Allspring Global Investments Holdings LLC Grows Stock Holdings in FTI Consulting, Inc. (NYSE:FCN)

Allspring Global Investments Holdings LLC increased its holdings in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 1,215.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,945 shares of the business services provider's stock after purchasing an additional 45,224 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.14% of FTI Consulting worth $9,291,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Mawer Investment Management Ltd. lifted its stake in FTI Consulting by 3.2% during the third quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider's stock worth $891,201,000 after purchasing an additional 123,177 shares during the last quarter. Raymond James & Associates boosted its position in shares of FTI Consulting by 3.6% in the 3rd quarter. Raymond James & Associates now owns 143,305 shares of the business services provider's stock valued at $32,610,000 after purchasing an additional 5,044 shares during the period. Montanaro Asset Management Ltd boosted its position in shares of FTI Consulting by 11.1% in the 3rd quarter. Montanaro Asset Management Ltd now owns 30,000 shares of the business services provider's stock valued at $6,827,000 after purchasing an additional 3,000 shares during the period. Dakota Wealth Management boosted its position in shares of FTI Consulting by 570.2% in the 4th quarter. Dakota Wealth Management now owns 6,521 shares of the business services provider's stock valued at $1,246,000 after purchasing an additional 5,548 shares during the period. Finally, Financial Enhancement Group LLC boosted its position in shares of FTI Consulting by 92.0% in the 4th quarter. Financial Enhancement Group LLC now owns 46,569 shares of the business services provider's stock valued at $9,079,000 after purchasing an additional 22,310 shares during the period. Hedge funds and other institutional investors own 99.36% of the company's stock.

FTI Consulting Stock Up 0.9 %

FCN traded up $1.52 on Friday, hitting $164.51. 797,670 shares of the company traded hands, compared to its average volume of 239,626. The company has a 50 day moving average of $192.68 and a 200-day moving average of $207.13. The stock has a market capitalization of $5.91 billion, a PE ratio of 18.91 and a beta of 0.15. FTI Consulting, Inc. has a 12-month low of $161.24 and a 12-month high of $243.60.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $1.56 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.17). The company had revenue of $894.92 million for the quarter, compared to analysts' expectations of $913.70 million. FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. On average, research analysts anticipate that FTI Consulting, Inc. will post 8.1 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Truist Financial decreased their target price on FTI Consulting from $275.00 to $225.00 and set a "buy" rating for the company in a research report on Friday. StockNews.com raised FTI Consulting from a "hold" rating to a "buy" rating in a research report on Saturday, November 2nd. Finally, The Goldman Sachs Group decreased their target price on FTI Consulting from $194.00 to $173.00 and set a "neutral" rating for the company in a research report on Friday.

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.