Envestnet Asset Management Inc. Boosts Stock Holdings in FTI Consulting, Inc. (NYSE:FCN)

Envestnet Asset Management Inc. boosted its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 17.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 72,956 shares of the business services provider's stock after buying an additional 10,721 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.20% of FTI Consulting worth $13,944,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB purchased a new stake in FTI Consulting during the third quarter valued at about $35,000. Jones Financial Companies Lllp lifted its position in shares of FTI Consulting by 394.0% during the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider's stock worth $47,000 after acquiring an additional 197 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of FTI Consulting by 59.6% in the fourth quarter. UMB Bank n.a. now owns 265 shares of the business services provider's stock worth $51,000 after acquiring an additional 99 shares during the period. Versant Capital Management Inc grew its position in shares of FTI Consulting by 51.4% in the fourth quarter. Versant Capital Management Inc now owns 471 shares of the business services provider's stock valued at $90,000 after purchasing an additional 160 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its stake in shares of FTI Consulting by 127.5% during the 4th quarter. Venturi Wealth Management LLC now owns 762 shares of the business services provider's stock valued at $146,000 after purchasing an additional 427 shares during the period. Hedge funds and other institutional investors own 99.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FCN. StockNews.com lowered FTI Consulting from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. The Goldman Sachs Group decreased their target price on shares of FTI Consulting from $194.00 to $173.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. Finally, Truist Financial downgraded 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.

FTI Consulting Stock Up 1.5 %

Shares of FCN stock traded up $2.55 during trading on Tuesday, hitting $167.56. The company had a trading volume of 370,829 shares, compared to its average volume of 228,366. FTI Consulting, Inc. has a 52 week low of $151.75 and a 52 week high of $243.60. The stock has a market capitalization of $6.02 billion, a price-to-earnings ratio of 21.48 and a beta of 0.21. The stock's 50-day moving average is $165.36 and its two-hundred day moving average is $188.50.

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 analysts' consensus estimates of $1.73 by ($0.17). The company had revenue of $894.92 million for the quarter, compared to the consensus estimate of $913.70 million. FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. On average, research analysts predict that FTI Consulting, Inc. will post 8.55 EPS 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.