Mutual of America Capital Management LLC Sells 1,016 Shares of FTI Consulting, Inc. (NYSE:FCN)

Mutual of America Capital Management LLC reduced its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 5.1% during the third quarter, HoldingsChannel.com reports. The fund owned 19,069 shares of the business services provider’s stock after selling 1,016 shares during the quarter. Mutual of America Capital Management LLC’s holdings in FTI Consulting were worth $4,339,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Sei Investments Co. lifted its holdings in FTI Consulting by 4.3% during the second quarter. Sei Investments Co. now owns 110,336 shares of the business services provider’s stock worth $23,782,000 after acquiring an additional 4,516 shares during the period. DB Fitzpatrick & Co Inc lifted its holdings in FTI Consulting by 135.1% during the second quarter. DB Fitzpatrick & Co Inc now owns 5,931 shares of the business services provider’s stock worth $1,278,000 after acquiring an additional 3,408 shares during the period. SG Americas Securities LLC lifted its holdings in FTI Consulting by 298.4% during the second quarter. SG Americas Securities LLC now owns 4,060 shares of the business services provider’s stock worth $875,000 after acquiring an additional 3,041 shares during the period. Bayesian Capital Management LP bought a new stake in FTI Consulting during the first quarter worth $673,000. Finally, American Century Companies Inc. lifted its holdings in FTI Consulting by 76.3% during the second quarter. American Century Companies Inc. now owns 224,744 shares of the business services provider’s stock worth $48,439,000 after acquiring an additional 97,244 shares during the period. 99.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on FCN shares. StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd. Truist Financial raised their target price on FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th.

FTI Consulting Stock Performance

Shares of NYSE FCN opened at $198.67 on Friday. The stock has a market cap of $7.14 billion, a PE ratio of 22.83 and a beta of 0.12. FTI Consulting, Inc. has a fifty-two week low of $185.93 and a fifty-two week high of $243.60. The stock has a fifty day moving average of $215.28 and a 200-day moving average of $217.92.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.21). The business had revenue of $926.00 million for the quarter, compared to the consensus estimate of $946.16 million. FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. FTI Consulting’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.34 EPS. On average, sell-side analysts predict that FTI Consulting, Inc. will post 8.1 EPS for the current year.

FTI Consulting Company 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.