Raymond James Financial Inc. Purchases Shares of 145,065 FTI Consulting, Inc. (NYSE:FCN)

Raymond James Financial Inc. purchased a new position in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 145,065 shares of the business services provider's stock, valued at approximately $27,726,000. Raymond James Financial Inc. owned 0.40% of FTI Consulting as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in shares of FTI Consulting by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 438,808 shares of the business services provider's stock worth $83,869,000 after acquiring an additional 8,032 shares during the last quarter. Isthmus Partners LLC bought a new position in shares of FTI Consulting in the fourth quarter valued at approximately $447,000. Ieq Capital LLC boosted its stake in FTI Consulting by 214.4% during the fourth quarter. Ieq Capital LLC now owns 6,074 shares of the business services provider's stock valued at $1,161,000 after buying an additional 4,142 shares in the last quarter. California Public Employees Retirement System boosted its holdings in FTI Consulting by 3.4% during the fourth quarter. California Public Employees Retirement System now owns 146,858 shares of the business services provider's stock worth $28,069,000 after buying an additional 4,853 shares in the last quarter. Finally, Dakota Wealth Management increased its stake in FTI Consulting by 570.2% in the 4th quarter. Dakota Wealth Management now owns 6,521 shares of the business services provider's stock worth $1,246,000 after purchasing an additional 5,548 shares in the last quarter. 99.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FCN has been the topic of a number of research reports. StockNews.com downgraded FTI Consulting from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. The Goldman Sachs Group dropped their target price on shares of FTI Consulting from $194.00 to $173.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Finally, Truist Financial lowered shares of FTI Consulting from a "buy" rating to a "hold" rating and dropped their price target for the stock from $225.00 to $178.00 in a research report on Wednesday, April 2nd.

FTI Consulting Price Performance

Shares of FTI Consulting stock traded up $2.72 on Tuesday, hitting $167.73. The company had a trading volume of 142,264 shares, compared to its average volume of 227,271. The firm has a market capitalization of $6.03 billion, a P/E ratio of 21.49 and a beta of 0.21. FTI Consulting, Inc. has a twelve month low of $151.75 and a twelve month high of $243.60. The stock has a 50-day moving average of $165.84 and a 200-day moving average of $188.65.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its quarterly earnings data 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). FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. The firm had revenue of $894.92 million for the quarter, compared to the consensus estimate of $913.70 million. Equities analysts predict that FTI Consulting, Inc. will post 8.55 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.