Swiss National Bank Purchases 900 Shares of FTI Consulting, Inc. (NYSE:FCN)

Swiss National Bank increased its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 70,600 shares of the business services provider’s stock after buying an additional 900 shares during the quarter. Swiss National Bank owned 0.20% of FTI Consulting worth $13,494,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position in shares of FTI Consulting by 12.7% during the fourth quarter. Farther Finance Advisors LLC now owns 2,456 shares of the business services provider’s stock worth $469,000 after purchasing an additional 276 shares during the period. Sequoia Financial Advisors LLC raised its holdings in FTI Consulting by 3.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 2,389 shares of the business services provider’s stock worth $457,000 after buying an additional 89 shares during the period. HighTower Advisors LLC raised its holdings in FTI Consulting by 8.7% during the 4th quarter. HighTower Advisors LLC now owns 3,256 shares of the business services provider’s stock worth $622,000 after buying an additional 260 shares during the period. Wealthfront Advisers LLC bought a new position in FTI Consulting in the fourth quarter valued at approximately $8,572,000. Finally, Isthmus Partners LLC acquired a new position in shares of FTI Consulting in the fourth quarter valued at approximately $447,000. 99.36% of the stock is currently owned by institutional investors.

FTI Consulting Stock Down 0.9 %

Shares of FCN stock opened at $165.17 on Thursday. FTI Consulting, Inc. has a 12 month low of $158.92 and a 12 month high of $243.60. The company’s fifty day simple moving average is $182.00 and its 200-day simple moving average is $199.57. The firm has a market cap of $5.93 billion, a PE ratio of 21.18 and a beta of 0.14.

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

Analysts Set New Price Targets

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