Capital World Investors Raises Stock Position in FTI Consulting, Inc. (NYSE:FCN)

Capital World Investors lifted its position in FTI Consulting, Inc. (NYSE:FCN) by 1,191.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,246 shares of the business services provider’s stock after buying an additional 65,730 shares during the period. Capital World Investors owned approximately 0.20% of FTI Consulting worth $13,617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in FTI Consulting in the 3rd quarter worth about $35,000. GeoWealth Management LLC increased its position in shares of FTI Consulting by 46.0% in the fourth quarter. GeoWealth Management LLC now owns 181 shares of the business services provider’s stock valued at $35,000 after buying an additional 57 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of FTI Consulting by 394.0% in the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider’s stock worth $47,000 after acquiring an additional 197 shares during the last quarter. UMB Bank n.a. increased its position in FTI Consulting by 59.6% during the fourth quarter. UMB Bank n.a. now owns 265 shares of the business services provider’s stock worth $51,000 after purchasing an additional 99 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in FTI Consulting by 51.4% in the fourth quarter. Versant Capital Management Inc now owns 471 shares of the business services provider’s stock valued at $90,000 after purchasing an additional 160 shares during the period. Institutional investors own 99.36% of the company’s stock.

Analysts Set New Price Targets

FCN has been the subject of several recent research reports. 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 note on Friday, February 21st. Truist Financial lowered shares of FTI Consulting from a “buy” rating to a “hold” rating and lowered their price objective for the company from $225.00 to $178.00 in a research report on Wednesday, April 2nd. Finally, StockNews.com downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating in a report on Thursday, April 3rd.

FTI Consulting Stock Down 0.2 %

FCN stock opened at $164.91 on Tuesday. The stock’s fifty day simple moving average is $165.84 and its 200-day simple moving average is $188.65. FTI Consulting, Inc. has a 52-week low of $151.75 and a 52-week high of $243.60. The stock has a market capitalization of $5.92 billion, a price-to-earnings ratio of 21.14 and a beta of 0.21.

FTI Consulting (NYSE:FCN) last posted its earnings results on Thursday, February 20th. The business services provider reported $1.56 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.17). The business had revenue of $894.92 million for the quarter, compared to analyst estimates of $913.70 million. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. As a group, analysts anticipate that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

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.