Barclays PLC Grows Stock Holdings in FTI Consulting, Inc. (NYSE:FCN)

Barclays PLC raised its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 160.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 25,929 shares of the business services provider's stock after acquiring an additional 15,986 shares during the period. Barclays PLC owned approximately 0.07% of FTI Consulting worth $5,901,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. boosted its holdings in FTI Consulting by 4.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,119 shares of the business services provider's stock worth $241,000 after purchasing an additional 52 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of FTI Consulting by 325.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 5,576 shares of the business services provider's stock worth $1,202,000 after buying an additional 4,266 shares during the last quarter. &PARTNERS purchased a new position in shares of FTI Consulting in the 2nd quarter worth $411,000. Bank of New York Mellon Corp grew its holdings in shares of FTI Consulting by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 299,670 shares of the business services provider's stock worth $64,588,000 after acquiring an additional 2,094 shares during the period. Finally, Callan Family Office LLC purchased a new stake in FTI Consulting during the second quarter valued at $291,000. Institutional investors own 99.36% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on FCN. 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. StockNews.com upgraded shares of FTI Consulting from a "hold" rating to a "buy" rating in a research note on Saturday, November 2nd.

FTI Consulting Stock Performance

Shares of FCN stock traded down $0.12 during mid-day trading on Friday, reaching $195.29. 1,570,177 shares of the company's stock traded hands, compared to its average volume of 186,161. FTI Consulting, Inc. has a 12 month low of $185.93 and a 12 month high of $243.60. The firm has a 50 day moving average price of $204.46 and a two-hundred day moving average price of $214.92. The firm has a market capitalization of $7.02 billion, a PE ratio of 22.45 and a beta of 0.12.

FTI Consulting (NYSE:FCN - Get Free Report) last released its quarterly earnings results 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). FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. The company had revenue of $926.00 million for the quarter, compared to the consensus estimate of $946.16 million. During the same period in the prior year, the firm posted $2.34 EPS. The business's revenue for the quarter was up 3.7% on a year-over-year basis. As a group, equities analysts expect that FTI Consulting, Inc. will post 8.1 earnings per share 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.