FTI Consulting, Inc. (NYSE:FCN) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its position in FTI Consulting, Inc. (NYSE:FCN) by 63.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,976 shares of the business services provider’s stock after purchasing an additional 1,538 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in FTI Consulting were worth $905,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FCN. Allspring Global Investments Holdings LLC raised its stake in FTI Consulting by 7.5% in 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 last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of FTI Consulting in the 1st quarter worth $2,780,000. Nordea Investment Management AB increased its stake in shares of FTI Consulting by 458.7% in the 1st quarter. Nordea Investment Management AB now owns 17,287 shares of the business services provider’s stock worth $3,652,000 after acquiring an additional 14,193 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of FTI Consulting in the 1st quarter worth $374,000. Finally, Mawer Investment Management Ltd. increased its stake in shares of FTI Consulting by 4.1% in the 1st quarter. Mawer Investment Management Ltd. now owns 3,810,200 shares of the business services provider’s stock worth $801,247,000 after acquiring an additional 149,722 shares during the last quarter. 99.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on FCN shares. StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a research note on Saturday. Truist Financial raised their target price on FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th.

FTI Consulting Trading Down 0.2 %

NYSE FCN opened at $199.02 on Wednesday. The stock has a market cap of $7.15 billion, a PE ratio of 22.88 and a beta of 0.12. FTI Consulting, Inc. has a twelve month low of $185.93 and a twelve month high of $243.60. The stock has a fifty day simple moving average of $220.25 and a 200-day simple moving average of $219.01.

FTI Consulting (NYSE:FCN) last released 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). The business had revenue of $926.00 million for the quarter, compared to analysts’ expectations of $946.16 million. FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.34 earnings per share. Research analysts predict that FTI Consulting, Inc. will post 8.1 EPS for the current year.

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.