Raymond James Financial Inc. Buys New Stake in FTI Consulting, Inc. (NYSE:FCN)

Raymond James Financial Inc. acquired a new stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 145,065 shares of the business services provider's stock, valued at approximately $27,726,000. Raymond James Financial Inc. owned approximately 0.40% of FTI Consulting as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Prospera Private Wealth LLC purchased a new position in shares of FTI Consulting during the third quarter valued at about $34,000. Wilmington Savings Fund Society FSB purchased a new position in FTI Consulting in the third quarter worth about $35,000. Quarry LP grew its position in FTI Consulting by 337.8% in the third quarter. Quarry LP now owns 162 shares of the business services provider's stock worth $37,000 after acquiring an additional 125 shares in the last quarter. True Wealth Design LLC purchased a new position in FTI Consulting in the third quarter worth about $38,000. Finally, Jones Financial Companies Lllp grew its position in FTI Consulting by 394.0% in the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider's stock worth $47,000 after acquiring an additional 197 shares in the last quarter. Hedge funds and other institutional investors own 99.36% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Truist Financial dropped their price target on FTI Consulting from $275.00 to $225.00 and set a "buy" rating for the company in a research report on Friday, February 21st. The Goldman Sachs Group decreased their price objective on shares of FTI Consulting from $194.00 to $173.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. Finally, StockNews.com downgraded shares of FTI Consulting from a "buy" rating to a "hold" rating in a research note on Friday, February 21st.

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FTI Consulting Stock Up 1.8 %

FCN stock traded up $2.99 during trading on Tuesday, hitting $166.64. 341,921 shares of the company's stock traded hands, compared to its average volume of 195,407. The firm has a market capitalization of $5.99 billion, a P/E ratio of 21.36 and a beta of 0.14. The business has a fifty day simple moving average of $183.12 and a two-hundred day simple moving average of $200.24. FTI Consulting, Inc. has a 1 year low of $158.92 and a 1 year high of $243.60.

FTI Consulting (NYSE:FCN - Get Free Report) last announced its quarterly earnings data 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 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%. On average, equities research analysts predict that FTI Consulting, Inc. will post 8.55 EPS for the current fiscal year.

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.