Vanguard Group Inc. Buys 23,419 Shares of FTI Consulting, Inc. (NYSE:FCN)

Vanguard Group Inc. lifted its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,564,322 shares of the business services provider’s stock after acquiring an additional 23,419 shares during the period. Vanguard Group Inc. owned approximately 0.10% of FTI Consulting worth $681,249,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in FCN. Cerity Partners LLC increased its holdings in FTI Consulting by 644.3% during the 3rd quarter. Cerity Partners LLC now owns 7,480 shares of the business services provider’s stock worth $1,702,000 after purchasing an additional 6,475 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in FTI Consulting in the 3rd quarter valued at approximately $242,000. FMR LLC lifted its stake in FTI Consulting by 13.6% in the 3rd quarter. FMR LLC now owns 325,680 shares of the business services provider’s stock valued at $74,112,000 after acquiring an additional 38,977 shares in the last quarter. Quantbot Technologies LP acquired a new position in FTI Consulting during the 3rd quarter worth approximately $671,000. Finally, BNP Paribas Financial Markets grew its stake in shares of FTI Consulting by 220.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,004 shares of the business services provider’s stock worth $2,049,000 after acquiring an additional 6,195 shares in the last quarter. 99.36% of the stock is currently owned by institutional investors and hedge funds.

FTI Consulting Trading Down 0.7 %

Shares of FCN opened at $162.28 on Monday. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 20.80 and a beta of 0.14. The company’s fifty day simple moving average is $177.51 and its 200 day simple moving average is $196.48. FTI Consulting, Inc. has a 1-year low of $158.88 and a 1-year high of $243.60.

FTI Consulting (NYSE:FCN) last issued its earnings results on Thursday, February 20th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.17). FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. The firm had revenue of $894.92 million during the quarter, compared to the consensus estimate of $913.70 million. As a group, research analysts forecast that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

Wall Street Analyst Weigh In

FCN has been the topic of a number of research reports. StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. Truist Financial reduced their price objective on shares of FTI Consulting from $275.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, The Goldman Sachs Group lowered their target price on FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st.

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.