Sequoia Financial Advisors LLC Boosts Holdings in FTI Consulting, Inc. (NYSE:FCN)

Sequoia Financial Advisors LLC grew its position in FTI Consulting, Inc. (NYSE:FCN) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,389 shares of the business services provider’s stock after acquiring an additional 89 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in FTI Consulting were worth $457,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FCN. HighTower Advisors LLC lifted its stake in shares of FTI Consulting by 8.7% during the 4th quarter. HighTower Advisors LLC now owns 3,256 shares of the business services provider’s stock worth $622,000 after acquiring an additional 260 shares during the last quarter. Wealthfront Advisers LLC purchased a new stake in FTI Consulting in the fourth quarter worth $8,572,000. Isthmus Partners LLC bought a new stake in shares of FTI Consulting during the fourth quarter worth $447,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of FTI Consulting by 84.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,345 shares of the business services provider’s stock valued at $2,742,000 after purchasing an additional 6,576 shares during the period. Finally, AlphaQuest LLC grew its holdings in shares of FTI Consulting by 129.7% in the fourth quarter. AlphaQuest LLC now owns 4,329 shares of the business services provider’s stock worth $827,000 after purchasing an additional 2,444 shares during the last quarter. Institutional investors own 99.36% of the company’s stock.

FTI Consulting Price Performance

Shares of FTI Consulting stock opened at $166.64 on Wednesday. The stock has a market cap of $5.99 billion, a price-to-earnings ratio of 21.36 and a beta of 0.14. The firm’s 50-day moving average is $182.58 and its two-hundred day moving average is $199.81. FTI Consulting, Inc. has a 1 year low of $158.92 and a 1 year high of $243.60.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data 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). The business had revenue of $894.92 million for the quarter, compared to the consensus estimate of $913.70 million. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. On average, equities analysts expect that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

Analysts Set New Price Targets

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