Teacher Retirement System of Texas Buys 4,051 Shares of FTI Consulting, Inc. (NYSE:FCN)

Teacher Retirement System of Texas grew its holdings in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 13.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 34,919 shares of the business services provider's stock after acquiring an additional 4,051 shares during the period. Teacher Retirement System of Texas owned about 0.10% of FTI Consulting worth $6,674,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Quest Partners LLC raised its position in shares of FTI Consulting by 54.8% during the third quarter. Quest Partners LLC now owns 1,885 shares of the business services provider's stock worth $429,000 after acquiring an additional 667 shares during the last quarter. Pathstone Holdings LLC lifted its stake in shares of FTI Consulting by 7.6% in the 3rd quarter. Pathstone Holdings LLC now owns 6,416 shares of the business services provider's stock valued at $1,460,000 after purchasing an additional 452 shares during the period. Caprock Group LLC grew its stake in FTI Consulting by 31.6% during the third quarter. Caprock Group LLC now owns 1,947 shares of the business services provider's stock worth $443,000 after purchasing an additional 467 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in FTI Consulting in the third quarter valued at approximately $932,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of FTI Consulting by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 430,776 shares of the business services provider's stock worth $98,027,000 after buying an additional 7,804 shares during the period. 99.36% of the stock is owned by institutional investors.

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FTI Consulting Stock Performance

FCN traded up $0.87 during mid-day trading on Thursday, reaching $163.23. 357,630 shares of the stock were exchanged, compared to its average volume of 201,937. The company has a 50 day moving average price of $178.69 and a two-hundred day moving average price of $197.42. The stock has a market capitalization of $5.86 billion, a PE ratio of 20.93 and a beta of 0.14. FTI Consulting, Inc. has a 1 year low of $158.88 and a 1 year high of $243.60.

FTI Consulting (NYSE:FCN - Get Free Report) last announced its earnings results on Thursday, February 20th. The business services provider reported $1.56 earnings per share for the quarter, missing analysts' consensus estimates of $1.73 by ($0.17). The business had revenue of $894.92 million during the quarter, compared to analysts' expectations of $913.70 million. FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. Sell-side analysts expect that FTI Consulting, Inc. will post 8.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on FCN. StockNews.com upgraded shares of FTI Consulting from a "hold" rating to a "buy" rating in a report on Thursday, March 20th. Truist Financial decreased their price objective on FTI Consulting from $275.00 to $225.00 and set a "buy" rating for the company in a report on Friday, February 21st. Finally, The Goldman Sachs Group decreased their price target on shares of FTI Consulting from $194.00 to $173.00 and set a "neutral" rating for the company in a research note on Friday, February 21st.

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.