California Public Employees Retirement System Has $28.07 Million Stake in FTI Consulting, Inc. (NYSE:FCN)

California Public Employees Retirement System increased its holdings in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 3.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 146,858 shares of the business services provider's stock after purchasing an additional 4,853 shares during the quarter. California Public Employees Retirement System owned 0.41% of FTI Consulting worth $28,069,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in FTI Consulting by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 3,564,322 shares of the business services provider's stock valued at $681,249,000 after buying an additional 23,419 shares during the last quarter. State Street Corp increased its stake in FTI Consulting by 2.7% in 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 during the last quarter. Geode Capital Management LLC lifted its position in 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 in the last quarter. Pacer Advisors Inc. lifted its position in FTI Consulting by 9,995.1% during the 4th quarter. Pacer Advisors Inc. now owns 518,687 shares of the business services provider's stock worth $99,137,000 after buying an additional 513,549 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake 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 worth $83,869,000 after buying an additional 8,032 shares during the last quarter. Institutional investors own 99.36% of the company's stock.

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FTI Consulting Trading Down 1.0 %

Shares of FCN traded down $1.60 during mid-day trading on Monday, reaching $156.35. The company's stock had a trading volume of 262,260 shares, compared to its average volume of 215,234. The stock has a market cap of $5.62 billion, a P/E ratio of 20.03 and a beta of 0.21. FTI Consulting, Inc. has a 1-year low of $154.50 and a 1-year high of $243.60. The business has a 50-day simple moving average of $174.48 and a two-hundred day simple moving average of $194.34.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its earnings results 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). 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 for the quarter, compared to analyst estimates of $913.70 million. Research analysts anticipate that FTI Consulting, Inc. will post 8.55 EPS for the current year.

Wall Street Analysts Forecast Growth

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

FTI Consulting Company 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.