FTI Consulting, Inc. (NYSE:FCN) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 1.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 430,776 shares of the business services provider's stock after purchasing an additional 7,804 shares during the period. Charles Schwab Investment Management Inc. owned about 1.20% of FTI Consulting worth $98,027,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Sei Investments Co. increased its stake in FTI Consulting by 4.3% during the second quarter. Sei Investments Co. now owns 110,336 shares of the business services provider's stock valued at $23,782,000 after purchasing an additional 4,516 shares during the last quarter. DB Fitzpatrick & Co Inc increased its stake in FTI Consulting by 135.1% during the second quarter. DB Fitzpatrick & Co Inc now owns 5,931 shares of the business services provider's stock valued at $1,278,000 after purchasing an additional 3,408 shares during the last quarter. SG Americas Securities LLC increased its stake in FTI Consulting by 298.4% during the second quarter. SG Americas Securities LLC now owns 4,060 shares of the business services provider's stock valued at $875,000 after purchasing an additional 3,041 shares during the last quarter. Bayesian Capital Management LP bought a new position in shares of FTI Consulting during the first quarter worth about $673,000. Finally, American Century Companies Inc. increased its holdings in shares of FTI Consulting by 76.3% in the 2nd quarter. American Century Companies Inc. now owns 224,744 shares of the business services provider's stock worth $48,439,000 after acquiring an additional 97,244 shares during the period. Institutional investors own 99.36% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. StockNews.com raised shares of FTI Consulting from a "hold" rating to a "buy" rating in a report on Saturday, November 2nd. Truist Financial increased their price objective on shares of FTI Consulting from $255.00 to $275.00 and gave the stock a "buy" rating in a report on Wednesday, September 25th.

FTI Consulting Price Performance

Shares of FCN stock traded down $0.06 during trading hours on Wednesday, reaching $203.74. The stock had a trading volume of 129,227 shares, compared to its average volume of 178,565. The firm has a market capitalization of $7.32 billion, a PE ratio of 23.43 and a beta of 0.12. The firm has a 50-day simple moving average of $213.65 and a 200-day simple moving average of $217.40. FTI Consulting, Inc. has a twelve month low of $185.93 and a twelve month high of $243.60.

FTI Consulting (NYSE:FCN - Get Free Report) last released its earnings results on Thursday, October 24th. The business services provider reported $1.85 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.21). The company had revenue of $926.00 million for 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 firm's quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.34 EPS. On average, equities 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.