Victory Capital Management Inc. Reduces Stock Position in FTI Consulting, Inc. (NYSE:FCN)

Victory Capital Management Inc. lowered its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 27.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,396,258 shares of the business services provider's stock after selling 532,664 shares during the quarter. Victory Capital Management Inc. owned about 3.88% of FTI Consulting worth $266,867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Torray Investment Partners LLC purchased a new position in shares of FTI Consulting during the fourth quarter valued at about $1,125,000. Charles Schwab Investment Management Inc. increased its position in shares of FTI Consulting by 1.9% during the fourth 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. Jones Financial Companies Lllp increased 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 valued at $47,000 after buying an additional 197 shares during the period. Versor Investments LP purchased a new position in shares of FTI Consulting during the fourth quarter valued at about $688,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of FTI Consulting during the fourth quarter valued at about $2,192,000. Hedge funds and other institutional investors 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. StockNews.com cut shares of FTI Consulting from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Truist Financial dropped their price objective on shares of FTI Consulting from $275.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Finally, The Goldman Sachs Group dropped their price objective on shares of FTI Consulting from $194.00 to $173.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st.

FTI Consulting Stock Up 0.7 %

Shares of NYSE FCN traded up $1.12 during midday trading on Friday, hitting $169.87. The stock had a trading volume of 373,849 shares, compared to its average volume of 191,721. The business's 50 day moving average is $186.87 and its 200-day moving average is $203.46. The company has a market cap of $6.10 billion, a P/E ratio of 21.78 and a beta of 0.14. FTI Consulting, Inc. has a 52 week low of $161.24 and a 52 week high of $243.60.

FTI Consulting (NYSE:FCN - Get Free Report) last issued its earnings results on Thursday, February 20th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.17). The firm had revenue of $894.92 million during 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%. As a group, analysts expect 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.