Boston Partners Acquires 1,736 Shares of FTI Consulting, Inc. (NYSE:FCN)

Boston Partners grew its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 135,392 shares of the business services provider's stock after buying an additional 1,736 shares during the quarter. Boston Partners owned approximately 0.38% of FTI Consulting worth $25,917,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Kennondale Capital Management LLC acquired a new stake in shares of FTI Consulting during the 4th quarter valued at $838,000. Axxcess Wealth Management LLC boosted its stake in shares of FTI Consulting by 6.0% during 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 in the last quarter. Corient Private Wealth LLC grew its holdings in shares of FTI Consulting by 41.3% during the fourth quarter. Corient Private Wealth LLC now owns 4,395 shares of the business services provider's stock worth $840,000 after purchasing an additional 1,284 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of FTI Consulting by 4.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,159 shares of the business services provider's stock valued at $604,000 after buying an additional 131 shares during the period. Finally, Impact Capital Partners LLC bought a new position in FTI Consulting in the 4th quarter valued at approximately $970,000. Institutional investors own 99.36% of the company's stock.

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FTI Consulting Trading Up 0.1 %

NYSE:FCN traded up $0.16 on Monday, reaching $160.70. 452,376 shares of the stock traded hands, compared to its average volume of 200,726. FTI Consulting, Inc. has a 1-year low of $157.43 and a 1-year high of $243.60. The company's 50 day moving average is $180.70 and its 200-day moving average is $198.49. The firm has a market capitalization of $5.77 billion, a price-to-earnings ratio of 20.60 and a beta of 0.14.

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on FCN. StockNews.com raised shares of FTI Consulting from a "hold" rating to a "buy" rating in a report on Thursday. Truist Financial reduced their price objective on shares of FTI Consulting from $275.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Finally, The Goldman Sachs Group lowered 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, February 21st.

About FTI Consulting

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.