8,800 Shares in FTI Consulting, Inc. (NYSE:FCN) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,800 shares of the business services provider's stock, valued at approximately $1,682,000.

A number of other institutional investors have also recently added to or reduced their stakes in FCN. State Street Corp boosted its holdings in shares of FTI Consulting by 2.7% during the third quarter. State Street Corp now owns 1,061,341 shares of the business services provider's stock valued at $241,519,000 after acquiring an additional 28,105 shares during the period. Geode Capital Management LLC lifted its position in FTI Consulting by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 685,762 shares of the business services provider's stock valued at $157,528,000 after purchasing an additional 16,171 shares during the last quarter. Pacer Advisors Inc. boosted its stake in FTI Consulting by 9,995.1% during the 4th quarter. Pacer Advisors Inc. now owns 518,687 shares of the business services provider's stock valued at $99,137,000 after purchasing an additional 513,549 shares during the period. Charles Schwab Investment Management Inc. grew its position 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 worth $83,869,000 after purchasing an additional 8,032 shares during the last quarter. Finally, Van Berkom & Associates Inc. increased its stake in shares of FTI Consulting by 10.7% in the fourth quarter. Van Berkom & Associates Inc. now owns 390,327 shares of the business services provider's stock valued at $74,603,000 after purchasing an additional 37,884 shares during the period. 99.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on FCN shares. The Goldman Sachs Group decreased 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 report on Friday, February 21st. StockNews.com upgraded shares of FTI Consulting from a "hold" rating to a "buy" rating in a report on Thursday, March 20th. Finally, Truist Financial cut 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 report on Wednesday.

FTI Consulting Trading Down 1.6 %

NYSE:FCN traded down $2.67 during mid-day trading on Wednesday, reaching $161.45. 549,522 shares of the stock were exchanged, compared to its average volume of 211,559. The business has a fifty day moving average price of $175.74 and a 200 day moving average price of $195.43. FTI Consulting, Inc. has a 1-year low of $157.52 and a 1-year high of $243.60. The firm has a market capitalization of $5.80 billion, a PE ratio of 20.70 and a beta of 0.14.

FTI Consulting (NYSE:FCN - Get Free Report) last announced its quarterly earnings data 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). 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 analyst estimates of $913.70 million. On average, sell-side analysts forecast that FTI Consulting, Inc. will post 8.55 earnings per share 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.