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

Sei Investments Co. increased its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 97,705 shares of the business services provider’s stock after acquiring an additional 1,107 shares during the quarter. Sei Investments Co. owned about 0.27% of FTI Consulting worth $18,674,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 valued at $83,869,000 after purchasing an additional 8,032 shares during the last quarter. Isthmus Partners LLC bought a new position in FTI Consulting during the fourth quarter valued at approximately $447,000. Ieq Capital LLC grew its holdings in FTI Consulting by 214.4% during the 4th 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 in the last quarter. Dakota Wealth Management increased its stake in FTI Consulting by 570.2% in the 4th quarter. Dakota Wealth Management now owns 6,521 shares of the business services provider’s stock worth $1,246,000 after acquiring an additional 5,548 shares during the last quarter. Finally, Versor Investments LP purchased a new stake in shares of FTI Consulting during the 4th quarter worth approximately $688,000. Institutional investors own 99.36% of the company’s stock.

FTI Consulting Stock Performance

NYSE:FCN opened at $163.23 on Friday. The firm has a market capitalization of $5.86 billion, a PE ratio of 20.93 and a beta of 0.14. The stock’s fifty day moving average is $178.08 and its 200 day moving average is $197.18. FTI Consulting, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $243.60.

FTI Consulting (NYSE:FCN) last released its earnings results 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). The firm had revenue of $894.92 million during the quarter, compared to the consensus estimate of $913.70 million. FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. Equities analysts forecast that FTI Consulting, Inc. will post 8.55 EPS for the current year.

Analyst Ratings Changes

FCN has been the subject of a number of recent research reports. Truist Financial cut their target price on shares of FTI Consulting from $275.00 to $225.00 and set a “buy” rating for the company in a report on Friday, February 21st. StockNews.com upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a report on Thursday, March 20th. Finally, The Goldman Sachs Group lowered 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.

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.