FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Axiom Investors LLC DE

Axiom Investors LLC DE lowered its holdings in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 50.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,214 shares of the business services provider's stock after selling 32,579 shares during the period. Axiom Investors LLC DE owned 0.09% of FTI Consulting worth $6,157,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of FCN. O Shaughnessy Asset Management LLC purchased a new position in shares of FTI Consulting during the fourth quarter worth about $241,000. Mawer Investment Management Ltd. lifted its position in FTI Consulting by 3.8% during 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 acquiring an additional 149,276 shares during the period. California Public Employees Retirement System grew its stake in shares of FTI Consulting by 3.4% in the 4th quarter. California Public Employees Retirement System now owns 146,858 shares of the business services provider's stock valued at $28,069,000 after purchasing an additional 4,853 shares during the last quarter. Orion Portfolio Solutions LLC increased its holdings in shares of FTI Consulting by 1.7% in the fourth quarter. Orion Portfolio Solutions LLC now owns 10,338 shares of the business services provider's stock valued at $1,976,000 after purchasing an additional 168 shares during the period. Finally, Pictet Asset Management Holding SA raised its stake in shares of FTI Consulting by 11.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,869 shares of the business services provider's stock worth $931,000 after purchasing an additional 498 shares during the last quarter. 99.36% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

FTI Consulting Stock Down 1.6 %

Shares of FCN traded down $2.67 on Wednesday, reaching $161.45. The stock had a trading volume of 549,522 shares, compared to its average volume of 211,370. FTI Consulting, Inc. has a twelve month low of $157.67 and a twelve month high of $243.60. The firm has a market capitalization of $5.80 billion, a PE ratio of 20.70 and a beta of 0.14. The firm has a 50-day moving average of $176.37 and a 200 day moving average of $195.67.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FCN. Truist Financial lowered shares of FTI Consulting from a "buy" rating to a "hold" rating and dropped their price target for the stock from $225.00 to $178.00 in a research note on Wednesday. StockNews.com upgraded FTI Consulting from a "hold" rating to a "buy" rating in a research report on Thursday, March 20th. Finally, The Goldman Sachs Group decreased their target price on shares of FTI Consulting from $194.00 to $173.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st.

FTI Consulting Company 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.