True Wealth Design LLC Takes $38,000 Position in FTI Consulting, Inc. (NYSE:FCN)

True Wealth Design LLC acquired a new position in FTI Consulting, Inc. (NYSE:FCN) in the third quarter, Holdings Channel.com reports. The fund acquired 166 shares of the business services provider’s stock, valued at approximately $38,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Prospera Private Wealth LLC acquired a new stake in FTI Consulting in the third quarter worth about $34,000. UMB Bank n.a. boosted its stake in FTI Consulting by 76.6% in the 3rd quarter. UMB Bank n.a. now owns 166 shares of the business services provider’s stock worth $38,000 after purchasing an additional 72 shares in the last quarter. Signaturefd LLC grew 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 worth $44,000 after purchasing an additional 81 shares during the last quarter. Versant Capital Management Inc increased its stake in FTI Consulting by 593.8% during 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 in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. increased its stake in 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 valued at $52,000 after purchasing an additional 179 shares in the last quarter. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on FCN shares. 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 report on Wednesday, September 25th. StockNews.com upgraded FTI Consulting from a “hold” rating to a “buy” rating in a research note on Saturday, November 2nd.

FTI Consulting Trading Down 0.6 %

FCN opened at $202.52 on Monday. FTI Consulting, Inc. has a 12-month low of $185.93 and a 12-month high of $243.60. The firm has a 50 day moving average of $212.35 and a two-hundred day moving average of $217.04. The firm has a market capitalization of $7.28 billion, a PE ratio of 23.28 and a beta of 0.12.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $946.16 million. FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.34 EPS. As a group, analysts predict that FTI Consulting, Inc. will post 8.1 EPS for the current fiscal year.

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.