FTI Consulting, Inc. (NYSE:FCN) Shares Acquired by California Public Employees Retirement System
California Public Employees Retirement System boosted its holdings in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,858 shares of the business services provider's stock after purchasing an additional 4,853 shares during the quarter. California Public Employees Retirement System owned approximately 0.41% of FTI Consulting worth $28,069,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in shares of FTI Consulting by 13.6% in the 3rd quarter. FMR LLC now owns 325,680 shares of the business services provider's stock worth $74,112,000 after purchasing an additional 38,977 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of FTI Consulting by 220.5% during the third quarter. BNP Paribas Financial Markets now owns 9,004 shares of the business services provider's stock worth $2,049,000 after acquiring an additional 6,195 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of FTI Consulting by 1.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,769 shares of the business services provider's stock worth $1,768,000 after acquiring an additional 135 shares during the period. Captrust Financial Advisors lifted its position in FTI Consulting by 26.6% in the 3rd quarter. Captrust Financial Advisors now owns 4,496 shares of the business services provider's stock valued at $1,023,000 after purchasing an additional 945 shares during the last quarter. Finally, Quarry LP boosted its stake in FTI Consulting by 337.8% during the 3rd quarter. Quarry LP now owns 162 shares of the business services provider's stock valued at $37,000 after purchasing an additional 125 shares during the period. Institutional investors own 99.36% of the company's stock.
Several brokerages have commented on FCN. Truist Financial lowered shares of FTI Consulting from a "buy" rating to a "hold" rating and dropped their price target for the company from $225.00 to $178.00 in a research note on Wednesday. The Goldman Sachs Group cut their target price 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. Finally, StockNews.com cut FTI Consulting from a "buy" rating to a "hold" rating in a research note on Thursday.
Read Our Latest Stock Report on FCN
Shares of NYSE:FCN opened at $161.35 on Friday. The company has a 50 day moving average of $175.14 and a 200-day moving average of $195.20. The firm has a market cap of $5.80 billion, a P/E ratio of 20.69 and a beta of 0.14. FTI Consulting, Inc. has a twelve month low of $157.52 and a twelve month high of $243.60.
FTI Consulting (NYSE:FCN - Get Free Report) last released its earnings results 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). 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 analyst estimates of $913.70 million. Equities research analysts forecast that FTI Consulting, Inc. will post 8.55 EPS for the current year.
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.
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