FTI Consulting, Inc. (NYSE:FCN) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 47.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,700 shares of the business services provider’s stock after acquiring an additional 18,600 shares during the period. Renaissance Technologies LLC’s holdings in FTI Consulting were worth $11,028,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FCN. Wilmington Savings Fund Society FSB acquired a new stake in shares of FTI Consulting during the third quarter worth $35,000. Jones Financial Companies Lllp boosted its position in FTI Consulting by 394.0% during the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 197 shares during the period. UMB Bank n.a. grew its stake in FTI Consulting by 59.6% during the 4th 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 during the last quarter. Versant Capital Management Inc increased its position in FTI Consulting by 51.4% in the fourth quarter. Versant Capital Management Inc now owns 471 shares of the business services provider’s stock worth $90,000 after buying an additional 160 shares during the period. Finally, Venturi Wealth Management LLC lifted its stake in FTI Consulting by 127.5% in the fourth quarter. Venturi Wealth Management LLC now owns 762 shares of the business services provider’s stock valued at $146,000 after buying an additional 427 shares during the last quarter. 99.36% of the stock is currently owned by institutional investors.

FTI Consulting Trading Down 0.7 %

Shares of NYSE FCN opened at $163.92 on Thursday. The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of 21.02 and a beta of 0.21. FTI Consulting, Inc. has a twelve month low of $151.75 and a twelve month high of $243.60. The firm has a 50-day moving average of $167.50 and a two-hundred day moving average of $190.44.

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 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 analyst estimates of $913.70 million. As a group, research analysts predict that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. 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 research report on Friday, February 21st. StockNews.com cut shares of FTI Consulting from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Finally, Truist Financial cut FTI Consulting from a “buy” rating to a “hold” rating and cut their price target for the company from $225.00 to $178.00 in a report on Wednesday, April 2nd.

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.