Quantinno Capital Management LP Purchases 14,351 Shares of FTI Consulting, Inc. (NYSE:FCN)

Quantinno Capital Management LP boosted its holdings in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 79.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,367 shares of the business services provider's stock after purchasing an additional 14,351 shares during the period. Quantinno Capital Management LP owned about 0.09% of FTI Consulting worth $7,365,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FCN. Mawer Investment Management Ltd. grew its holdings in shares of FTI Consulting by 3.2% during the 3rd quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider's stock worth $891,201,000 after acquiring an additional 123,177 shares during the period. CWA Asset Management Group LLC purchased a new position in shares of FTI Consulting during the 3rd quarter worth approximately $23,351,000. American Century Companies Inc. grew its holdings in shares of FTI Consulting by 76.3% during 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. Greenvale Capital LLP grew its holdings in shares of FTI Consulting by 30.9% during the 2nd quarter. Greenvale Capital LLP now owns 360,000 shares of the business services provider's stock worth $77,591,000 after acquiring an additional 85,000 shares during the period. Finally, Mountain Pacific Investment Advisers LLC grew its holdings in shares of FTI Consulting by 563.7% during the 3rd quarter. Mountain Pacific Investment Advisers LLC now owns 66,373 shares of the business services provider's stock worth $15,104,000 after acquiring an additional 56,373 shares during the period. Hedge funds and other institutional investors own 99.36% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on FCN. Truist Financial upped their target price on FTI Consulting from $255.00 to $275.00 and gave the stock a "buy" rating in a 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 Stock Performance

Shares of FTI Consulting stock traded down $1.92 during midday trading on Friday, hitting $198.00. The company had a trading volume of 197,309 shares, compared to its average volume of 185,085. The stock has a market capitalization of $7.12 billion, a P/E ratio of 22.76 and a beta of 0.12. The company has a 50 day moving average of $209.84 and a 200 day moving average of $216.34. FTI Consulting, Inc. has a 52-week low of $185.93 and a 52-week high of $243.60.

FTI Consulting (NYSE:FCN - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.21). The business had revenue of $926.00 million during the quarter, compared to the consensus estimate of $946.16 million. FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. The business's revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company posted $2.34 earnings per share. Equities research analysts forecast that FTI Consulting, Inc. will post 8.1 EPS for the current year.

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.