FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Wedmont Private Capital

Wedmont Private Capital reduced its stake in FTI Consulting, Inc. (NYSE:FCN) by 24.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,138 shares of the business services provider’s stock after selling 367 shares during the period. Wedmont Private Capital’s holdings in FTI Consulting were worth $219,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Tilia Fiduciary Partners Inc. raised its holdings in FTI Consulting by 5.3% during the fourth quarter. Tilia Fiduciary Partners Inc. now owns 11,053 shares of the business services provider’s stock worth $2,113,000 after purchasing an additional 552 shares in the last quarter. Versant Capital Management Inc grew its stake in FTI Consulting by 51.4% during the 4th 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 in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of FTI Consulting by 3.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 79,120 shares of the business services provider’s stock valued at $18,005,000 after purchasing an additional 2,860 shares during the period. Synovus Financial Corp lifted its position in shares of FTI Consulting by 5.5% in the third quarter. Synovus Financial Corp now owns 4,710 shares of the business services provider’s stock worth $1,072,000 after purchasing an additional 246 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of FTI Consulting during the 3rd quarter valued at $35,000. 99.36% of the stock is currently owned by institutional investors.

FTI Consulting Stock Down 1.7 %

Shares of NYSE FCN opened at $190.45 on Friday. FTI Consulting, Inc. has a 12-month low of $185.93 and a 12-month high of $243.60. The firm’s 50-day simple moving average is $196.98 and its 200 day simple moving average is $212.16. The company has a market cap of $6.84 billion, a price-to-earnings ratio of 21.89 and a beta of 0.14.

FTI Consulting (NYSE:FCN) 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). FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. The business had revenue of $926.00 million for the quarter, compared to the consensus estimate of $946.16 million. During the same quarter last year, the firm earned $2.34 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities analysts expect that FTI Consulting, Inc. will post 8.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on FCN shares. Truist Financial increased their price target on shares of FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd.

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.