NewEdge Wealth LLC Sells 4,257 Shares of FTI Consulting, Inc. (NYSE:FCN)

NewEdge Wealth LLC lessened its stake in FTI Consulting, Inc. (NYSE:FCN) by 14.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,533 shares of the business services provider’s stock after selling 4,257 shares during the period. NewEdge Wealth LLC owned about 0.07% of FTI Consulting worth $4,689,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Prospera Private Wealth LLC bought a new stake in shares of FTI Consulting in the 3rd quarter valued at about $34,000. Wilmington Savings Fund Society FSB bought a new stake in shares of FTI Consulting in the 3rd quarter valued at about $35,000. Quarry LP grew 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 valued at $37,000 after buying an additional 125 shares during the last quarter. True Wealth Design LLC bought a new stake in shares of FTI Consulting in the 3rd quarter valued at about $38,000. Finally, UMB Bank n.a. grew its position in shares of FTI Consulting by 59.6% in the 4th quarter. UMB Bank n.a. now owns 265 shares of the business services provider’s stock valued at $51,000 after buying an additional 99 shares during the last quarter. Institutional investors own 99.36% of the company’s stock.

FTI Consulting Price Performance

Shares of FTI Consulting stock opened at $164.79 on Friday. FTI Consulting, Inc. has a one year low of $161.24 and a one year high of $243.60. The stock’s 50-day moving average is $189.50 and its 200 day moving average is $205.31. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 21.13 and a beta of 0.15.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $1.56 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.17). FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. The firm had revenue of $894.92 million for the quarter, compared to analyst estimates of $913.70 million. On average, sell-side analysts expect that FTI Consulting, Inc. will post 8.55 EPS for the current fiscal year.

Analyst Ratings Changes

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