FTI Consulting, Inc. (NYSE:FCN) Stake Lowered by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE trimmed its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 43,246 shares of the business services provider’s stock after selling 460 shares during the quarter. Congress Wealth Management LLC DE owned about 0.12% of FTI Consulting worth $8,266,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of FTI Consulting by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 3,564,322 shares of the business services provider’s stock worth $681,249,000 after acquiring an additional 23,419 shares during the period. LPL Financial LLC grew its position in FTI Consulting by 17.6% in the 4th quarter. LPL Financial LLC now owns 13,764 shares of the business services provider’s stock worth $2,631,000 after purchasing an additional 2,059 shares during the last quarter. Fox Run Management L.L.C. increased its stake in shares of FTI Consulting by 54.2% in the fourth quarter. Fox Run Management L.L.C. now owns 3,003 shares of the business services provider’s stock valued at $574,000 after purchasing an additional 1,055 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of FTI Consulting during the fourth quarter valued at approximately $1,682,000. Finally, Sei Investments Co. boosted its position in shares of FTI Consulting by 1.1% during the fourth quarter. Sei Investments Co. now owns 97,705 shares of the business services provider’s stock worth $18,674,000 after buying an additional 1,107 shares during the period. Institutional investors own 99.36% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on FCN shares. StockNews.com upgraded FTI Consulting from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. Truist Financial lowered their price target on FTI Consulting from $275.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Finally, The Goldman Sachs Group reduced their price objective on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a report on Friday, February 21st.

FTI Consulting Price Performance

Shares of NYSE:FCN opened at $161.17 on Wednesday. The stock has a market cap of $5.79 billion, a price-to-earnings ratio of 20.66 and a beta of 0.14. FTI Consulting, Inc. has a 12 month low of $158.88 and a 12 month high of $243.60. The stock’s 50 day moving average price is $179.30 and its 200 day moving average price is $197.66.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $1.56 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.17). The firm had revenue of $894.92 million during the quarter, compared to analyst estimates of $913.70 million. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. On average, sell-side analysts expect that FTI Consulting, Inc. will post 8.55 EPS for the current year.

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.