O Shaughnessy Asset Management LLC Invests $241,000 in FTI Consulting, Inc. (NYSE:FCN)

O Shaughnessy Asset Management LLC purchased a new stake in shares of FTI Consulting, Inc. (NYSE:FCN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,263 shares of the business services provider’s stock, valued at approximately $241,000.

A number of other hedge funds also recently added to or reduced their stakes in FCN. Charles Schwab Investment Management Inc. increased its holdings in shares of FTI Consulting by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 438,808 shares of the business services provider’s stock worth $83,869,000 after purchasing an additional 8,032 shares in the last quarter. Isthmus Partners LLC bought a new stake in FTI Consulting in the 4th quarter worth about $447,000. Ieq Capital LLC increased its holdings in FTI Consulting by 214.4% in the 4th quarter. Ieq Capital LLC now owns 6,074 shares of the business services provider’s stock worth $1,161,000 after buying an additional 4,142 shares in the last quarter. California Public Employees Retirement System raised its position in FTI Consulting by 3.4% in the 4th quarter. California Public Employees Retirement System now owns 146,858 shares of the business services provider’s stock worth $28,069,000 after buying an additional 4,853 shares during the last quarter. Finally, Dakota Wealth Management lifted its stake in FTI Consulting by 570.2% during the 4th quarter. Dakota Wealth Management now owns 6,521 shares of the business services provider’s stock valued at $1,246,000 after acquiring an additional 5,548 shares during the period. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

FTI Consulting Stock Up 2.5 %

Shares of NYSE:FCN opened at $164.46 on Friday. The stock has a market capitalization of $5.91 billion, a PE ratio of 21.08 and a beta of 0.21. The firm’s 50 day moving average price is $169.21 and its 200-day moving average price is $191.46. FTI Consulting, Inc. has a twelve month low of $151.75 and a twelve month high of $243.60.

FTI Consulting (NYSE:FCN) last announced its 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%. Analysts expect that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FCN. StockNews.com lowered shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Thursday, April 3rd. The Goldman Sachs Group cut their target price 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. Finally, Truist Financial cut FTI Consulting from a “buy” rating to a “hold” rating and lowered 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.