Farringdon Capital Ltd. Buys Shares of 1,879 FTI Consulting, Inc. (NYSE:FCN)

Farringdon Capital Ltd. acquired a new position in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,879 shares of the business services provider's stock, valued at approximately $359,000.

Other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in FTI Consulting in the third quarter valued at approximately $35,000. Jones Financial Companies Lllp increased its stake in FTI Consulting by 394.0% during the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider's stock worth $47,000 after buying an additional 197 shares during the period. UMB Bank n.a. raised its stake in shares of FTI Consulting by 59.6% in the fourth quarter. UMB Bank n.a. now owns 265 shares of the business services provider's stock valued at $51,000 after acquiring an additional 99 shares in the last quarter. Versant Capital Management Inc raised its position in FTI Consulting by 51.4% in the 4th quarter. Versant Capital Management Inc now owns 471 shares of the business services provider's stock valued at $90,000 after purchasing an additional 160 shares in the last quarter. Finally, Covestor Ltd grew its holdings in FTI Consulting by 23.1% during the 4th quarter. Covestor Ltd now owns 708 shares of the business services provider's stock worth $135,000 after acquiring an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 99.36% of the company's stock.

FTI Consulting Price Performance

Shares of NYSE FCN traded down $0.36 during trading on Monday, hitting $164.91. 399,156 shares of the company were exchanged, compared to its average volume of 227,585. FTI Consulting, Inc. has a 1 year low of $151.75 and a 1 year high of $243.60. The firm's fifty day moving average price is $165.84 and its 200 day moving average price is $188.65. The company has a market cap of $5.92 billion, a price-to-earnings ratio of 21.14 and a beta of 0.21.

FTI Consulting (NYSE:FCN - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.17). The firm had revenue of $894.92 million for the quarter, compared to analyst estimates of $913.70 million. FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. On average, research analysts forecast that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Truist Financial cut FTI Consulting from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $225.00 to $178.00 in a research report on Wednesday, April 2nd. The Goldman Sachs Group dropped their price objective on shares of FTI Consulting from $194.00 to $173.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. Finally, StockNews.com cut FTI Consulting from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd.

FTI Consulting Company 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.