Congress Asset Management Co. Sells 5,982 Shares of FTI Consulting, Inc. (NYSE:FCN)

Congress Asset Management Co. decreased its position in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 2.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 205,388 shares of the business services provider's stock after selling 5,982 shares during the quarter. Congress Asset Management Co. owned approximately 0.57% of FTI Consulting worth $39,256,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FCN. Prospera Private Wealth LLC bought a new stake in FTI Consulting during the 3rd quarter valued at $34,000. Wilmington Savings Fund Society FSB purchased a new position in shares of FTI Consulting in the third quarter valued at $35,000. Quarry LP raised its stake in shares of FTI Consulting by 337.8% during the 3rd quarter. Quarry LP now owns 162 shares of the business services provider's stock valued at $37,000 after purchasing an additional 125 shares during the period. True Wealth Design LLC purchased a new stake in FTI Consulting during the 3rd quarter worth about $38,000. Finally, UMB Bank n.a. boosted its stake in FTI Consulting by 59.6% in the 4th quarter. UMB Bank n.a. now owns 265 shares of the business services provider's stock worth $51,000 after purchasing an additional 99 shares during the period. Hedge funds and other institutional investors own 99.36% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded FTI Consulting from a "hold" rating to a "buy" rating in a research report on Saturday, November 2nd.

FTI Consulting Price Performance

NYSE:FCN traded down $27.44 during trading hours on Thursday, hitting $162.72. The stock had a trading volume of 843,233 shares, compared to its average volume of 222,710. The company has a 50 day simple moving average of $193.42 and a two-hundred day simple moving average of $207.44. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 18.70 and a beta of 0.15. FTI Consulting, Inc. has a one year low of $161.57 and a one year 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.17). FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. Equities research analysts anticipate that FTI Consulting, Inc. will post 8.1 earnings per share for the current year.

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.