FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Legal & General Group Plc

Legal & General Group Plc reduced its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,331 shares of the business services provider’s stock after selling 2,871 shares during the period. Legal & General Group Plc’s holdings in FTI Consulting were worth $14,207,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of FCN. Wilmington Savings Fund Society FSB purchased a new position in shares of FTI Consulting during the third quarter valued at approximately $35,000. Jones Financial Companies Lllp lifted its stake in shares of 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 purchasing an additional 197 shares during the period. UMB Bank n.a. boosted its holdings in shares of 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. Versant Capital Management Inc grew its position in shares of 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. Finally, Venturi Wealth Management LLC increased its stake in FTI Consulting by 127.5% in the fourth quarter. Venturi Wealth Management LLC now owns 762 shares of the business services provider’s stock valued at $146,000 after purchasing an additional 427 shares during the last quarter. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

FTI Consulting Price Performance

FTI Consulting stock opened at $165.08 on Wednesday. The company has a market cap of $5.93 billion, a price-to-earnings ratio of 21.16 and a beta of 0.21. FTI Consulting, Inc. has a 12 month low of $151.75 and a 12 month high of $243.60. The stock’s 50-day moving average is $168.10 and its 200-day moving average is $190.62.

FTI Consulting (NYSE:FCN) last posted its quarterly 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 during the quarter, compared to analysts’ expectations of $913.70 million. Research analysts anticipate that FTI Consulting, Inc. will post 8.55 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on FCN. 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. StockNews.com cut shares of FTI Consulting from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Finally, Truist Financial lowered shares of 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.

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.