FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its holdings in FTI Consulting, Inc. (NYSE:FCN) by 30.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 81,679 shares of the business services provider’s stock after selling 35,141 shares during the period. Principal Financial Group Inc. owned approximately 0.23% of FTI Consulting worth $18,587,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. UMB Bank n.a. grew its position in shares of FTI Consulting by 76.6% in the third quarter. UMB Bank n.a. now owns 166 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 72 shares in the last quarter. Signaturefd LLC grew its holdings in FTI Consulting by 65.9% in the 2nd quarter. Signaturefd LLC now owns 204 shares of the business services provider’s stock valued at $44,000 after buying an additional 81 shares in the last quarter. Covestor Ltd increased its stake in shares of FTI Consulting by 76.4% in the 1st quarter. Covestor Ltd now owns 217 shares of the business services provider’s stock worth $46,000 after acquiring an additional 94 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of FTI Consulting by 593.8% during the 2nd quarter. Versant Capital Management Inc now owns 222 shares of the business services provider’s stock worth $48,000 after acquiring an additional 190 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. boosted its position in shares of FTI Consulting by 284.1% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 242 shares of the business services provider’s stock valued at $52,000 after acquiring an additional 179 shares during the last quarter. 99.36% of the stock is owned by hedge funds and other institutional investors.

FTI Consulting Stock Down 2.0 %

NYSE:FCN opened at $196.00 on Friday. The company has a market capitalization of $7.04 billion, a P/E ratio of 22.53 and a beta of 0.12. FTI Consulting, Inc. has a 52 week low of $185.93 and a 52 week high of $243.60. The stock’s fifty day moving average is $217.02 and its two-hundred day moving average is $218.38.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.21). The company had revenue of $926.00 million during the quarter, compared to analysts’ expectations of $946.16 million. FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.34 earnings per share. Sell-side analysts anticipate that FTI Consulting, Inc. will post 8.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on FCN shares. StockNews.com upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd. Truist Financial increased their price target on shares of FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th.

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.