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

True Wealth Design LLC purchased a new stake in FTI Consulting, Inc. (NYSE:FCN) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 166 shares of the business services provider’s stock, valued at approximately $38,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FCN. Sei Investments Co. boosted its holdings in shares of FTI Consulting by 4.3% in the 2nd quarter. Sei Investments Co. now owns 110,336 shares of the business services provider’s stock worth $23,782,000 after purchasing an additional 4,516 shares during the period. DB Fitzpatrick & Co Inc increased its position in FTI Consulting by 135.1% during the second quarter. DB Fitzpatrick & Co Inc now owns 5,931 shares of the business services provider’s stock valued at $1,278,000 after acquiring an additional 3,408 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of FTI Consulting by 298.4% in the second quarter. SG Americas Securities LLC now owns 4,060 shares of the business services provider’s stock valued at $875,000 after acquiring an additional 3,041 shares during the period. American Century Companies Inc. lifted its holdings in shares of FTI Consulting by 76.3% in the 2nd quarter. American Century Companies Inc. now owns 224,744 shares of the business services provider’s stock worth $48,439,000 after acquiring an additional 97,244 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in FTI Consulting by 3.6% during the 3rd quarter. Raymond James & Associates now owns 143,305 shares of the business services provider’s stock valued at $32,610,000 after purchasing an additional 5,044 shares during the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on FCN shares. StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a research note on Saturday, November 2nd. Truist Financial raised their target price 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.

FTI Consulting Trading Down 0.6 %

FCN opened at $202.52 on Monday. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of 23.28 and a beta of 0.12. FTI Consulting, Inc. has a 12-month low of $185.93 and a 12-month high of $243.60. The business’s fifty day simple moving average is $212.35 and its 200-day simple moving average is $217.04.

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 return on equity of 14.79% and a net margin of 8.37%. The business had revenue of $926.00 million for the quarter, compared to the consensus estimate of $946.16 million. During the same quarter in the previous year, the company earned $2.34 earnings per share. The firm’s 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.

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.