FTI Consulting, Inc. (NYSE:FCN) Position Cut by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lessened its position in FTI Consulting, Inc. (NYSE:FCN) by 11.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 88,559 shares of the business services provider’s stock after selling 11,818 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.25% of FTI Consulting worth $16,926,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of FCN. Wilmington Savings Fund Society FSB bought a new stake in shares of FTI Consulting during the third quarter valued at approximately $35,000. Quarry LP grew its stake in shares of FTI Consulting by 337.8% in the third quarter. Quarry LP now owns 162 shares of the business services provider’s stock worth $37,000 after purchasing an additional 125 shares in the last quarter. True Wealth Design LLC acquired a new position in shares of FTI Consulting during the third quarter valued at $38,000. Jones Financial Companies Lllp raised its stake 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 valued at $47,000 after purchasing an additional 197 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in FTI Consulting by 59.6% in 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 period. 99.36% of the stock is currently owned by institutional investors.

FTI Consulting Stock Down 0.7 %

Shares of NYSE FCN opened at $162.28 on Friday. FTI Consulting, Inc. has a 52-week low of $158.88 and a 52-week high of $243.60. The stock has a market capitalization of $5.83 billion, a price-to-earnings ratio of 20.80 and a beta of 0.14. The stock’s fifty day simple moving average is $177.51 and its 200 day simple moving average is $196.79.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $1.56 earnings per share (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 company had revenue of $894.92 million for the quarter, compared to analyst estimates of $913.70 million. As a group, analysts anticipate that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on FCN. StockNews.com upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. Truist Financial cut their target price on FTI Consulting from $275.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, The Goldman Sachs Group reduced their price objective on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a research report on Friday, February 21st.

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.