Zurcher Kantonalbank Zurich Cantonalbank Has $2.74 Million Position in FTI Consulting, Inc. (NYSE:FCN)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in FTI Consulting, Inc. (NYSE:FCN) by 84.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,345 shares of the business services provider’s stock after buying an additional 6,576 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in FTI Consulting were worth $2,742,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Mawer Investment Management Ltd. raised its position in FTI Consulting by 3.2% in the 3rd quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider’s stock valued at $891,201,000 after buying an additional 123,177 shares during the last quarter. State Street Corp raised 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 valued at $241,519,000 after buying an additional 28,105 shares during the last quarter. Geode Capital Management LLC raised its position in FTI Consulting by 2.4% in the 3rd 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 position in FTI Consulting by 9,995.1% in the 4th 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. Finally, Charles Schwab Investment Management Inc. raised its position in FTI Consulting by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 438,808 shares of the business services provider’s stock valued at $83,869,000 after buying an additional 8,032 shares during the last quarter. Institutional investors and hedge funds own 99.36% of the company’s stock.

FTI Consulting Stock Up 0.8 %

NYSE:FCN opened at $162.90 on Friday. FTI Consulting, Inc. has a twelve month low of $158.92 and a twelve month high of $243.60. The stock’s 50 day moving average price is $183.64 and its two-hundred day moving average price is $200.84. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 20.88 and a beta of 0.14.

FTI Consulting (NYSE:FCN) last issued its earnings results on Thursday, February 20th. The business services provider reported $1.56 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.17). FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. The business had revenue of $894.92 million for the quarter, compared to the consensus estimate of $913.70 million. As a group, analysts anticipate that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on FCN shares. Truist Financial dropped 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. StockNews.com lowered FTI Consulting from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, The Goldman Sachs Group lowered their price target on FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st.

FTI Consulting Company 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.