Wells Fargo & Company MN Cuts Stock Holdings in FTI Consulting, Inc. (NYSE:FCN)

Wells Fargo & Company MN decreased its holdings in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 8.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 343,313 shares of the business services provider's stock after selling 32,059 shares during the period. Wells Fargo & Company MN owned 0.96% of FTI Consulting worth $65,617,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new position in FTI Consulting in the third quarter worth about $35,000. Quarry LP lifted its stake 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 acquiring an additional 125 shares during the period. Jones Financial Companies Lllp lifted its position in FTI Consulting by 394.0% during the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider's stock valued at $47,000 after purchasing an additional 197 shares during the period. UMB Bank n.a. lifted its holdings in shares of FTI Consulting by 59.6% in the 4th quarter. UMB Bank n.a. now owns 265 shares of the business services provider's stock valued at $51,000 after buying an additional 99 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in FTI Consulting by 51.4% in the fourth quarter. Versant Capital Management Inc now owns 471 shares of the business services provider's stock valued at $90,000 after acquiring an additional 160 shares during the period. Institutional investors own 99.36% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on FCN shares. The Goldman Sachs Group decreased their price objective on shares of FTI Consulting from $194.00 to $173.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. StockNews.com cut FTI Consulting from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Finally, Truist Financial downgraded shares of FTI Consulting from a "buy" rating to a "hold" rating and reduced their target price for the stock from $225.00 to $178.00 in a research note on Wednesday, April 2nd.

Remove Ads

FTI Consulting Stock Performance

Shares of NYSE FCN traded up $0.51 during mid-day trading on Monday, reaching $165.12. 62,142 shares of the company's stock were exchanged, compared to its average volume of 223,957. The company's 50-day moving average is $169.21 and its 200-day moving average is $191.21. FTI Consulting, Inc. has a 52-week low of $151.75 and a 52-week high of $243.60. The firm has a market capitalization of $5.93 billion, a price-to-earnings ratio of 21.17 and a beta of 0.21.

FTI Consulting (NYSE:FCN - Get Free Report) last released its quarterly earnings results 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). FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. The firm had revenue of $894.92 million for the quarter, compared to analyst estimates of $913.70 million. As a group, equities analysts predict that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

FTI Consulting 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.