FTI Consulting, Inc. (NYSE:FCN) Stake Boosted by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 17.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,223 shares of the business services provider's stock after purchasing an additional 19,800 shares during the period. Handelsbanken Fonder AB owned approximately 0.37% of FTI Consulting worth $25,654,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Creative Planning raised its holdings in shares of FTI Consulting by 10.5% during the 3rd quarter. Creative Planning now owns 6,264 shares of the business services provider's stock valued at $1,425,000 after buying an additional 597 shares during the period. Blue Trust Inc. grew its position in FTI Consulting by 88.8% in the third quarter. Blue Trust Inc. now owns 1,578 shares of the business services provider's stock valued at $340,000 after acquiring an additional 742 shares in the last quarter. Raymond James & Associates raised its stake in shares of FTI Consulting by 3.6% during the third quarter. Raymond James & Associates now owns 143,305 shares of the business services provider's stock valued at $32,610,000 after purchasing an additional 5,044 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of FTI Consulting by 3.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,721 shares of the business services provider's stock valued at $847,000 after purchasing an additional 129 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in shares of FTI Consulting by 629.5% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 642 shares of the business services provider's stock worth $146,000 after purchasing an additional 554 shares in the last quarter. 99.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FCN. StockNews.com raised shares of FTI Consulting from a "hold" rating to a "buy" rating in a report on Saturday, November 2nd. The Goldman Sachs Group lowered their target price on FTI Consulting from $194.00 to $173.00 and set a "neutral" rating for the company in a research note on Friday. Finally, Truist Financial dropped their target price on FTI Consulting from $275.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday.

FTI Consulting Stock Up 0.9 %

Shares of FTI Consulting stock traded up $1.52 on Friday, hitting $164.51. 797,670 shares of the company's stock traded hands, compared to its average volume of 239,626. The firm's 50-day moving average is $192.00 and its 200 day moving average is $206.78. The stock has a market cap of $5.91 billion, a P/E ratio of 18.91 and a beta of 0.15. 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 posted 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). The company had revenue of $894.92 million for the quarter, compared to the consensus estimate of $913.70 million. FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. Equities research analysts forecast that FTI Consulting, Inc. will post 8.1 EPS for the current 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.