145,065 Shares in FTI Consulting, Inc. (NYSE:FCN) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in FTI Consulting, Inc. (NYSE:FCN) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 145,065 shares of the business services provider’s stock, valued at approximately $27,726,000. Raymond James Financial Inc. owned approximately 0.40% of FTI Consulting as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mawer Investment Management Ltd. increased its holdings 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 valued at $891,201,000 after purchasing an additional 123,177 shares in the last quarter. State Street Corp grew its position in FTI Consulting by 2.7% during the third quarter. State Street Corp now owns 1,061,341 shares of the business services provider’s stock worth $241,519,000 after buying an additional 28,105 shares during the period. Geode Capital Management LLC increased 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 valued at $157,528,000 after buying an additional 16,171 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of FTI Consulting by 9,995.1% during the 4th 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. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of FTI Consulting by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 438,808 shares of the business services provider’s stock worth $83,869,000 after acquiring an additional 8,032 shares in the last quarter. Institutional investors and hedge funds own 99.36% of the company’s stock.

FTI Consulting Stock Performance

FCN stock opened at $162.90 on Friday. The stock’s 50 day moving average price is $184.21 and its 200 day moving average price is $201.40. The firm has a market cap of $5.85 billion, a P/E ratio of 20.88 and a beta of 0.14. FTI Consulting, Inc. has a 1 year low of $158.92 and a 1 year high of $243.60.

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FCN. The Goldman Sachs Group dropped their price objective on FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. StockNews.com downgraded FTI Consulting from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Truist Financial lowered their price objective on shares of FTI Consulting from $275.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, February 21st.

FTI Consulting Company Profile

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.