FTI Consulting, Inc. (NYSE:FCN) Shares Purchased by Alliancebernstein L.P.

Alliancebernstein L.P. grew its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 9.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 740,858 shares of the business services provider’s stock after purchasing an additional 63,163 shares during the quarter. Alliancebernstein L.P.’s holdings in FTI Consulting were worth $141,600,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of FTI Consulting during the third quarter valued at approximately $35,000. Quarry LP lifted its stake in shares of FTI Consulting by 337.8% during the 3rd quarter. Quarry LP now owns 162 shares of the business services provider’s stock worth $37,000 after purchasing an additional 125 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of FTI Consulting by 394.0% during the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider’s stock worth $47,000 after purchasing an additional 197 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of FTI Consulting by 59.6% during the fourth quarter. UMB Bank n.a. now owns 265 shares of the business services provider’s stock worth $51,000 after purchasing an additional 99 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in shares of FTI Consulting by 51.4% in the fourth quarter. Versant Capital Management Inc now owns 471 shares of the business services provider’s stock valued at $90,000 after purchasing an additional 160 shares during the period. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

FTI Consulting Price Performance

Shares of NYSE:FCN opened at $164.00 on Wednesday. The business has a 50-day moving average of $176.37 and a two-hundred day moving average of $195.67. The firm has a market capitalization of $5.89 billion, a PE ratio of 21.03 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.

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

Analyst Ratings Changes

A number of analysts have issued reports on FCN shares. Truist Financial decreased their price target on FTI Consulting from $275.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. The Goldman Sachs Group lowered their target price 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. Finally, StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a research note on Thursday, March 20th.

About FTI Consulting

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.