FTI Consulting, Inc. (NYSE:FCN) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 4.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,269 shares of the business services provider's stock after selling 1,900 shares during the period. New York State Teachers Retirement System owned about 0.11% of FTI Consulting worth $7,888,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Prospera Private Wealth LLC purchased a new position in FTI Consulting during the 3rd quarter worth $34,000. Wilmington Savings Fund Society FSB bought a new position in shares of FTI Consulting during the 3rd quarter worth $35,000. Quarry LP grew its position in shares of FTI Consulting by 337.8% during the 3rd quarter. Quarry LP now owns 162 shares of the business services provider's stock worth $37,000 after buying an additional 125 shares in the last quarter. True Wealth Design LLC purchased a new position in shares of FTI Consulting during the third quarter valued at $38,000. Finally, UMB Bank n.a. raised its holdings in shares of FTI Consulting by 59.6% in the fourth quarter. UMB Bank n.a. now owns 265 shares of the business services provider's stock valued at $51,000 after acquiring an additional 99 shares in the last quarter. Institutional investors own 99.36% of the company's stock.

FTI Consulting Price Performance

Shares of FCN stock traded up $1.52 during mid-day trading on Friday, hitting $164.51. 797,670 shares of the stock traded hands, compared to its average volume of 239,626. FTI Consulting, Inc. has a 52-week low of $161.24 and a 52-week high of $243.60. The stock has a market cap of $5.91 billion, a P/E ratio of 18.91 and a beta of 0.15. The stock's fifty day moving average is $192.68 and its two-hundred day moving average is $207.13.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its 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 firm had revenue of $894.92 million for the quarter, compared to analysts' expectations of $913.70 million. FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. As a group, equities analysts forecast that FTI Consulting, Inc. will post 8.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.