Torray Investment Partners LLC Makes New Investment in FTI Consulting, Inc. (NYSE:FCN)

Torray Investment Partners LLC acquired a new position in shares of FTI Consulting, Inc. (NYSE:FCN) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 5,885 shares of the business services provider’s stock, valued at approximately $1,125,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its position in FTI Consulting by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 438,808 shares of the business services provider’s stock worth $83,869,000 after purchasing an additional 8,032 shares during the period. Jones Financial Companies Lllp boosted its position in shares of FTI Consulting by 394.0% in the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 197 shares during the period. Versor Investments LP bought a new stake in shares of FTI Consulting in the fourth quarter valued at about $688,000. Proficio Capital Partners LLC bought a new stake in shares of FTI Consulting in the fourth quarter valued at about $2,192,000. Finally, Millington Financial Advisors LLC boosted its position in shares of FTI Consulting by 12.8% in the fourth quarter. Millington Financial Advisors LLC now owns 8,416 shares of the business services provider’s stock valued at $1,633,000 after acquiring an additional 953 shares during the period. 99.36% of the stock is owned by institutional investors.

FTI Consulting Stock Down 0.6 %

FCN opened at $164.65 on Tuesday. FTI Consulting, Inc. has a twelve month low of $161.24 and a twelve month high of $243.60. The company has a 50-day simple moving average of $188.91 and a 200 day simple moving average of $204.74. The stock has a market capitalization of $5.91 billion, a price-to-earnings ratio of 21.11 and a beta of 0.15.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $1.56 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.17). FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. The firm had revenue of $894.92 million for the quarter, compared to the consensus estimate of $913.70 million. Sell-side analysts anticipate that FTI Consulting, Inc. will post 8.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FCN has been the subject of a number of recent research reports. Truist Financial reduced their target price on shares of FTI Consulting from $275.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, February 21st. The Goldman Sachs Group reduced their target price on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Finally, StockNews.com cut shares of FTI Consulting from a “buy” rating to a “hold” rating in a research report on Friday, February 21st.

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.