FTI Consulting, Inc. (NYSE:FCN) Shares Bought by Diversify Wealth Management LLC

Diversify Wealth Management LLC grew its stake in FTI Consulting, Inc. (NYSE:FCN) by 18.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,603 shares of the business services provider’s stock after buying an additional 860 shares during the quarter. Diversify Wealth Management LLC’s holdings in FTI Consulting were worth $1,080,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Sei Investments Co. lifted its holdings in FTI Consulting by 4.3% in the second quarter. Sei Investments Co. now owns 110,336 shares of the business services provider’s stock valued at $23,782,000 after acquiring an additional 4,516 shares during the period. Raymond James & Associates increased its holdings in shares of FTI Consulting by 3.6% during the 3rd quarter. Raymond James & Associates now owns 143,305 shares of the business services provider’s stock valued at $32,610,000 after purchasing an additional 5,044 shares in the last quarter. Mawer Investment Management Ltd. lifted its stake in shares of FTI Consulting by 3.2% in the 3rd quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider’s stock valued at $891,201,000 after purchasing an additional 123,177 shares during the period. Montanaro Asset Management Ltd boosted its holdings in FTI Consulting by 11.1% during the third quarter. Montanaro Asset Management Ltd now owns 30,000 shares of the business services provider’s stock worth $6,827,000 after buying an additional 3,000 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its position in FTI Consulting by 176.5% during the third quarter. Crossmark Global Holdings Inc. now owns 6,454 shares of the business services provider’s stock valued at $1,469,000 after buying an additional 4,120 shares during the period. Hedge funds and other institutional investors own 99.36% of the company’s stock.

FTI Consulting Stock Down 1.7 %

FCN opened at $190.45 on Tuesday. The firm’s fifty day simple moving average is $196.71 and its two-hundred day simple moving average is $211.91. FTI Consulting, Inc. has a 52-week low of $185.93 and a 52-week high of $243.60. The company has a market cap of $6.84 billion, a price-to-earnings ratio of 21.89 and a beta of 0.14.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings results on Thursday, October 24th. The business services provider reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.21). FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. The company 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 business posted $2.34 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, research analysts forecast that FTI Consulting, Inc. will post 8.1 EPS for the current year.

Wall Street Analysts Forecast Growth

FCN has been the subject of a number of analyst reports. Truist Financial upped their price objective on shares of 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 upgraded FTI Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd.

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.