Torray Investment Partners LLC Takes $1.13 Million Position in FTI Consulting, Inc. (NYSE:FCN)

Torray Investment Partners LLC bought a new position in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,885 shares of the business services provider's stock, valued at approximately $1,125,000.

A number of other institutional investors also recently modified their holdings of FCN. Pacer Advisors Inc. raised its stake in FTI Consulting by 9,995.1% in the 4th quarter. Pacer Advisors Inc. now owns 518,687 shares of the business services provider's stock worth $99,137,000 after purchasing an additional 513,549 shares in the last quarter. Mawer Investment Management Ltd. increased its holdings in shares of FTI Consulting by 3.2% during the third quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider's stock worth $891,201,000 after purchasing an additional 123,177 shares during the period. CWA Asset Management Group LLC acquired a new stake in shares of FTI Consulting in the third quarter valued at approximately $23,351,000. Allspring Global Investments Holdings LLC boosted its stake in shares of FTI Consulting by 1,215.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 48,945 shares of the business services provider's stock valued at $9,291,000 after buying an additional 45,224 shares during the period. Finally, FMR LLC grew its position in FTI Consulting by 13.6% during the third quarter. FMR LLC now owns 325,680 shares of the business services provider's stock worth $74,112,000 after buying an additional 38,977 shares in the last quarter. Institutional investors own 99.36% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts have weighed in on FCN shares. The Goldman Sachs Group dropped their price objective on FTI Consulting from $194.00 to $173.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Truist Financial dropped their price target on FTI Consulting from $275.00 to $225.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Finally, StockNews.com downgraded shares of FTI Consulting from a "buy" rating to a "hold" rating in a research note on Friday, February 21st.

FTI Consulting Stock Up 0.7 %

Shares of FCN stock traded up $1.12 during trading hours on Friday, reaching $169.87. The company's stock had a trading volume of 373,849 shares, compared to its average volume of 191,780. FTI Consulting, Inc. has a fifty-two week low of $161.24 and a fifty-two week high of $243.60. The firm's 50 day simple moving average is $186.87 and its 200-day simple moving average is $203.46. The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 21.78 and a beta of 0.15.

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

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.