Geode Capital Management LLC Sells 882 Shares of FTI Consulting, Inc. (NYSE:FCN)

Geode Capital Management LLC lessened its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 0.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 684,880 shares of the business services provider’s stock after selling 882 shares during the quarter. Geode Capital Management LLC owned about 1.91% of FTI Consulting worth $132,853,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Charles Schwab Investment Management Inc. grew its stake in FTI Consulting by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 438,808 shares of the business services provider’s stock worth $83,869,000 after buying an additional 8,032 shares in the last quarter. Isthmus Partners LLC bought a new position in FTI Consulting in the fourth quarter valued at $447,000. Ieq Capital LLC increased its stake in FTI Consulting by 214.4% in the fourth quarter. Ieq Capital LLC now owns 6,074 shares of the business services provider’s stock valued at $1,161,000 after acquiring an additional 4,142 shares during the last quarter. Dakota Wealth Management raised its position in FTI Consulting by 570.2% during the fourth quarter. Dakota Wealth Management now owns 6,521 shares of the business services provider’s stock valued at $1,246,000 after purchasing an additional 5,548 shares in the last quarter. Finally, California Public Employees Retirement System lifted its stake in FTI Consulting by 3.4% during the fourth quarter. California Public Employees Retirement System now owns 146,858 shares of the business services provider’s stock worth $28,069,000 after purchasing an additional 4,853 shares during the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

FTI Consulting Price Performance

Shares of FCN stock opened at $152.59 on Wednesday. The business has a 50-day moving average of $171.89 and a 200 day moving average of $193.04. The stock has a market capitalization of $5.48 billion, a PE ratio of 19.56 and a beta of 0.21. FTI Consulting, Inc. has a 1-year low of $151.85 and a 1-year high of $243.60.

FTI Consulting (NYSE:FCN) last issued its earnings results on Thursday, February 20th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $913.70 million. Analysts anticipate that FTI Consulting, Inc. will post 8.55 EPS for the current year.

Wall Street Analysts Forecast Growth

FCN has been the topic of a number of research reports. Truist Financial cut FTI Consulting from a “buy” rating to a “hold” rating and decreased their price objective for the company from $225.00 to $178.00 in a report on Wednesday, April 2nd. The Goldman Sachs Group decreased their price target on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. Finally, StockNews.com lowered shares of FTI Consulting from a “buy” rating to a “hold” rating in a report on Thursday, April 3rd.

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.