Laurus Investment Counsel Inc. Raises Holdings in FTI Consulting, Inc. (NYSE:FCN)

Laurus Investment Counsel Inc. grew its position in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 34.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,300 shares of the business services provider's stock after acquiring an additional 4,640 shares during the quarter. FTI Consulting comprises about 2.2% of Laurus Investment Counsel Inc.'s portfolio, making the stock its 12th largest position. Laurus Investment Counsel Inc. owned 0.05% of FTI Consulting worth $4,164,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. grew 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 worth $38,000 after purchasing an additional 72 shares during the last quarter. Signaturefd LLC increased its position in shares of FTI Consulting by 65.9% during the second quarter. Signaturefd LLC now owns 204 shares of the business services provider's stock worth $44,000 after acquiring an additional 81 shares during the period. Covestor Ltd increased its position 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 worth $46,000 after acquiring an additional 94 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in shares of FTI Consulting by 494.6% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 220 shares of the business services provider's stock valued at $46,000 after acquiring an additional 183 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in shares of FTI Consulting by 593.8% in the second quarter. Versant Capital Management Inc now owns 222 shares of the business services provider's stock valued at $48,000 after purchasing an additional 190 shares during the period. Institutional investors own 99.36% of the company's stock.

Insider Buying and Selling at FTI Consulting

In other FTI Consulting news, Director Mark S. Bartlett sold 2,000 shares of FTI Consulting stock in a transaction on Friday, July 26th. The shares were sold at an average price of $227.12, for a total value of $454,240.00. Following the transaction, the director now directly owns 26,099 shares of the company's stock, valued at approximately $5,927,604.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.51% of the company's stock.

FTI Consulting Stock Down 0.6 %

NYSE:FCN traded down $1.35 during trading hours on Friday, reaching $228.36. The company's stock had a trading volume of 94,436 shares, compared to its average volume of 167,542. The stock has a 50 day moving average price of $223.88 and a two-hundred day moving average price of $218.74. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.20 and a current ratio of 2.20. The company has a market capitalization of $8.15 billion, a P/E ratio of 26.55 and a beta of 0.10. FTI Consulting, Inc. has a 12 month low of $181.25 and a 12 month high of $243.60.

FTI Consulting (NYSE:FCN - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The business services provider reported $2.34 EPS for the quarter, topping the consensus estimate of $2.02 by $0.32. FTI Consulting had a return on equity of 16.34% and a net margin of 8.90%. The firm had revenue of $949.16 million during the quarter, compared to analyst estimates of $938.67 million. During the same period in the previous year, the company posted $1.75 EPS. The business's revenue for the quarter was up 9.8% compared to the same quarter last year. Equities analysts predict that FTI Consulting, Inc. will post 8.48 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. StockNews.com raised FTI Consulting from a "hold" rating to a "buy" rating in a research report on Thursday, July 25th. William Blair restated an "outperform" rating on shares of FTI Consulting in a report on Tuesday, June 25th. Finally, Truist Financial increased their target price on shares of FTI Consulting from $255.00 to $275.00 and gave the stock a "buy" rating in a report 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.