FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 6.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,928,922 shares of the business services provider’s stock after selling 132,136 shares during the quarter. Victory Capital Management Inc. owned about 0.05% of FTI Consulting worth $438,945,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Entropy Technologies LP grew its position in FTI Consulting by 32.4% in the third quarter. Entropy Technologies LP now owns 2,450 shares of the business services provider’s stock worth $558,000 after acquiring an additional 600 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of FTI Consulting by 82.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 335 shares of the business services provider’s stock worth $76,000 after acquiring an additional 151 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of FTI Consulting by 176.5% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 6,454 shares of the business services provider’s stock valued at $1,469,000 after acquiring an additional 4,120 shares during the last quarter. Colonial River Investments LLC acquired a new position in FTI Consulting during the third quarter valued at approximately $392,000. Finally, Montanaro Asset Management Ltd grew its stake in FTI Consulting by 11.1% in the 3rd quarter. Montanaro Asset Management Ltd now owns 30,000 shares of the business services provider’s stock valued at $6,827,000 after buying an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 99.36% of the company’s stock.

FTI Consulting Price Performance

FCN traded down $0.26 on Tuesday, hitting $203.70. 23,505 shares of the stock were exchanged, compared to its average volume of 176,374. The business has a 50-day moving average of $218.41 and a two-hundred day moving average of $218.73. FTI Consulting, Inc. has a 12 month low of $185.93 and a 12 month high of $243.60. The firm has a market capitalization of $7.32 billion, a price-to-earnings ratio of 23.44 and a beta of 0.12.

FTI Consulting (NYSE:FCN) last posted its quarterly 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). The business had revenue of $926.00 million for the quarter, compared to the consensus estimate of $946.16 million. FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. FTI Consulting’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.34 earnings per share. Equities research analysts expect that FTI Consulting, Inc. will post 8.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a 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.

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.