Sequoia Financial Advisors LLC Purchases 89 Shares of FTI Consulting, Inc. (NYSE:FCN)

Sequoia Financial Advisors LLC raised its position in FTI Consulting, Inc. (NYSE:FCN) by 3.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,389 shares of the business services provider’s stock after acquiring an additional 89 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in FTI Consulting were worth $457,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of FCN. State Street Corp lifted its holdings in shares of FTI Consulting by 2.7% during the 3rd quarter. State Street Corp now owns 1,061,341 shares of the business services provider’s stock valued at $241,519,000 after purchasing an additional 28,105 shares during the last quarter. Geode Capital Management LLC raised its stake in FTI Consulting by 2.4% in the third quarter. Geode Capital Management LLC now owns 685,762 shares of the business services provider’s stock valued at $157,528,000 after buying an additional 16,171 shares during the last quarter. Pacer Advisors Inc. raised its stake in FTI Consulting by 9,995.1% in the fourth quarter. Pacer Advisors Inc. now owns 518,687 shares of the business services provider’s stock valued at $99,137,000 after buying an additional 513,549 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in FTI Consulting by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 438,808 shares of the business services provider’s stock worth $83,869,000 after acquiring an additional 8,032 shares in the last quarter. Finally, Van Berkom & Associates Inc. grew its stake in shares of FTI Consulting by 10.7% during the fourth quarter. Van Berkom & Associates Inc. now owns 390,327 shares of the business services provider’s stock worth $74,603,000 after acquiring an additional 37,884 shares during the last quarter. 99.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on FCN shares. 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. StockNews.com downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Truist Financial cut their target price on FTI Consulting from $275.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, February 21st.

FTI Consulting Stock Up 1.8 %

Shares of NYSE FCN opened at $166.64 on Wednesday. FTI Consulting, Inc. has a 52 week low of $158.92 and a 52 week high of $243.60. The firm has a market cap of $5.99 billion, a P/E ratio of 21.36 and a beta of 0.14. The business’s 50 day moving average price is $182.58 and its 200 day moving average price is $199.81.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $1.56 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.17). The business had revenue of $894.92 million during the quarter, compared to analyst estimates of $913.70 million. FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. As a group, research analysts expect that FTI Consulting, Inc. will post 8.55 earnings per share 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.