Kayne Anderson Rudnick Investment Management LLC Reduces Stock Holdings in FTI Consulting, Inc. (NYSE:FCN)

Kayne Anderson Rudnick Investment Management LLC reduced its position in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,386,286 shares of the business services provider's stock after selling 60,933 shares during the quarter. FTI Consulting makes up about 1.5% of Kayne Anderson Rudnick Investment Management LLC's portfolio, making the stock its 14th largest position. Kayne Anderson Rudnick Investment Management LLC owned 9.42% of FTI Consulting worth $647,221,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of FCN. Wilmington Savings Fund Society FSB acquired a new position in FTI Consulting during the 3rd quarter worth approximately $35,000. GeoWealth Management LLC raised its position in shares of FTI Consulting by 46.0% during the fourth quarter. GeoWealth Management LLC now owns 181 shares of the business services provider's stock worth $35,000 after purchasing an additional 57 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of FTI Consulting by 394.0% in the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider's stock worth $47,000 after purchasing an additional 197 shares in the last quarter. UMB Bank n.a. grew its position in FTI Consulting by 59.6% in the 4th quarter. UMB Bank n.a. now owns 265 shares of the business services provider's stock valued at $51,000 after purchasing an additional 99 shares during the period. Finally, Versant Capital Management Inc increased its stake in FTI Consulting by 51.4% during the 4th quarter. Versant Capital Management Inc now owns 471 shares of the business services provider's stock valued at $90,000 after purchasing an additional 160 shares in the last quarter. 99.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FCN. StockNews.com lowered shares of FTI Consulting from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Truist Financial downgraded FTI Consulting from a "buy" rating to a "hold" rating and cut their price target for the company from $225.00 to $178.00 in a research note on Wednesday, April 2nd. Finally, The Goldman Sachs Group lowered their price objective on 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 Price Performance

Shares of NYSE FCN traded down $6.55 during trading on Thursday, hitting $161.96. The stock had a trading volume of 981,518 shares, compared to its average volume of 233,464. The firm has a fifty day moving average of $164.98 and a two-hundred day moving average of $188.37. The company has a market capitalization of $5.82 billion, a PE ratio of 20.76 and a beta of 0.21. FTI Consulting, Inc. has a 12 month low of $151.75 and a 12 month high of $243.60.

FTI Consulting (NYSE:FCN - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.79 by $0.50. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. On average, equities analysts expect that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal 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.