Crossmark Global Holdings Inc. Increases Stake in FTI Consulting, Inc. (NYSE:FCN)

Crossmark Global Holdings Inc. raised its stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 176.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,454 shares of the business services provider's stock after buying an additional 4,120 shares during the period. Crossmark Global Holdings Inc.'s holdings in FTI Consulting were worth $1,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in shares of FTI Consulting by 76.6% in the third 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. Signaturefd LLC lifted its position in shares of 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 during the period. Covestor Ltd boosted its stake in shares of FTI Consulting by 76.4% during the first quarter. Covestor Ltd now owns 217 shares of the business services provider's stock valued at $46,000 after purchasing an additional 94 shares in the last quarter. Versant Capital Management Inc increased its holdings in FTI Consulting by 593.8% during the second quarter. Versant Capital Management Inc now owns 222 shares of the business services provider's stock valued at $48,000 after buying an additional 190 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake in FTI Consulting by 284.1% in 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 in the last quarter. 99.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Truist Financial increased their target price on FTI Consulting from $255.00 to $275.00 and gave the company a "buy" rating in a research report on Wednesday, September 25th. StockNews.com upgraded FTI Consulting from a "hold" rating to a "buy" rating in a research note on Saturday, November 2nd.

FTI Consulting Trading Down 2.0 %

Shares of NYSE:FCN traded down $3.91 during trading on Thursday, reaching $196.00. The stock had a trading volume of 220,606 shares, compared to its average volume of 177,398. The firm's 50-day simple moving average is $217.02 and its 200 day simple moving average is $218.38. FTI Consulting, Inc. has a one year low of $185.93 and a one year high of $243.60. The company has a market capitalization of $7.04 billion, a P/E ratio of 22.53 and a beta of 0.12.

FTI Consulting (NYSE:FCN - Get Free Report) last announced its earnings results on Thursday, October 24th. The business services provider reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.21). The firm 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%. FTI Consulting's revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business earned $2.34 earnings per share. Equities research analysts forecast 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.