79,840 Shares in FTI Consulting, Inc. (NYSE:FCN) Acquired by Norges Bank

Norges Bank acquired a new stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 79,840 shares of the business services provider's stock, valued at approximately $15,260,000. Norges Bank owned 0.22% of FTI Consulting as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in FTI Consulting during the third quarter valued at $35,000. Quarry LP boosted its stake in shares of FTI Consulting by 337.8% in the third quarter. Quarry LP now owns 162 shares of the business services provider's stock worth $37,000 after buying an additional 125 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of FTI Consulting by 394.0% during the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider's stock valued at $47,000 after purchasing an additional 197 shares in the last quarter. UMB Bank n.a. raised its holdings 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 worth $51,000 after purchasing an additional 99 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in FTI Consulting by 51.4% during the fourth 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 hedge funds and other institutional investors.

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FTI Consulting Price Performance

FCN traded up $3.94 during trading on Friday, reaching $164.46. 351,171 shares of the stock were exchanged, compared to its average volume of 224,185. The business's 50 day moving average price is $169.21 and its two-hundred day moving average price is $191.46. The company has a market capitalization of $5.91 billion, a price-to-earnings ratio of 21.08 and a beta of 0.21. FTI Consulting, Inc. has a 1 year low of $151.75 and a 1 year high of $243.60.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $1.56 earnings per share (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 7.57% and a return on equity of 13.15%. On average, analysts anticipate that FTI Consulting, Inc. will post 8.55 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. The Goldman Sachs Group reduced their price target on FTI Consulting from $194.00 to $173.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. StockNews.com cut FTI Consulting from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Finally, Truist Financial lowered FTI Consulting from a "buy" rating to a "hold" rating and cut their target price for the stock from $225.00 to $178.00 in a research report on Wednesday, April 2nd.

About FTI Consulting

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.