FTI Consulting, Inc. (NYSE:FCN) Shares Sold by US Bancorp DE

US Bancorp DE reduced its position in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 29.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,164 shares of the business services provider's stock after selling 2,548 shares during the quarter. US Bancorp DE's holdings in FTI Consulting were worth $1,403,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. American Century Companies Inc. increased its holdings in shares of FTI Consulting by 76.3% in the 2nd quarter. American Century Companies Inc. now owns 224,744 shares of the business services provider's stock valued at $48,439,000 after acquiring an additional 97,244 shares during the period. Greenvale Capital LLP grew its stake in FTI Consulting by 30.9% in the second quarter. Greenvale Capital LLP now owns 360,000 shares of the business services provider's stock valued at $77,591,000 after purchasing an additional 85,000 shares during the last quarter. Mountain Pacific Investment Advisers LLC grew its stake in FTI Consulting by 563.7% in the third quarter. Mountain Pacific Investment Advisers LLC now owns 66,373 shares of the business services provider's stock valued at $15,104,000 after purchasing an additional 56,373 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of FTI Consulting by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 692,044 shares of the business services provider's stock valued at $149,164,000 after buying an additional 39,271 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in shares of FTI Consulting by 48.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 114,423 shares of the business services provider's stock valued at $26,038,000 after buying an additional 37,500 shares in the last quarter. 99.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of FTI Consulting from a "hold" rating to a "buy" rating in a research note on Saturday, November 2nd. Truist Financial upped their price target on FTI Consulting from $255.00 to $275.00 and gave the stock a "buy" rating in a research report on Wednesday, September 25th.

FTI Consulting Price Performance

NYSE FCN traded down $0.95 during trading on Friday, hitting $203.93. The company's stock had a trading volume of 196,444 shares, compared to its average volume of 177,133. FTI Consulting, Inc. has a fifty-two week low of $185.93 and a fifty-two week high of $243.60. The company has a market cap of $7.33 billion, a PE ratio of 23.44 and a beta of 0.12. The business's 50 day simple moving average is $218.90 and its 200-day simple moving average is $218.74.

FTI Consulting (NYSE:FCN - Get Free Report) last released its earnings results on Thursday, October 24th. The business services provider reported $1.85 EPS for the quarter, missing analysts' consensus estimates of $2.06 by ($0.21). FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. The company had revenue of $926.00 million during the quarter, compared to analyst estimates of $946.16 million. During the same quarter last year, the business earned $2.34 earnings per share. The firm's revenue for the quarter was up 3.7% on a year-over-year basis. Analysts expect that FTI Consulting, Inc. will post 8.1 EPS for the current fiscal 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.