Axiom Investors LLC DE Sells 32,579 Shares of FTI Consulting, Inc. (NYSE:FCN)

Axiom Investors LLC DE reduced its stake in FTI Consulting, Inc. (NYSE:FCN) by 50.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,214 shares of the business services provider’s stock after selling 32,579 shares during the period. Axiom Investors LLC DE owned 0.09% of FTI Consulting worth $6,157,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its holdings in FTI Consulting by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 438,808 shares of the business services provider’s stock worth $83,869,000 after purchasing an additional 8,032 shares during the period. Isthmus Partners LLC purchased a new position in shares of FTI Consulting during the fourth quarter valued at $447,000. Ieq Capital LLC increased its stake in shares of FTI Consulting by 214.4% during the fourth quarter. Ieq Capital LLC now owns 6,074 shares of the business services provider’s stock valued at $1,161,000 after buying an additional 4,142 shares during the period. Dakota Wealth Management raised its holdings in shares of FTI Consulting by 570.2% in the fourth quarter. Dakota Wealth Management now owns 6,521 shares of the business services provider’s stock valued at $1,246,000 after acquiring an additional 5,548 shares in the last quarter. Finally, Versor Investments LP purchased a new stake in FTI Consulting in the fourth quarter worth about $688,000. 99.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on FCN shares. The Goldman Sachs Group reduced their price target 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. StockNews.com upgraded FTI Consulting from a “hold” rating to a “buy” rating in a report on Thursday, March 20th. Finally, Truist Financial cut their price target on FTI Consulting from $275.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, February 21st.

FTI Consulting Stock Down 0.7 %

NYSE FCN opened at $162.28 on Monday. The firm has a market cap of $5.83 billion, a PE ratio of 20.80 and a beta of 0.14. FTI Consulting, Inc. has a 52 week low of $158.88 and a 52 week high of $243.60. The company has a 50 day moving average price of $177.51 and a 200 day moving average price of $196.48.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings data 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 net margin of 7.57% and a return on equity of 13.15%. The business had revenue of $894.92 million for the quarter, compared to analysts’ expectations of $913.70 million. On average, equities research analysts anticipate that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

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.