FTI Consulting (NYSE:FCN) Trading Down 2.5% - Here's What Happened

FTI Consulting, Inc. (NYSE:FCN - Get Free Report) was down 2.5% during trading on Wednesday . The company traded as low as $190.90 and last traded at $192.01. Approximately 34,223 shares were traded during trading, a decline of 77% from the average daily volume of 151,041 shares. The stock had previously closed at $197.01.

Analysts Set New Price Targets

Several research firms recently weighed in on FCN. StockNews.com upgraded FTI Consulting from a "hold" rating to a "buy" rating in a report on Saturday, November 2nd. Truist Financial boosted their price objective on shares of FTI Consulting from $255.00 to $275.00 and gave the stock a "buy" rating in a research note on Wednesday, September 25th.

FTI Consulting Price Performance

The firm has a market capitalization of $6.94 billion, a P/E ratio of 22.18 and a beta of 0.14. The business has a 50 day moving average price of $197.46 and a 200 day moving average price of $212.45.

FTI Consulting (NYSE:FCN - Get Free Report) last issued its quarterly 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 return on equity of 14.79% and a net margin of 8.37%. The business had revenue of $926.00 million during the quarter, compared to the consensus estimate of $946.16 million. During the same period in the prior year, the firm earned $2.34 earnings per share. The business's quarterly revenue was up 3.7% on a year-over-year basis. As a group, equities analysts expect that FTI Consulting, Inc. will post 8.1 EPS for the current year.

Institutional Trading of FTI Consulting

Hedge funds have recently bought and sold shares of the stock. Mawer Investment Management Ltd. increased 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 purchasing an additional 123,177 shares during the period. State Street Corp increased its stake in FTI Consulting by 2.7% during the third quarter. State Street Corp now owns 1,061,341 shares of the business services provider's stock valued at $241,519,000 after acquiring an additional 28,105 shares during the period. Dimensional Fund Advisors LP raised its holdings in FTI Consulting by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 692,044 shares of the business services provider's stock valued at $149,164,000 after acquiring an additional 39,271 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of FTI Consulting by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 685,762 shares of the business services provider's stock worth $157,528,000 after acquiring an additional 16,171 shares during the period. Finally, Stephens Investment Management Group LLC grew its holdings in shares of FTI Consulting by 7.7% during the 3rd quarter. Stephens Investment Management Group LLC now owns 475,036 shares of the business services provider's stock worth $108,099,000 after purchasing an additional 34,144 shares in the last quarter. 99.36% of the stock is owned by institutional investors.

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.