Fmr LLC Has $74.11 Million Position in FTI Consulting, Inc. (NYSE:FCN)

FMR LLC lifted its stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 13.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 325,680 shares of the business services provider's stock after acquiring an additional 38,977 shares during the quarter. FMR LLC owned approximately 0.91% of FTI Consulting worth $74,112,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of FCN. Prospera Private Wealth LLC bought a new stake in FTI Consulting during the third quarter worth about $34,000. UMB Bank n.a. raised its holdings in FTI Consulting by 76.6% during the third quarter. UMB Bank n.a. now owns 166 shares of the business services provider's stock worth $38,000 after acquiring an additional 72 shares in the last quarter. Signaturefd LLC raised its holdings in FTI Consulting by 65.9% during the second quarter. Signaturefd LLC now owns 204 shares of the business services provider's stock worth $44,000 after acquiring an additional 81 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in FTI Consulting by 284.1% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 242 shares of the business services provider's stock worth $52,000 after buying an additional 179 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. acquired a new position in FTI Consulting during the third quarter worth approximately $58,000. Institutional investors own 99.36% of the company's stock.

FTI Consulting Price Performance

NYSE FCN traded down $1.88 during trading on Friday, reaching $198.04. 197,309 shares of the company's stock were exchanged, compared to its average volume of 178,206. The business has a 50 day moving average price of $210.39 and a 200-day moving average price of $216.52. The stock has a market capitalization of $7.12 billion, a P/E ratio of 22.71 and a beta of 0.12. FTI Consulting, Inc. has a fifty-two week low of $185.93 and a fifty-two week high of $243.60.

FTI Consulting (NYSE:FCN - Get Free Report) last posted 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). FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. The firm had revenue of $926.00 million during the quarter, compared to analyst estimates of $946.16 million. During the same period in the previous year, the company posted $2.34 EPS. FTI Consulting's revenue for the quarter was up 3.7% compared to the same quarter last year. On average, analysts forecast that FTI Consulting, Inc. will post 8.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.