Stephens Investment Management Group LLC Boosts Stake in FTI Consulting, Inc. (NYSE:FCN)

Stephens Investment Management Group LLC increased its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 7.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 475,036 shares of the business services provider's stock after acquiring an additional 34,144 shares during the period. FTI Consulting accounts for about 1.5% of Stephens Investment Management Group LLC's holdings, making the stock its 10th largest position. Stephens Investment Management Group LLC owned about 1.33% of FTI Consulting worth $108,099,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in FCN. Wealth Enhancement Advisory Services LLC boosted its stake in FTI Consulting by 8.6% during 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 purchasing an additional 701 shares during the period. Allspring Global Investments Holdings LLC boosted its stake 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 valued at $840,000 after purchasing an additional 279 shares during the period. Norden Group LLC bought a new stake in FTI Consulting during the 1st quarter valued at approximately $2,323,000. Van ECK Associates Corp boosted its stake in FTI Consulting by 36.5% during the 1st quarter. Van ECK Associates Corp now owns 12,106 shares of the business services provider's stock valued at $2,546,000 after purchasing an additional 3,238 shares during the period. Finally, Diversify Advisory Services LLC bought a new stake in FTI Consulting during the 1st quarter valued at approximately $922,000. Institutional investors and hedge funds own 99.36% of the company's stock.

FTI Consulting Stock Up 1.9 %

FCN stock traded up $3.61 during midday trading on Friday, reaching $198.69. 160,941 shares of the company's stock traded hands, compared to its average volume of 175,508. The company has a 50-day simple moving average of $221.67 and a two-hundred day simple moving average of $219.02. FTI Consulting, Inc. has a 1-year low of $185.93 and a 1-year high of $243.60. The company has a market cap of $7.14 billion, a price-to-earnings ratio of 22.70 and a beta of 0.10.

FTI Consulting (NYSE:FCN - Get Free Report) last released its 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). The firm had revenue of $926.00 million during the quarter, compared to analyst estimates of $946.16 million. FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. The firm's quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the business posted $2.34 earnings per share. Equities research analysts forecast that FTI Consulting, Inc. will post 8.1 EPS for the current year.

Analyst Upgrades and Downgrades

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