Thrivent Financial for Lutherans Sells 188 Shares of FTI Consulting, Inc. (NYSE:FCN)

Thrivent Financial for Lutherans cut its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 2.2% during the third quarter, Holdings Channel.com reports. The fund owned 8,288 shares of the business services provider’s stock after selling 188 shares during the period. Thrivent Financial for Lutherans’ holdings in FTI Consulting were worth $1,886,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. UMB Bank n.a. increased its holdings in shares of FTI Consulting by 76.6% in the 3rd quarter. UMB Bank n.a. now owns 166 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 72 shares during the period. Signaturefd LLC lifted its holdings 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 purchasing an additional 81 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of FTI Consulting by 593.8% in the 2nd quarter. Versant Capital Management Inc now owns 222 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 190 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in shares of FTI Consulting by 284.1% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 242 shares of the business services provider’s stock worth $52,000 after purchasing an additional 179 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in FTI Consulting in the 3rd quarter valued at about $58,000. Institutional investors own 99.36% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Truist Financial increased their price target 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 shares of FTI Consulting from a “hold” rating to a “buy” rating in a research note on Saturday, November 2nd.

FTI Consulting Stock Performance

NYSE:FCN opened at $203.72 on Friday. The stock has a market cap of $7.32 billion, a P/E ratio of 23.42 and a beta of 0.12. FTI Consulting, Inc. has a 1 year low of $185.93 and a 1 year high of $243.60. The stock has a 50-day simple moving average of $213.27 and a 200-day simple moving average of $217.31.

FTI Consulting (NYSE:FCN) last issued 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 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 analyst estimates of $946.16 million. During the same quarter in the previous year, the company posted $2.34 EPS. The company’s quarterly revenue was up 3.7% on a year-over-year basis. On average, equities research analysts predict that FTI Consulting, Inc. will post 8.1 EPS for the current year.

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.