State Street Corp Acquires 28,105 Shares of FTI Consulting, Inc. (NYSE:FCN)

State Street Corp boosted its position in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,061,341 shares of the business services provider's stock after buying an additional 28,105 shares during the quarter. State Street Corp owned approximately 2.95% of FTI Consulting worth $241,519,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of FCN. SG Americas Securities LLC lifted its stake in shares of FTI Consulting by 298.4% in the 2nd 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 period. Wedmont Private Capital increased its stake in FTI Consulting by 11.5% in the 2nd quarter. Wedmont Private Capital now owns 1,346 shares of the business services provider's stock valued at $296,000 after buying an additional 139 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in FTI Consulting by 4.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,119 shares of the business services provider's stock worth $241,000 after buying an additional 52 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in FTI Consulting by 325.6% during the second quarter. Assenagon Asset Management S.A. now owns 5,576 shares of the business services provider's stock valued at $1,202,000 after purchasing an additional 4,266 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of FTI Consulting by 229.1% in the 2nd quarter. Blue Trust Inc. now owns 836 shares of the business services provider's stock valued at $176,000 after buying an additional 582 shares during the last quarter. 99.36% of the stock is currently owned by institutional investors.

FTI Consulting Stock Up 0.4 %

Shares of NYSE:FCN traded up $0.78 during trading on Thursday, reaching $199.72. 254,907 shares of the company traded hands, compared to its average volume of 179,031. The firm has a market capitalization of $7.18 billion, a PE ratio of 22.96 and a beta of 0.12. FTI Consulting, Inc. has a 52 week low of $185.93 and a 52 week high of $243.60. The company's 50 day moving average is $207.69 and its two-hundred day moving average is $215.73.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its quarterly earnings results 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 company 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 firm's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the firm earned $2.34 EPS. As a group, research analysts anticipate that FTI Consulting, Inc. will post 8.1 EPS for the current year.

Analysts Set New Price Targets

FCN has been the topic of several recent analyst reports. StockNews.com upgraded shares of FTI Consulting from a "hold" rating to a "buy" rating in a research note on Saturday, November 2nd. Truist Financial boosted their price target on FTI Consulting from $255.00 to $275.00 and gave the company a "buy" rating in a research note on Wednesday, September 25th.

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.