Impact Capital Partners LLC Invests $970,000 in FTI Consulting, Inc. (NYSE:FCN)

Impact Capital Partners LLC purchased a new stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,077 shares of the business services provider's stock, valued at approximately $970,000.

A number of other hedge funds also recently bought and sold shares of the business. Swiss National Bank boosted its position in FTI Consulting by 1.3% during the 4th quarter. Swiss National Bank now owns 70,600 shares of the business services provider's stock valued at $13,494,000 after acquiring an additional 900 shares in the last quarter. Farther Finance Advisors LLC boosted its position in FTI Consulting by 12.7% during the 4th quarter. Farther Finance Advisors LLC now owns 2,456 shares of the business services provider's stock valued at $469,000 after acquiring an additional 276 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in FTI Consulting by 3.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 2,389 shares of the business services provider's stock valued at $457,000 after acquiring an additional 89 shares in the last quarter. HighTower Advisors LLC boosted its position in FTI Consulting by 8.7% during the 4th quarter. HighTower Advisors LLC now owns 3,256 shares of the business services provider's stock valued at $622,000 after acquiring an additional 260 shares in the last quarter. Finally, Wealthfront Advisers LLC bought a new stake in FTI Consulting during the 4th quarter valued at approximately $8,572,000. Hedge funds and other institutional investors own 99.36% of the company's stock.

FTI Consulting Stock Up 0.7 %

FCN traded up $1.10 during mid-day trading on Monday, reaching $163.80. 276,306 shares of the company traded hands, compared to its average volume of 194,843. The stock has a market capitalization of $5.88 billion, a P/E ratio of 21.00 and a beta of 0.14. The company's fifty day moving average price is $183.64 and its 200-day moving average price is $200.67. FTI Consulting, Inc. has a 52-week low of $158.92 and a 52-week high of $243.60.

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FTI Consulting (NYSE:FCN - Get Free Report) last announced its earnings results on Thursday, February 20th. The business services provider reported $1.56 earnings per share for the quarter, missing analysts' consensus estimates of $1.73 by ($0.17). The company had revenue of $894.92 million for the quarter, compared to analysts' expectations of $913.70 million. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. As a group, sell-side analysts forecast that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Truist Financial cut their price objective on FTI Consulting from $275.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. The Goldman Sachs Group cut their price objective on FTI Consulting from $194.00 to $173.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Finally, StockNews.com cut FTI Consulting from a "buy" rating to a "hold" rating in a research report on Friday, February 21st.

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.