FTI Consulting, Inc. (NYSE:FCN) Shares Sold by US Bancorp DE

US Bancorp DE lowered its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,023 shares of the business services provider’s stock after selling 141 shares during the quarter. US Bancorp DE’s holdings in FTI Consulting were worth $1,151,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mawer Investment Management Ltd. lifted its holdings in FTI Consulting by 3.2% during 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 buying an additional 123,177 shares during the last quarter. State Street Corp boosted its holdings in FTI Consulting by 2.7% in the third 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 during the period. Geode Capital Management LLC boosted its holdings 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 purchasing an additional 16,171 shares during the period. Pacer Advisors Inc. increased its stake in 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 purchasing an additional 513,549 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of FTI Consulting by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 430,776 shares of the business services provider’s stock worth $98,027,000 after purchasing an additional 7,804 shares during the period. Institutional investors own 99.36% of the company’s stock.

FTI Consulting Trading Up 0.7 %

FCN stock opened at $169.87 on Monday. The firm has a market cap of $6.10 billion, a PE ratio of 21.78 and a beta of 0.14. FTI Consulting, Inc. has a 1 year low of $161.24 and a 1 year high of $243.60. The company has a fifty day simple moving average of $186.41 and a 200 day simple moving average of $202.79.

FTI Consulting (NYSE:FCN) last released its earnings results on Thursday, February 20th. The business services provider reported $1.56 earnings per share 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, analysts forecast that FTI Consulting, Inc. will post 8.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Truist Financial cut their price target on FTI Consulting from $275.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, February 21st. The Goldman Sachs Group reduced their price target on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Finally, StockNews.com cut shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note 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.