FTI Consulting, Inc. (NYSE:FCN) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC increased its holdings in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 47.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,700 shares of the business services provider's stock after acquiring an additional 18,600 shares during the quarter. Renaissance Technologies LLC owned approximately 0.16% of FTI Consulting worth $11,028,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its stake in shares of FTI Consulting by 9,995.1% during the fourth quarter. Pacer Advisors Inc. now owns 518,687 shares of the business services provider's stock worth $99,137,000 after buying an additional 513,549 shares during the period. Mawer Investment Management Ltd. grew its stake in shares of FTI Consulting by 3.8% in the 4th quarter. Mawer Investment Management Ltd. now owns 4,065,609 shares of the business services provider's stock valued at $777,060,000 after purchasing an additional 149,276 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of FTI Consulting during the fourth quarter worth approximately $27,726,000. Norges Bank purchased a new position in FTI Consulting in the 4th quarter valued at $15,260,000. Finally, Alliancebernstein L.P. increased its stake in FTI Consulting by 9.3% in the 4th quarter. Alliancebernstein L.P. now owns 740,858 shares of the business services provider's stock valued at $141,600,000 after buying an additional 63,163 shares during the period. Institutional investors and hedge funds own 99.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FCN. 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 note on Wednesday, April 2nd. The Goldman Sachs Group cut their target price 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. Finally, StockNews.com cut FTI Consulting from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd.

FTI Consulting Stock Up 1.5 %

Shares of NYSE FCN traded up $2.55 during midday trading on Tuesday, hitting $167.56. The company had a trading volume of 370,829 shares, compared to its average volume of 228,366. The firm has a market capitalization of $6.02 billion, a price-to-earnings ratio of 21.48 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 business has a 50-day simple moving average of $165.36 and a two-hundred day simple moving average of $188.50.

FTI Consulting (NYSE:FCN - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $1.56 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 firm had revenue of $894.92 million for the quarter, compared to analysts' expectations of $913.70 million. On average, equities analysts forecast 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.