Congress Asset Management Co. Purchases 8,736 Shares of FTI Consulting, Inc. (NYSE:FCN)

Congress Asset Management Co. boosted its stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 4.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,370 shares of the business services provider's stock after buying an additional 8,736 shares during the quarter. Congress Asset Management Co. owned approximately 0.59% of FTI Consulting worth $48,099,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Envestnet Portfolio Solutions Inc. lifted its stake in shares of FTI Consulting by 4.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,119 shares of the business services provider's stock valued at $241,000 after acquiring an additional 52 shares during the period. Allegheny Financial Group LTD increased its holdings in shares of FTI Consulting by 6.5% in the second quarter. Allegheny Financial Group LTD now owns 1,182 shares of the business services provider's stock worth $255,000 after acquiring an additional 72 shares in the last quarter. UMB Bank n.a. increased 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 acquiring an additional 72 shares in the last quarter. Truist Financial Corp raised its position in FTI Consulting by 2.1% in the 2nd quarter. Truist Financial Corp now owns 3,757 shares of the business services provider's stock valued at $810,000 after buying an additional 76 shares during the last quarter. Finally, Signaturefd LLC raised its position in FTI Consulting by 65.9% in the 2nd quarter. Signaturefd LLC now owns 204 shares of the business services provider's stock valued at $44,000 after buying an additional 81 shares during the last quarter. Institutional investors and hedge funds own 99.36% of the company's stock.

FTI Consulting Price Performance

FCN traded down $5.66 on Thursday, reaching $195.08. The stock had a trading volume of 174,204 shares, compared to its average volume of 175,577. FTI Consulting, Inc. has a fifty-two week low of $185.93 and a fifty-two week high of $243.60. The firm has a 50-day moving average of $222.23 and a 200-day moving average of $219.18. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $7.01 billion, a price-to-earnings ratio of 22.63 and a beta of 0.10.

FTI Consulting (NYSE:FCN - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The business services provider reported $1.85 EPS for the quarter, missing analysts' consensus estimates of $2.06 by ($0.21). FTI Consulting had a net margin of 8.90% and a return on equity of 16.34%. The company had revenue of $926.00 million during the quarter, compared to the consensus estimate of $946.16 million. During the same quarter last year, the firm posted $2.34 EPS. The company's quarterly revenue was up 3.7% on a year-over-year basis. As a group, sell-side analysts anticipate that FTI Consulting, Inc. will post 8.48 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. StockNews.com downgraded FTI Consulting from a "buy" rating to a "hold" rating in a research note on Friday, October 25th. Truist Financial boosted their price target on FTI Consulting from $255.00 to $275.00 and gave the company a "buy" rating in a research note on Wednesday, September 25th.

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.