1,443 Shares in FTI Consulting, Inc. (NYSE:FCN) Purchased by PFW Advisors LLC

PFW Advisors LLC acquired a new stake in FTI Consulting, Inc. (NYSE:FCN) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,443 shares of the business services provider’s stock, valued at approximately $276,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FCN. Tilia Fiduciary Partners Inc. lifted its holdings in FTI Consulting by 5.3% during the fourth quarter. Tilia Fiduciary Partners Inc. now owns 11,053 shares of the business services provider’s stock worth $2,113,000 after acquiring an additional 552 shares during the period. Versant Capital Management Inc increased its position in shares of FTI Consulting by 51.4% during the 4th quarter. Versant Capital Management Inc now owns 471 shares of the business services provider’s stock valued at $90,000 after purchasing an additional 160 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of FTI Consulting by 3.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 79,120 shares of the business services provider’s stock worth $18,005,000 after purchasing an additional 2,860 shares during the period. Synovus Financial Corp boosted its holdings in shares of FTI Consulting by 5.5% in the 3rd quarter. Synovus Financial Corp now owns 4,710 shares of the business services provider’s stock worth $1,072,000 after buying an additional 246 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in FTI Consulting during the third quarter valued at about $35,000. Hedge funds and other institutional investors own 99.36% of the company’s stock.

FTI Consulting Price Performance

NYSE:FCN traded up $2.02 on Monday, reaching $194.80. 130,144 shares of the company’s stock were exchanged, compared to its average volume of 163,931. The firm has a market cap of $7.00 billion, a price-to-earnings ratio of 22.39 and a beta of 0.14. The stock has a fifty day simple moving average of $197.77 and a 200-day simple moving average of $212.90. FTI Consulting, Inc. has a 52 week low of $185.93 and a 52 week high of $243.60.

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 analysts’ expectations of $946.16 million. FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.34 earnings per share. As a group, sell-side analysts predict that FTI Consulting, Inc. will post 8.1 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on FCN shares. StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd. Truist Financial increased their price objective on FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, September 25th.

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.