Vestcor Inc Lowers Position in FTI Consulting, Inc. (NYSE:FCN)

Vestcor Inc lessened its stake in FTI Consulting, Inc. (NYSE:FCN) by 21.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,009 shares of the business services provider’s stock after selling 2,799 shares during the period. Vestcor Inc’s holdings in FTI Consulting were worth $2,278,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Barclays PLC boosted its position in FTI Consulting by 160.8% in the 3rd quarter. Barclays PLC now owns 25,929 shares of the business services provider’s stock worth $5,901,000 after purchasing an additional 15,986 shares in the last quarter. Orion Portfolio Solutions LLC boosted its position in FTI Consulting by 5.0% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 10,170 shares of the business services provider’s stock worth $2,314,000 after purchasing an additional 484 shares in the last quarter. XTX Topco Ltd purchased a new stake in FTI Consulting in the 3rd quarter worth approximately $923,000. State Street Corp boosted its position in FTI Consulting by 2.7% in the 3rd quarter. State Street Corp now owns 1,061,341 shares of the business services provider’s stock worth $241,519,000 after purchasing an additional 28,105 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of FTI Consulting during the 3rd quarter worth approximately $798,000. Hedge funds and other institutional investors own 99.36% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on FCN shares. Truist Financial upped their target price on FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a research note on Saturday, November 2nd.

FTI Consulting Stock Performance

NYSE FCN opened at $202.03 on Wednesday. FTI Consulting, Inc. has a one year low of $185.93 and a one year high of $243.60. The company has a market cap of $7.26 billion, a P/E ratio of 23.22 and a beta of 0.12. The business has a fifty day moving average price of $208.73 and a 200 day moving average price of $215.96.

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