Dynamic Technology Lab Private Ltd Acquires 3,730 Shares of FTI Consulting, Inc. (NYSE:FCN)

Dynamic Technology Lab Private Ltd grew its stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 350.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,795 shares of the business services provider's stock after purchasing an additional 3,730 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in FTI Consulting were worth $916,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of FCN. Mawer Investment Management Ltd. boosted its holdings 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 last quarter. Vanguard Group Inc. grew its stake in shares of FTI Consulting by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 3,564,322 shares of the business services provider's stock worth $681,249,000 after acquiring an additional 23,419 shares during the period. State Street Corp lifted its stake in shares of FTI Consulting by 2.7% during the 3rd quarter. State Street Corp now owns 1,061,341 shares of the business services provider's stock valued at $241,519,000 after buying an additional 28,105 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in FTI Consulting by 9.3% in the 4th quarter. Alliancebernstein L.P. now owns 740,858 shares of the business services provider's stock worth $141,600,000 after buying an additional 63,163 shares during the period. Finally, Geode Capital Management LLC grew its stake in FTI Consulting by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 685,762 shares of the business services provider's stock valued at $157,528,000 after buying an additional 16,171 shares in the last quarter. Institutional investors own 99.36% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on FCN shares. StockNews.com downgraded FTI Consulting from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Truist Financial downgraded shares of FTI Consulting from a "buy" rating to a "hold" rating and lowered their target price for the company from $225.00 to $178.00 in a research note on Wednesday, April 2nd. Finally, The Goldman Sachs Group cut their price objective on FTI Consulting from $194.00 to $173.00 and set a "neutral" rating for the company in a report on Friday, February 21st.

FTI Consulting Price Performance

NYSE FCN traded up $2.66 during trading on Friday, hitting $163.18. 100,759 shares of the company's stock traded hands, compared to its average volume of 222,686. The stock has a fifty day moving average of $169.79 and a two-hundred day moving average of $191.90. FTI Consulting, Inc. has a 12-month low of $151.75 and a 12-month high of $243.60. The firm has a market cap of $5.86 billion, a P/E ratio of 20.92 and a beta of 0.21.

FTI Consulting (NYSE:FCN - Get Free Report) last issued its earnings results 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). FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. The company had revenue of $894.92 million for the quarter, compared to analysts' expectations of $913.70 million. As a group, analysts expect that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

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.