FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Vestcor Inc

Vestcor Inc lowered its holdings in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 21.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,009 shares of the business services provider's stock after selling 2,799 shares during the period. Vestcor Inc's holdings in FTI Consulting were worth $2,278,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in FCN. Envestnet Portfolio Solutions Inc. increased its stake in shares of FTI Consulting by 4.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,119 shares of the business services provider's stock valued at $241,000 after acquiring an additional 52 shares during the last quarter. Allegheny Financial Group LTD increased its position in FTI Consulting by 6.5% during the second quarter. Allegheny Financial Group LTD now owns 1,182 shares of the business services provider's stock worth $255,000 after purchasing an additional 72 shares during the last quarter. UMB Bank n.a. raised its stake in FTI Consulting by 76.6% during the third quarter. UMB Bank n.a. now owns 166 shares of the business services provider's stock worth $38,000 after purchasing an additional 72 shares during the period. Truist Financial Corp boosted its holdings in shares of FTI Consulting by 2.1% in the 2nd quarter. Truist Financial Corp now owns 3,757 shares of the business services provider's stock valued at $810,000 after purchasing an additional 76 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of FTI Consulting by 65.9% in the 2nd quarter. Signaturefd LLC now owns 204 shares of the business services provider's stock valued at $44,000 after purchasing an additional 81 shares during the last quarter. 99.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on FCN. StockNews.com raised FTI Consulting from a "hold" rating to a "buy" rating in a research report on Saturday, November 2nd. Truist Financial raised their price objective on FTI Consulting from $255.00 to $275.00 and gave the stock a "buy" rating in a report on Wednesday, September 25th.

FTI Consulting Stock Down 1.5 %

Shares of FTI Consulting stock traded down $3.09 during trading hours on Wednesday, hitting $198.94. The company's stock had a trading volume of 200,655 shares, compared to its average volume of 178,714. The business has a fifty day moving average of $208.19 and a 200 day moving average of $215.84. FTI Consulting, Inc. has a 1-year low of $185.93 and a 1-year high of $243.60. The company has a market capitalization of $7.15 billion, a PE ratio of 22.87 and a beta of 0.12.

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