FTI Consulting, Inc. (NYSE:FCN) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC grew its stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 644.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,480 shares of the business services provider's stock after purchasing an additional 6,475 shares during the quarter. Cerity Partners LLC's holdings in FTI Consulting were worth $1,702,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Envestnet Portfolio Solutions Inc. lifted its holdings in FTI Consulting by 4.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,119 shares of the business services provider's stock valued at $241,000 after purchasing an additional 52 shares in the last quarter. Allegheny Financial Group LTD boosted its position in FTI Consulting by 6.5% during the second quarter. Allegheny Financial Group LTD now owns 1,182 shares of the business services provider's stock worth $255,000 after acquiring an additional 72 shares during the last quarter. UMB Bank n.a. grew its stake in FTI Consulting by 76.6% during the 3rd quarter. UMB Bank n.a. now owns 166 shares of the business services provider's stock valued at $38,000 after acquiring an additional 72 shares in the last quarter. Truist Financial Corp raised its holdings in 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 acquiring an additional 76 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in FTI Consulting by 65.9% in the 2nd quarter. Signaturefd LLC now owns 204 shares of the business services provider's stock worth $44,000 after purchasing an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 99.36% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on FCN shares. Truist Financial increased their price target 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 Stock Up 1.4 %

NYSE:FCN traded up $2.81 on Tuesday, hitting $204.66. The stock had a trading volume of 220,305 shares, compared to its average volume of 178,368. The company has a fifty day moving average price of $211.39 and a two-hundred day moving average price of $216.72. FTI Consulting, Inc. has a 1-year low of $185.93 and a 1-year high of $243.60. The stock has a market cap of $7.36 billion, a price-to-earnings ratio of 23.52 and a beta of 0.12.

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