FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Vestcor Inc

Vestcor Inc lowered its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 35.8% during the fourth quarter, Holdings Channel reports. The fund owned 6,424 shares of the business services provider’s stock after selling 3,585 shares during the period. Vestcor Inc’s holdings in FTI Consulting were worth $1,228,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Prospera Private Wealth LLC acquired a new position in FTI Consulting during the 3rd quarter worth $34,000. Wilmington Savings Fund Society FSB purchased a new position in shares of FTI Consulting in the 3rd quarter valued at about $35,000. Quarry LP grew its position in shares of FTI Consulting by 337.8% during the third 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 purchased a new stake in shares of FTI Consulting during the third quarter worth approximately $38,000. Finally, Jones Financial Companies Lllp raised its holdings in FTI Consulting by 394.0% in the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 197 shares in the last quarter. 99.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on FCN shares. StockNews.com cut shares of FTI Consulting from a “buy” rating to a “hold” rating in a report on Friday, February 21st. The Goldman Sachs Group lowered their target price 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. Finally, Truist Financial cut their price target on FTI Consulting from $275.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, February 21st.

FTI Consulting Stock Up 0.8 %

Shares of FTI Consulting stock opened at $162.90 on Friday. The firm has a market capitalization of $5.85 billion, a P/E ratio of 20.88 and a beta of 0.14. FTI Consulting, Inc. has a 52 week low of $158.92 and a 52 week high of $243.60. The firm’s 50 day moving average is $183.64 and its two-hundred day moving average is $200.84.

FTI Consulting (NYSE:FCN) last announced 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 return on equity of 13.15% and a net margin of 7.57%. The company had revenue of $894.92 million for the quarter, compared to analyst estimates of $913.70 million. As a group, research analysts expect that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal 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.