Federated Hermes Inc. Has $23.08 Million Position in FTI Consulting, Inc. (NYSE:FCN)

Federated Hermes Inc. boosted its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 11.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 120,760 shares of the business services provider’s stock after purchasing an additional 12,471 shares during the quarter. Federated Hermes Inc. owned about 0.34% of FTI Consulting worth $23,081,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FCN. Aster Capital Management DIFC Ltd acquired a new position in FTI Consulting in the 4th quarter valued at $187,000. Russell Investments Group Ltd. boosted its holdings in FTI Consulting by 9.1% during the fourth quarter. Russell Investments Group Ltd. now owns 35,616 shares of the business services provider’s stock valued at $6,807,000 after acquiring an additional 2,983 shares during the period. Envestnet Asset Management Inc. grew its position in shares of FTI Consulting by 17.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 72,956 shares of the business services provider’s stock valued at $13,944,000 after purchasing an additional 10,721 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its stake in shares of FTI Consulting by 28.3% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 126,470 shares of the business services provider’s stock worth $24,172,000 after purchasing an additional 27,875 shares during the period. Finally, Aviva PLC lifted its position in shares of FTI Consulting by 5.7% during the 4th quarter. Aviva PLC now owns 3,064 shares of the business services provider’s stock worth $586,000 after purchasing an additional 166 shares during the last quarter. Institutional investors and hedge funds own 99.36% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Truist Financial downgraded FTI Consulting from a “buy” rating to a “hold” rating and dropped their price target for the stock from $225.00 to $178.00 in a research report on Wednesday, April 2nd. The Goldman Sachs Group dropped their target price on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. Finally, StockNews.com cut shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Thursday, April 3rd.

FTI Consulting Stock Down 1.5 %

Shares of FCN opened at $152.59 on Wednesday. The stock’s 50-day moving average price is $171.89 and its 200 day moving average price is $193.04. The firm has a market capitalization of $5.48 billion, a price-to-earnings ratio of 19.56 and a beta of 0.21. FTI Consulting, Inc. has a 12-month low of $151.85 and a 12-month 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 firm 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%. Equities research analysts expect that FTI Consulting, Inc. will post 8.55 EPS 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.