Pier Capital LLC Decreases Stake in FTI Consulting, Inc. (NYSE:FCN)

Pier Capital LLC trimmed its position in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 34.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,304 shares of the business services provider's stock after selling 14,116 shares during the quarter. Pier Capital LLC owned 0.07% of FTI Consulting worth $5,986,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. increased its position in FTI Consulting by 4.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,119 shares of the business services provider's stock valued at $241,000 after purchasing an additional 52 shares during the period. Allegheny Financial Group LTD increased its position in FTI Consulting by 6.5% during the 2nd quarter. Allegheny Financial Group LTD now owns 1,182 shares of the business services provider's stock valued at $255,000 after purchasing an additional 72 shares during the period. UMB Bank n.a. increased its position in FTI Consulting by 76.6% during the 3rd quarter. UMB Bank n.a. now owns 166 shares of the business services provider's stock valued at $38,000 after purchasing an additional 72 shares during the period. Truist Financial Corp increased its position in FTI Consulting by 2.1% during the 2nd quarter. Truist Financial Corp now owns 3,757 shares of the business services provider's stock valued at $810,000 after purchasing an additional 76 shares during the period. Finally, Signaturefd LLC increased its position in FTI Consulting by 65.9% during the 2nd quarter. Signaturefd LLC now owns 204 shares of the business services provider's stock valued at $44,000 after purchasing an additional 81 shares during the period. 99.36% of the stock is owned by hedge funds and other institutional investors.

FTI Consulting Stock Down 1.0 %

FCN traded down $1.92 during midday trading on Friday, hitting $198.00. 197,309 shares of the company traded hands, compared to its average volume of 185,085. The firm has a market capitalization of $7.12 billion, a PE ratio of 22.76 and a beta of 0.12. The company's 50-day moving average is $209.84 and its 200 day moving average is $216.23. FTI Consulting, Inc. has a 52 week low of $185.93 and a 52 week high of $243.60.

FTI Consulting (NYSE:FCN - Get Free Report) last released its earnings results on Thursday, October 24th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.21). FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. The firm had revenue of $926.00 million during the quarter, compared to analysts' expectations of $946.16 million. During the same period in the prior year, the company posted $2.34 earnings per share. The company's revenue was up 3.7% compared to the same quarter last year. On average, sell-side analysts predict that FTI Consulting, Inc. will post 8.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FCN has been the topic of a number of research analyst reports. Truist Financial boosted their price objective on shares of FTI Consulting from $255.00 to $275.00 and gave the company a "buy" rating in a research report on Wednesday, September 25th. StockNews.com raised shares of FTI Consulting from a "hold" rating to a "buy" rating in a research report on Saturday, November 2nd.

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.