Blue Trust Inc. Trims Stake in FTI Consulting, Inc. (NYSE:FCN)

Blue Trust Inc. reduced its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 56.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 693 shares of the business services provider’s stock after selling 885 shares during the period. Blue Trust Inc.’s holdings in FTI Consulting were worth $132,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FCN. Mawer Investment Management Ltd. increased its stake in shares of FTI Consulting by 3.2% in the 3rd quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider’s stock worth $891,201,000 after purchasing an additional 123,177 shares in the last quarter. State Street Corp increased its stake in shares of FTI Consulting by 2.7% in the 3rd quarter. State Street Corp now owns 1,061,341 shares of the business services provider’s stock worth $241,519,000 after purchasing an additional 28,105 shares in the last quarter. Geode Capital Management LLC increased its position in FTI Consulting by 2.4% in the third quarter. Geode Capital Management LLC now owns 685,762 shares of the business services provider’s stock worth $157,528,000 after buying an additional 16,171 shares in the last quarter. Pacer Advisors Inc. increased its position in FTI Consulting by 9,995.1% in the fourth quarter. Pacer Advisors Inc. now owns 518,687 shares of the business services provider’s stock worth $99,137,000 after buying an additional 513,549 shares in the last quarter. Finally, Stephens Investment Management Group LLC increased its position in 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 worth $108,099,000 after buying an additional 34,144 shares in the last quarter. 99.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FCN has been the subject of several analyst reports. Truist Financial reduced their target price on shares of FTI Consulting from $275.00 to $225.00 and set a “buy” rating for the company in a report on Friday. The Goldman Sachs Group reduced their price objective on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a research note on Friday. Finally, StockNews.com lowered FTI Consulting from a “buy” rating to a “hold” rating in a research note on Friday.

FTI Consulting Price Performance

Shares of FCN opened at $164.51 on Friday. FTI Consulting, Inc. has a 1 year low of $161.24 and a 1 year high of $243.60. The company has a 50 day simple moving average of $192.00 and a two-hundred day simple moving average of $206.78. The firm has a market cap of $5.91 billion, a P/E ratio of 18.91 and a beta of 0.15.

FTI Consulting (NYSE:FCN) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $1.56 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.17). FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. The firm had revenue of $894.92 million for the quarter, compared to analysts’ expectations of $913.70 million. On average, sell-side analysts anticipate that FTI Consulting, Inc. will post 8.1 earnings per share for the current 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.