FTI Consulting, Inc. (NYSE:FCN) Stake Cut by Bangor Savings Bank

Bangor Savings Bank lowered its holdings in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 97.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185 shares of the business services provider's stock after selling 6,505 shares during the period. Bangor Savings Bank's holdings in FTI Consulting were worth $35,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. CIBC Asset Management Inc acquired a new position in shares of FTI Consulting during the second quarter valued at approximately $214,000. Arizona State Retirement System increased its position in shares of FTI Consulting by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 9,977 shares of the business services provider's stock valued at $2,150,000 after purchasing an additional 218 shares during the period. Quest Partners LLC raised its stake in shares of FTI Consulting by 1,896.7% in the 2nd quarter. Quest Partners LLC now owns 1,218 shares of the business services provider's stock worth $263,000 after buying an additional 1,157 shares in the last quarter. Choreo LLC bought a new position in FTI Consulting during the second quarter valued at about $226,000. Finally, Pier Capital LLC grew its holdings in FTI Consulting by 49.0% during the second quarter. Pier Capital LLC now owns 40,420 shares of the business services provider's stock worth $8,712,000 after acquiring an additional 13,294 shares during the period. Institutional investors and hedge funds own 99.36% of the company's stock.

FTI Consulting Trading Up 0.3 %

Shares of FTI Consulting stock traded up $0.52 on Wednesday, reaching $194.01. 148,915 shares of the company were exchanged, compared to its average volume of 161,823. FTI Consulting, Inc. has a fifty-two week low of $185.93 and a fifty-two week high of $243.60. The firm has a market capitalization of $6.97 billion, a price-to-earnings ratio of 22.30 and a beta of 0.14. The stock has a fifty day moving average price of $198.04 and a 200-day moving average price of $213.31.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $1.85 EPS for the quarter, missing analysts' consensus estimates of $2.06 by ($0.21). The firm had revenue of $926.00 million for the quarter, compared to analysts' expectations of $946.16 million. FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. FTI Consulting's quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.34 earnings per share. On average, equities analysts anticipate that FTI Consulting, Inc. will post 8.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. StockNews.com raised shares of FTI Consulting from a "hold" rating to a "buy" rating in a report on Saturday, November 2nd. Truist Financial raised their target price on shares of FTI Consulting from $255.00 to $275.00 and gave the stock a "buy" rating in a report on Wednesday, September 25th.

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.