Federated Hermes Inc. Purchases 12,471 Shares of FTI Consulting, Inc. (NYSE:FCN)

Federated Hermes Inc. increased its position in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 11.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 120,760 shares of the business services provider's stock after purchasing an additional 12,471 shares during the quarter. Federated Hermes Inc. owned approximately 0.34% of FTI Consulting worth $23,081,000 at the end of the most recent quarter.

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

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FTI Consulting Stock Performance

FTI Consulting stock traded up $0.44 on Monday, reaching $165.05. The company's stock had a trading volume of 72,305 shares, compared to its average volume of 223,991. The business's fifty day moving average price is $169.21 and its 200 day moving average price is $191.21. The company has a market cap of $5.93 billion, a price-to-earnings ratio of 21.16 and a beta of 0.21. FTI Consulting, Inc. has a twelve month low of $151.75 and a twelve month high of $243.60.

FTI Consulting (NYSE:FCN - Get Free Report) last issued its quarterly earnings results 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). The company 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%. As a group, equities analysts forecast that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FCN. StockNews.com cut FTI Consulting from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Truist Financial cut shares of FTI Consulting from a "buy" rating to a "hold" rating and dropped their target price for the stock from $225.00 to $178.00 in a research report on Wednesday, April 2nd. Finally, The Goldman Sachs Group reduced their price target 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.

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.