FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Vestcor Inc

Vestcor Inc trimmed its position in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 35.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,424 shares of the business services provider's stock after selling 3,585 shares during the period. Vestcor Inc's holdings in FTI Consulting were worth $1,228,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its holdings in FTI Consulting by 1.9% in 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 buying an additional 8,032 shares during the period. Isthmus Partners LLC acquired a new position in shares of FTI Consulting in the 4th quarter valued at approximately $447,000. Ieq Capital LLC boosted its stake in shares of FTI Consulting by 214.4% during the 4th quarter. Ieq Capital LLC now owns 6,074 shares of the business services provider's stock valued at $1,161,000 after buying an additional 4,142 shares during the last quarter. Mawer Investment Management Ltd. boosted its stake in shares of FTI Consulting by 3.2% during the 3rd quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider's stock valued at $891,201,000 after buying an additional 123,177 shares during the last quarter. Finally, Dakota Wealth Management boosted its stake in shares of FTI Consulting by 570.2% during the 4th quarter. Dakota Wealth Management now owns 6,521 shares of the business services provider's stock valued at $1,246,000 after buying an additional 5,548 shares during the last quarter. Institutional investors and hedge funds own 99.36% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts recently issued reports on FCN shares. Truist Financial reduced their price objective on FTI Consulting from $275.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. The Goldman Sachs Group cut their target price on FTI Consulting from $194.00 to $173.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. Finally, StockNews.com cut FTI Consulting from a "buy" rating to a "hold" rating in a research note on Friday, February 21st.

FTI Consulting Price Performance

Shares of FCN traded down $1.43 during trading hours on Wednesday, reaching $165.17. 215,323 shares of the company's stock traded hands, compared to its average volume of 296,556. The firm has a market capitalization of $5.93 billion, a price-to-earnings ratio of 21.18 and a beta of 0.14. FTI Consulting, Inc. has a twelve month low of $158.92 and a twelve month high of $243.60. The business's fifty day simple moving average is $182.58 and its two-hundred day simple moving average is $199.81.

FTI Consulting (NYSE:FCN - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $894.92 million for the quarter, compared to analyst estimates of $913.70 million. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. On average, equities research analysts expect 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.