Bessemer Group Inc. Has $66,000 Stake in FTI Consulting, Inc. (NYSE:FCN)

Bessemer Group Inc. lessened its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 41.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 346 shares of the business services provider’s stock after selling 241 shares during the quarter. Bessemer Group Inc.’s holdings in FTI Consulting were worth $66,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. CIBC Asset Management Inc raised its stake in shares of FTI Consulting by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 1,083 shares of the business services provider’s stock valued at $207,000 after acquiring an additional 55 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of FTI Consulting by 2.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,435 shares of the business services provider’s stock valued at $657,000 after purchasing an additional 85 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of FTI Consulting by 3.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 2,389 shares of the business services provider’s stock worth $457,000 after buying an additional 89 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of 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 period. Finally, Axxcess Wealth Management LLC grew its stake in FTI Consulting by 6.0% in the 4th quarter. Axxcess Wealth Management LLC now owns 1,820 shares of the business services provider’s stock valued at $348,000 after buying an additional 103 shares during the last quarter. 99.36% of the stock is currently owned by institutional investors and hedge funds.

FTI Consulting Stock Performance

Shares of FCN opened at $165.32 on Friday. The stock has a fifty day moving average price of $166.92 and a two-hundred day moving average price of $190.01. The company has a market cap of $5.94 billion, a price-to-earnings ratio of 21.19 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.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $1.56 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.17). The company had revenue of $894.92 million during the quarter, compared to analyst estimates of $913.70 million. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. As a group, research analysts predict that FTI Consulting, Inc. will post 8.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FCN has been the topic of several research analyst reports. StockNews.com downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Thursday, April 3rd. The Goldman Sachs Group decreased their price target on shares of 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 lowered shares of FTI Consulting from a “buy” rating to a “hold” rating and cut their price objective for the company from $225.00 to $178.00 in a research 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.