Raymond James & Associates Has $32.61 Million Stock Holdings in FTI Consulting, Inc. (NYSE:FCN)

Raymond James & Associates increased its position in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 3.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 143,305 shares of the business services provider's stock after purchasing an additional 5,044 shares during the quarter. Raymond James & Associates owned approximately 0.40% of FTI Consulting worth $32,610,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its stake in FTI Consulting by 8.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,882 shares of the business services provider's stock valued at $1,868,000 after acquiring an additional 701 shares in the last quarter. Capital Insight Partners LLC increased its position in FTI Consulting by 7.4% during the 1st quarter. Capital Insight Partners LLC now owns 12,372 shares of the business services provider's stock worth $2,602,000 after buying an additional 857 shares during the period. Strata Wealth Advisors LLC bought a new position in FTI Consulting during the 1st quarter worth $306,000. Congress Wealth Management LLC DE increased its position in FTI Consulting by 0.8% during the 1st quarter. Congress Wealth Management LLC DE now owns 42,577 shares of the business services provider's stock worth $8,954,000 after buying an additional 331 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in FTI Consulting by 7.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,995 shares of the business services provider's stock worth $840,000 after buying an additional 279 shares during the period. 99.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at FTI Consulting

In related news, Director Mark S. Bartlett sold 2,000 shares of the firm's stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $227.12, for a total value of $454,240.00. Following the sale, the director now directly owns 26,099 shares of the company's stock, valued at $5,927,604.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.51% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FCN. Truist Financial increased 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 raised FTI Consulting from a "hold" rating to a "buy" rating in a report on Thursday, July 25th.

FTI Consulting Price Performance

Shares of FCN traded down $27.96 during trading hours on Thursday, hitting $201.54. 858,113 shares of the company were exchanged, compared to its average volume of 171,133. The company has a market cap of $7.19 billion, a price-to-earnings ratio of 23.43 and a beta of 0.10. FTI Consulting, Inc. has a fifty-two week low of $182.67 and a fifty-two week high of $243.60. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.03. The firm's fifty day moving average is $224.17 and its 200 day moving average is $219.29.

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 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 analyst estimates of $946.16 million. FTI Consulting had a net margin of 8.90% and a return on equity of 16.34%. The business's quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the business earned $2.34 earnings per share. On average, equities analysts anticipate that FTI Consulting, Inc. will post 8.48 earnings per share for the current fiscal year.

FTI Consulting 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.