Quantbot Technologies LP purchased a new position in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,949 shares of the business services provider's stock, valued at approximately $671,000.
Several other large investors also recently modified their holdings of FCN. Mawer Investment Management Ltd. boosted its holdings in shares of FTI Consulting by 3.2% during the 3rd quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider's stock valued at $891,201,000 after buying an additional 123,177 shares in the last quarter. Dimensional Fund Advisors LP grew its position in FTI Consulting by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 692,044 shares of the business services provider's stock worth $149,164,000 after purchasing an additional 39,271 shares during the period. Stephens Investment Management Group LLC increased its position in FTI Consulting by 7.7% during the third quarter. Stephens Investment Management Group LLC now owns 475,036 shares of the business services provider's stock valued at $108,099,000 after acquiring an additional 34,144 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of FTI Consulting by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 430,776 shares of the business services provider's stock valued at $98,027,000 after purchasing an additional 7,804 shares during the last quarter. Finally, Greenvale Capital LLP boosted its stake in shares of FTI Consulting by 30.9% during the 2nd quarter. Greenvale Capital LLP now owns 360,000 shares of the business services provider's stock worth $77,591,000 after acquiring an additional 85,000 shares during the last quarter. 99.36% of the stock is currently owned by institutional investors and hedge funds.
FTI Consulting Trading Down 0.4 %
FTI Consulting stock traded down $0.76 during trading on Tuesday, hitting $201.09. The company had a trading volume of 68,042 shares, compared to its average volume of 177,664. The stock has a market cap of $7.23 billion, a price-to-earnings ratio of 23.19 and a beta of 0.12. FTI Consulting, Inc. has a 1-year low of $185.93 and a 1-year high of $243.60. The company's 50 day simple moving average is $211.84 and its 200-day simple moving average is $216.85.
FTI Consulting (NYSE:FCN - Get Free Report) last issued 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 firm had revenue of $926.00 million for the quarter, compared to analysts' expectations of $946.16 million. FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. The business's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.34 EPS. As a group, analysts forecast that FTI Consulting, Inc. will post 8.1 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of brokerages recently weighed in on FCN. Truist Financial upped their target price on shares of FTI Consulting from $255.00 to $275.00 and gave the stock a "buy" rating in a research report on Wednesday, September 25th. StockNews.com raised shares of FTI Consulting from a "hold" rating to a "buy" rating in a research note on Saturday, November 2nd.
Check Out Our Latest Stock Analysis on FCN
FTI Consulting Company Profile
(
Free Report)
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.
Further Reading
Before you consider FTI Consulting, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FTI Consulting wasn't on the list.
While FTI Consulting currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
