Teacher Retirement System of Texas Has $6.67 Million Holdings in FTI Consulting, Inc. (NYSE:FCN)

Teacher Retirement System of Texas boosted its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 13.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,919 shares of the business services provider’s stock after buying an additional 4,051 shares during the quarter. Teacher Retirement System of Texas’ holdings in FTI Consulting were worth $6,674,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in FTI Consulting during the 3rd quarter worth $35,000. Quarry LP lifted its holdings in FTI Consulting by 337.8% during the 3rd quarter. Quarry LP now owns 162 shares of the business services provider’s stock worth $37,000 after buying an additional 125 shares in the last quarter. True Wealth Design LLC acquired a new position in FTI Consulting during the 3rd quarter worth $38,000. Jones Financial Companies Lllp lifted its holdings in FTI Consulting by 394.0% during the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider’s stock worth $47,000 after buying an additional 197 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in FTI Consulting by 59.6% during the 4th quarter. UMB Bank n.a. now owns 265 shares of the business services provider’s stock worth $51,000 after buying an additional 99 shares in the last quarter. Institutional investors and hedge funds own 99.36% of the company’s stock.

FTI Consulting Stock Performance

Shares of FTI Consulting stock opened at $160.02 on Monday. The firm has a fifty day moving average of $180.70 and a two-hundred day moving average of $198.49. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of 20.52 and a beta of 0.14. FTI Consulting, Inc. has a 52 week low of $158.88 and a 52 week high of $243.60.

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

Analyst Upgrades and Downgrades

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

FTI Consulting 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.