FTI Consulting, Inc. (NYSE:FCN) Position Decreased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp trimmed its position in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 11.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 88,559 shares of the business services provider's stock after selling 11,818 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.25% of FTI Consulting worth $16,926,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in FCN. Wilmington Savings Fund Society FSB bought a new position in FTI Consulting in the third quarter worth about $35,000. Quarry LP boosted its position in 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 bought a new position in FTI Consulting during the 3rd quarter worth $38,000. Jones Financial Companies Lllp increased its position in FTI Consulting by 394.0% in the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider's stock worth $47,000 after buying an additional 197 shares during the period. Finally, UMB Bank n.a. lifted its stake in FTI Consulting by 59.6% in the fourth quarter. UMB Bank n.a. now owns 265 shares of the business services provider's stock valued at $51,000 after buying an additional 99 shares during the last quarter. 99.36% of the stock is owned by institutional investors and hedge funds.

FTI Consulting Stock Down 1.6 %

FTI Consulting stock traded down $2.68 during trading hours on Wednesday, hitting $161.44. 125,606 shares of the company traded hands, compared to its average volume of 209,856. The firm's 50-day simple moving average is $176.37 and its two-hundred day simple moving average is $195.67. The firm has a market cap of $5.80 billion, a P/E ratio of 20.72 and a beta of 0.14. FTI Consulting, Inc. has a 1-year low of $157.67 and a 1-year high of $243.60.

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FTI Consulting (NYSE:FCN - Get Free Report) last announced its earnings results on Thursday, February 20th. The business services provider reported $1.56 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.17). The firm 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, equities research analysts predict that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FCN has been the topic of a number of analyst reports. StockNews.com raised shares of FTI Consulting from a "hold" rating to a "buy" rating in a report on Thursday, March 20th. Truist Financial downgraded FTI Consulting from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $225.00 to $178.00 in a research report on Wednesday. Finally, The Goldman Sachs Group lowered their target price on FTI Consulting from $194.00 to $173.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st.

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.