Sei Investments Co. Purchases 1,107 Shares of FTI Consulting, Inc. (NYSE:FCN)

Sei Investments Co. lifted its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 97,705 shares of the business services provider’s stock after buying an additional 1,107 shares during the quarter. Sei Investments Co.’s holdings in FTI Consulting were worth $18,674,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in FCN. Wilmington Savings Fund Society FSB purchased a new stake in FTI Consulting in the third quarter worth about $35,000. Quarry LP lifted its position in shares of FTI Consulting by 337.8% in the 3rd quarter. Quarry LP now owns 162 shares of the business services provider’s stock worth $37,000 after purchasing an additional 125 shares during the period. True Wealth Design LLC bought a new position in shares of FTI Consulting during the third quarter valued at approximately $38,000. Jones Financial Companies Lllp increased its holdings in 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 buying an additional 197 shares during the period. Finally, UMB Bank n.a. raised its stake 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 buying an additional 99 shares in the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. StockNews.com upgraded FTI Consulting from a “hold” rating to a “buy” rating in a report on Thursday, March 20th. The Goldman Sachs Group reduced their target price 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. Finally, Truist Financial decreased their price target on shares of FTI Consulting from $275.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, February 21st.

FTI Consulting Trading Up 0.5 %

Shares of FCN stock opened at $163.23 on Friday. The company has a market cap of $5.86 billion, a PE ratio of 20.93 and a beta of 0.14. FTI Consulting, Inc. has a 12-month low of $158.88 and a 12-month high of $243.60. The business’s fifty day simple moving average is $178.08 and its 200-day simple moving average is $197.18.

FTI Consulting (NYSE:FCN) last released 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). 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 during the quarter, compared to analysts’ expectations of $913.70 million. On average, equities analysts forecast that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

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.