Victory Capital Management Inc. Sells 261 Shares of FTI Consulting, Inc. (NYSE:FCN)

Victory Capital Management Inc. reduced its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 4.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,022 shares of the business services provider’s stock after selling 261 shares during the period. Victory Capital Management Inc.’s holdings in FTI Consulting were worth $677,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its position in shares of FTI Consulting by 83.8% during the third quarter. IFP Advisors Inc now owns 318 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 145 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of FTI Consulting by 120.4% during the second quarter. Van ECK Associates Corp now owns 410 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 224 shares in the last quarter. Destiny Wealth Partners LLC bought a new position in shares of FTI Consulting during the third quarter valued at about $56,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in FTI Consulting during the second quarter worth about $65,000. Finally, Samalin Investment Counsel LLC purchased a new stake in FTI Consulting during the second quarter worth about $68,000. 98.59% of the stock is currently owned by institutional investors.

A number of research firms recently issued reports on FCN. Truist raised their price objective on shares of FTI Consulting from $165.00 to $200.00 in a report on Tuesday. Truist Securities raised their price objective on shares of FTI Consulting from $165.00 to $200.00 in a report on Tuesday.

Shares of FTI Consulting stock opened at $151.30 on Friday. FTI Consulting, Inc. has a 1 year low of $105.07 and a 1 year high of $157.86. The firm has a market cap of $5.19 billion, a PE ratio of 21.19 and a beta of 0.39. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.96 and a quick ratio of 1.96. The company has a 50 day simple moving average of $148.90 and a two-hundred day simple moving average of $142.94.

FTI Consulting (NYSE:FCN) last announced its earnings results on Thursday, October 28th. The business services provider reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.54. FTI Consulting had a net margin of 9.26% and a return on equity of 17.52%. The business had revenue of $702.23 million during the quarter, compared to analyst estimates of $675.03 million. During the same period in the previous year, the business posted $1.54 earnings per share. FTI Consulting’s revenue for the quarter was up 12.9% on a year-over-year basis. As a group, research analysts anticipate that FTI Consulting, Inc. will post 6.66 earnings per share for the current year.

FTI Consulting Profile

FTI Consulting, Inc engages in the provision of financial, legal, operational, political and regulatory, reputational and transactional advisory services. It operates through the following segments: Corporate Finance and Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications.

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Institutional Ownership by Quarter for FTI Consulting (NYSE:FCN)

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