American Century Companies Inc. Sells 158,892 Shares of FTI Consulting, Inc. (NYSE:FCN)

American Century Companies Inc. lessened its holdings in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 68.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,729 shares of the business services provider's stock after selling 158,892 shares during the quarter. American Century Companies Inc. owned approximately 0.21% of FTI Consulting worth $14,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. CIBC Asset Management Inc increased its holdings in FTI Consulting by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 1,083 shares of the business services provider's stock worth $207,000 after acquiring an additional 55 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in FTI Consulting by 2.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 3,435 shares of the business services provider's stock worth $657,000 after buying an additional 85 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in FTI Consulting by 3.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 2,389 shares of the business services provider's stock worth $457,000 after buying an additional 89 shares in the last quarter. UMB Bank n.a. raised its holdings in FTI Consulting by 59.6% during the fourth quarter. UMB Bank n.a. now owns 265 shares of the business services provider's stock valued at $51,000 after acquiring an additional 99 shares during the period. Finally, Axxcess Wealth Management LLC lifted its position in shares of FTI Consulting by 6.0% in the fourth quarter. Axxcess Wealth Management LLC now owns 1,820 shares of the business services provider's stock valued at $348,000 after acquiring an additional 103 shares in the last quarter. Institutional investors own 99.36% of the company's stock.

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Analyst Ratings Changes

FCN has been the subject of several recent analyst reports. StockNews.com downgraded FTI Consulting from a "buy" rating to a "hold" rating in a research note on Thursday. Truist Financial lowered 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. Finally, The Goldman Sachs Group cut 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 Stock Performance

NYSE:FCN traded down $3.34 during trading hours on Friday, reaching $158.09. The stock had a trading volume of 578,137 shares, compared to its average volume of 214,974. The stock has a market capitalization of $5.68 billion, a PE ratio of 20.27 and a beta of 0.21. FTI Consulting, Inc. has a 52 week low of $157.46 and a 52 week high of $243.60. The company has a 50 day moving average price of $174.48 and a two-hundred day moving average price of $194.34.

FTI Consulting (NYSE:FCN - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $1.56 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 business had revenue of $894.92 million during the quarter, compared to analysts' expectations of $913.70 million. Equities research analysts predict that FTI Consulting, Inc. will post 8.55 EPS for the current year.

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.