Vanguard Group Inc. boosted its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,564,322 shares of the business services provider's stock after buying an additional 23,419 shares during the period. Vanguard Group Inc. owned approximately 9.92% of FTI Consulting worth $681,249,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB bought a new position in shares of FTI Consulting during the third quarter valued at $35,000. Quarry LP grew its position in FTI Consulting by 337.8% during the 3rd quarter. Quarry LP now owns 162 shares of the business services provider's stock valued at $37,000 after purchasing an additional 125 shares during the last quarter. True Wealth Design LLC bought a new stake in FTI Consulting during the 3rd quarter valued at about $38,000. Jones Financial Companies Lllp raised its holdings in FTI Consulting by 394.0% in the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider's stock worth $47,000 after buying an additional 197 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of FTI Consulting by 59.6% in the fourth quarter. UMB Bank n.a. now owns 265 shares of the business services provider's stock worth $51,000 after buying an additional 99 shares in the last quarter. Institutional investors own 99.36% of the company's stock.
FTI Consulting Trading Down 1.6 %
NYSE:FCN traded down $2.67 during trading hours on Wednesday, reaching $161.45. The company had a trading volume of 549,522 shares, compared to its average volume of 211,369. The firm has a market cap of $5.80 billion, a price-to-earnings ratio of 20.70 and a beta of 0.14. The firm's 50 day moving average price is $176.37 and its 200-day moving average price is $195.67. FTI Consulting, Inc. has a 52 week low of $157.67 and a 52 week high of $243.60.
FTI Consulting (NYSE:FCN - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $1.56 EPS for the quarter, missing analysts' consensus estimates of $1.73 by ($0.17). The firm had revenue of $894.92 million for the quarter, compared to analysts' expectations of $913.70 million. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. On average, analysts forecast that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.
Analyst Ratings Changes
FCN has been the subject of several analyst reports. The Goldman Sachs Group reduced 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 report on Friday, February 21st. StockNews.com raised FTI Consulting from a "hold" rating to a "buy" rating in a report on Thursday, March 20th. Finally, Truist Financial cut FTI Consulting from a "buy" rating to a "hold" rating and decreased their price target for the stock from $225.00 to $178.00 in a research note on Wednesday.
View Our Latest Report on FTI Consulting
FTI Consulting Profile
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Free Report)
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.
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