Franklin Resources Inc. Buys 1,700 Shares of FTI Consulting, Inc. (NYSE:FCN)

Franklin Resources Inc. raised its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 70.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,107 shares of the business services provider's stock after purchasing an additional 1,700 shares during the period. Franklin Resources Inc.'s holdings in FTI Consulting were worth $785,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in shares of FTI Consulting by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 438,808 shares of the business services provider's stock valued at $83,869,000 after purchasing an additional 8,032 shares during the last quarter. Isthmus Partners LLC purchased a new position in FTI Consulting in the fourth quarter valued at about $447,000. Ieq Capital LLC raised its stake in FTI Consulting by 214.4% in the 4th quarter. Ieq Capital LLC now owns 6,074 shares of the business services provider's stock valued at $1,161,000 after acquiring an additional 4,142 shares during the period. California Public Employees Retirement System raised its holdings in FTI Consulting by 3.4% during the 4th quarter. California Public Employees Retirement System now owns 146,858 shares of the business services provider's stock valued at $28,069,000 after acquiring an additional 4,853 shares during the period. Finally, Dakota Wealth Management raised its position in shares of FTI Consulting by 570.2% in the fourth quarter. Dakota Wealth Management now owns 6,521 shares of the business services provider's stock worth $1,246,000 after buying an additional 5,548 shares in the last quarter. 99.36% of the stock is owned by hedge funds and other institutional investors.

FTI Consulting Stock Performance

Shares of NYSE:FCN traded up $0.79 during trading on Tuesday, reaching $165.80. 20,865 shares of the stock traded hands, compared to its average volume of 338,243. The stock has a 50-day moving average of $165.84 and a two-hundred day moving average of $188.65. FTI Consulting, Inc. has a 52-week low of $151.75 and a 52-week high of $243.60. The stock has a market cap of $5.96 billion, a P/E ratio of 21.26 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 (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.17). FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. The company had revenue of $894.92 million during the quarter, compared to analysts' expectations of $913.70 million. Sell-side analysts expect that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the stock. 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. StockNews.com cut FTI Consulting from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Finally, Truist Financial cut shares of FTI Consulting from a "buy" rating to a "hold" rating and cut their price target for the company from $225.00 to $178.00 in a report on Wednesday, April 2nd.

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.