FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky cut its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 2.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,919 shares of the business services provider’s stock after selling 310 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in FTI Consulting were worth $2,485,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of FCN. Envestnet Portfolio Solutions Inc. boosted its position in FTI Consulting by 4.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,119 shares of the business services provider’s stock worth $241,000 after purchasing an additional 52 shares in the last quarter. Allegheny Financial Group LTD lifted its position in shares of FTI Consulting by 6.5% during the 2nd quarter. Allegheny Financial Group LTD now owns 1,182 shares of the business services provider’s stock valued at $255,000 after buying an additional 72 shares in the last quarter. UMB Bank n.a. increased its holdings in FTI Consulting by 76.6% in the 3rd quarter. UMB Bank n.a. now owns 166 shares of the business services provider’s stock worth $38,000 after acquiring an additional 72 shares in the last quarter. Truist Financial Corp raised its position in FTI Consulting by 2.1% during the second quarter. Truist Financial Corp now owns 3,757 shares of the business services provider’s stock worth $810,000 after acquiring an additional 76 shares during the period. Finally, Signaturefd LLC raised its position in FTI Consulting by 65.9% during the second quarter. Signaturefd LLC now owns 204 shares of the business services provider’s stock worth $44,000 after acquiring an additional 81 shares during the period. 99.36% of the stock is currently owned by institutional investors and hedge funds.

FTI Consulting Stock Performance

Shares of FCN opened at $198.67 on Monday. The stock has a 50 day moving average price of $207.15 and a 200 day moving average price of $215.59. FTI Consulting, Inc. has a one year low of $185.93 and a one year high of $243.60. The stock has a market capitalization of $7.14 billion, a price-to-earnings ratio of 22.84 and a beta of 0.12.

FTI Consulting (NYSE:FCN) last released 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). The business had revenue of $926.00 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the company earned $2.34 EPS. On average, analysts predict that FTI Consulting, Inc. will post 8.1 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on FCN shares. Truist Financial boosted their target price on shares of 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 upgraded FTI Consulting from a “hold” rating to a “buy” rating in a report on Saturday, November 2nd.

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.