI Consulting from a "hold" rating to a "buy" rating in a report on Thursday, March 20th. Finally, The Goldman Sachs Group reduced their target price on FTI Consulting from $194.00 to $173.00 and set a "neutral" rating on the stock in a report on Friday, February 21st.

FTI Consulting Stock Up 0.0 %

Shares of NYSE:FCN traded up $0.08 during midday trading on Thursday, reaching $161.35. The company's stock had a trading volume of 455,753 shares, compared to its average volume of 212,720. FTI Consulting, Inc. has a 12-month low of $157.52 and a 12-month high of $243.60. The firm has a market capitalization of $5.80 billion, a P/E ratio of 20.69 and a beta of 0.14. The firm has a 50 day moving average of $175.14 and a 200-day moving average of $195.20.

FTI Consulting (NYSE:FCN - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $1.56 earnings per share 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 business had revenue of $894.92 million during the quarter, compared to analysts' expectations of $913.70 million. On average, research analysts predict that FTI Consulting, Inc. will post 8.55 EPS for the current 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.