XTX Topco Ltd Invests $923,000 in FTI Consulting, Inc. (NYSE:FCN)

XTX Topco Ltd purchased a new stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,054 shares of the business services provider's stock, valued at approximately $923,000.

Several other institutional investors also recently bought and sold shares of FCN. Envestnet Portfolio Solutions Inc. boosted its stake in FTI Consulting by 4.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,119 shares of the business services provider's stock worth $241,000 after buying an additional 52 shares during the last quarter. Allegheny Financial Group LTD raised its position in FTI Consulting by 6.5% in the second quarter. Allegheny Financial Group LTD now owns 1,182 shares of the business services provider's stock valued at $255,000 after purchasing an additional 72 shares during the period. UMB Bank n.a. raised its position in FTI Consulting by 76.6% in the third quarter. UMB Bank n.a. now owns 166 shares of the business services provider's stock valued at $38,000 after purchasing an additional 72 shares during the period. Truist Financial Corp raised its holdings in shares of FTI Consulting by 2.1% in the 2nd quarter. Truist Financial Corp now owns 3,757 shares of the business services provider's stock valued at $810,000 after buying an additional 76 shares during the period. Finally, Signaturefd LLC raised its holdings in shares of FTI Consulting by 65.9% in the 2nd quarter. Signaturefd LLC now owns 204 shares of the business services provider's stock valued at $44,000 after buying an additional 81 shares during the period. 99.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FCN has been the topic of several research analyst reports. Truist Financial boosted their price objective on FTI Consulting from $255.00 to $275.00 and gave the company a "buy" rating in a report on Wednesday, September 25th. StockNews.com raised FTI Consulting from a "hold" rating to a "buy" rating in a research note on Saturday, November 2nd.

FTI Consulting Price Performance

Shares of FCN stock traded down $3.09 during trading hours on Wednesday, reaching $198.94. 200,655 shares of the company's stock were exchanged, compared to its average volume of 178,714. The company has a market cap of $7.15 billion, a P/E ratio of 23.22 and a beta of 0.12. The company's 50 day moving average is $208.73 and its two-hundred day moving average is $215.96. FTI Consulting, Inc. has a 1 year low of $185.93 and a 1 year high of $243.60.

FTI Consulting (NYSE:FCN - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.21). The firm had revenue of $926.00 million during the quarter, compared to analysts' expectations of $946.16 million. FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. The business's revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.34 earnings per share. As a group, analysts predict that FTI Consulting, Inc. will post 8.1 EPS for the current fiscal year.

About FTI Consulting

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.