FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Vestcor Inc

Vestcor Inc reduced its holdings in FTI Consulting, Inc. (NYSE:FCN) by 35.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,424 shares of the business services provider’s stock after selling 3,585 shares during the period. Vestcor Inc’s holdings in FTI Consulting were worth $1,228,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in FCN. Prospera Private Wealth LLC purchased a new stake in FTI Consulting in the 3rd quarter valued at $34,000. Wilmington Savings Fund Society FSB acquired a new position in shares of FTI Consulting during the 3rd quarter valued at about $35,000. Quarry LP grew its holdings in shares of FTI Consulting by 337.8% in the third quarter. Quarry LP now owns 162 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 125 shares during the period. True Wealth Design LLC acquired a new stake in FTI Consulting during the third quarter worth about $38,000. Finally, Jones Financial Companies Lllp raised its stake in FTI Consulting by 394.0% during the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider’s stock worth $47,000 after purchasing an additional 197 shares during the period. 99.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

FTI Consulting Stock Performance

FTI Consulting stock opened at $162.90 on Friday. The company has a market capitalization of $5.85 billion, a price-to-earnings ratio of 20.88 and a beta of 0.14. The company’s 50 day simple moving average is $183.64 and its 200-day simple moving average is $200.84. 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 results on Thursday, February 20th. The business services provider reported $1.56 EPS 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. Equities analysts expect that FTI Consulting, Inc. will post 8.55 earnings per share 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.