NewEdge Wealth LLC Has $4.69 Million Stock Position in FTI Consulting, Inc. (NYSE:FCN)

NewEdge Wealth LLC cut its stake in FTI Consulting, Inc. (NYSE:FCN) by 14.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,533 shares of the business services provider’s stock after selling 4,257 shares during the quarter. NewEdge Wealth LLC’s holdings in FTI Consulting were worth $4,689,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mawer Investment Management Ltd. raised its stake in shares of FTI Consulting by 3.2% in the third quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider’s stock worth $891,201,000 after purchasing an additional 123,177 shares during the last quarter. State Street Corp raised its stake in shares of FTI Consulting by 2.7% in the third quarter. State Street Corp now owns 1,061,341 shares of the business services provider’s stock worth $241,519,000 after purchasing an additional 28,105 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of FTI Consulting by 2.4% in the third quarter. Geode Capital Management LLC now owns 685,762 shares of the business services provider’s stock worth $157,528,000 after purchasing an additional 16,171 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of FTI Consulting by 9,995.1% in the fourth quarter. Pacer Advisors Inc. now owns 518,687 shares of the business services provider’s stock worth $99,137,000 after purchasing an additional 513,549 shares during the last quarter. Finally, Stephens Investment Management Group LLC raised its stake in shares of FTI Consulting by 7.7% in the third quarter. Stephens Investment Management Group LLC now owns 475,036 shares of the business services provider’s stock worth $108,099,000 after purchasing an additional 34,144 shares during the last quarter. 99.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. StockNews.com downgraded FTI Consulting from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Truist Financial decreased their price target 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 decreased their price target on 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 Trading Up 0.4 %

Shares of FCN opened at $164.79 on Friday. The company has a market capitalization of $5.92 billion, a price-to-earnings ratio of 21.13 and a beta of 0.15. The stock has a 50 day moving average of $189.50 and a 200 day moving average of $205.31. FTI Consulting, Inc. has a 12 month low of $161.24 and a 12 month high of $243.60.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $1.56 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 analysts’ expectations of $913.70 million. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. As a group, equities research analysts predict that FTI Consulting, Inc. will post 8.55 earnings per share for the current 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.