FTI Consulting, Inc. (NYSE:FCN) Holdings Boosted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its holdings in FTI Consulting, Inc. (NYSE:FCN) by 17.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,956 shares of the business services provider’s stock after purchasing an additional 10,721 shares during the period. Envestnet Asset Management Inc. owned approximately 0.20% of FTI Consulting worth $13,944,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Charles Schwab Investment Management Inc. raised its holdings in FTI Consulting by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 438,808 shares of the business services provider’s stock valued at $83,869,000 after buying an additional 8,032 shares in the last quarter. Isthmus Partners LLC acquired a new position in shares of FTI Consulting during the 4th quarter valued at about $447,000. Ieq Capital LLC raised its stake in shares of FTI Consulting by 214.4% in the 4th quarter. Ieq Capital LLC now owns 6,074 shares of the business services provider’s stock valued at $1,161,000 after acquiring an additional 4,142 shares in the last quarter. California Public Employees Retirement System lifted its holdings 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 purchasing an additional 4,853 shares during the last quarter. Finally, Dakota Wealth Management boosted its position in FTI Consulting by 570.2% during the fourth quarter. Dakota Wealth Management now owns 6,521 shares of the business services provider’s stock worth $1,246,000 after purchasing an additional 5,548 shares during the period. Institutional investors and hedge funds own 99.36% of the company’s stock.

FTI Consulting Stock Performance

NYSE FCN opened at $163.92 on Thursday. The stock has a market capitalization of $5.89 billion, a P/E ratio of 21.02 and a beta of 0.21. FTI Consulting, Inc. has a 52 week low of $151.75 and a 52 week high of $243.60. The stock has a fifty day moving average of $167.50 and a 200-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 (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.17). The company 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 research analysts forecast that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports 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 lowered their price target 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. Finally, Truist Financial cut FTI Consulting from a “buy” rating to a “hold” rating and cut their price objective for the stock from $225.00 to $178.00 in a research report on Wednesday, April 2nd.

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.