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

Vanguard Group Inc. increased its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,564,322 shares of the business services provider’s stock after purchasing an additional 23,419 shares during the quarter. Vanguard Group Inc. owned about 9.92% of FTI Consulting worth $681,249,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. State Street Corp boosted its position in 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 valued at $241,519,000 after buying an additional 28,105 shares during the last quarter. Geode Capital Management LLC raised its position in shares of FTI Consulting by 2.4% during the third quarter. Geode Capital Management LLC now owns 685,762 shares of the business services provider’s stock worth $157,528,000 after acquiring an additional 16,171 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of FTI Consulting by 9,995.1% during the fourth quarter. Pacer Advisors Inc. now owns 518,687 shares of the business services provider’s stock valued at $99,137,000 after acquiring an additional 513,549 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in FTI Consulting by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 438,808 shares of the business services provider’s stock valued at $83,869,000 after acquiring an additional 8,032 shares during the last quarter. Finally, Van Berkom & Associates Inc. boosted its holdings in FTI Consulting by 10.7% in the fourth quarter. Van Berkom & Associates Inc. now owns 390,327 shares of the business services provider’s stock valued at $74,603,000 after acquiring an additional 37,884 shares during the last quarter. 99.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on FCN. The Goldman Sachs Group cut their target price on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. Truist Financial dropped their price target 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, StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a research note on Thursday, March 20th.

FTI Consulting Trading Down 0.7 %

Shares of FCN opened at $162.28 on Monday. The stock has a market cap of $5.83 billion, a P/E ratio of 20.80 and a beta of 0.14. The stock’s 50-day moving average price is $177.51 and its two-hundred day moving average price 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 EPS for the quarter, missing the consensus estimate 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, equities analysts forecast that FTI Consulting, Inc. will post 8.55 EPS 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.