Victory Capital Management Inc. Has $438.95 Million Holdings in FTI Consulting, Inc. (NYSE:FCN)

Victory Capital Management Inc. lowered its position in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 6.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,928,922 shares of the business services provider's stock after selling 132,136 shares during the period. Victory Capital Management Inc. owned 5.37% of FTI Consulting worth $438,945,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its holdings in shares of FTI Consulting by 3.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,187,469 shares of the business services provider's stock valued at $249,714,000 after purchasing an additional 35,599 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of FTI Consulting by 6.0% in 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 purchasing an additional 39,271 shares in the last quarter. Stephens Investment Management Group LLC increased its holdings in shares of FTI Consulting by 7.7% in the third quarter. Stephens Investment Management Group LLC now owns 475,036 shares of the business services provider's stock valued at $108,099,000 after purchasing an additional 34,144 shares in the last quarter. Greenvale Capital LLP grew its holdings in FTI Consulting by 30.9% during the 2nd quarter. Greenvale Capital LLP now owns 360,000 shares of the business services provider's stock worth $77,591,000 after acquiring an additional 85,000 shares during the period. Finally, Van Berkom & Associates Inc. grew its holdings in FTI Consulting by 2.1% during the 2nd quarter. Van Berkom & Associates Inc. now owns 347,393 shares of the business services provider's stock worth $74,874,000 after acquiring an additional 7,175 shares during the period. Institutional investors own 99.36% of the company's stock.

Wall Street Analyst Weigh In

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

FTI Consulting Price Performance

NYSE:FCN traded down $2.09 on Tuesday, hitting $201.87. 169,903 shares of the company's stock were exchanged, compared to its average volume of 177,043. The firm has a 50-day moving average price of $218.00 and a 200-day moving average price of $218.66. FTI Consulting, Inc. has a 52 week low of $185.93 and a 52 week high of $243.60. The company has a market cap of $7.26 billion, a P/E ratio of 23.20 and a beta of 0.12.

FTI Consulting (NYSE:FCN - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.21). The firm had revenue of $926.00 million for the quarter, compared to analyst estimates of $946.16 million. FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. 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 firm earned $2.34 earnings per share. On average, research analysts expect that FTI Consulting, Inc. will post 8.1 earnings per share for the current fiscal year.

FTI Consulting Company Profile

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.