FTI Consulting (NYSE:FCN) Trading Down 2.5% – What’s Next?

Shares of FTI Consulting, Inc. (NYSE:FCN) fell 2.5% during trading on Wednesday . The stock traded as low as $190.90 and last traded at $192.01. 34,223 shares were traded during trading, a decline of 77% from the average session volume of 151,041 shares. The stock had previously closed at $197.01.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FCN. 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 lifted their target price on shares of FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th.

FTI Consulting Stock Performance

The stock has a market cap of $6.93 billion, a P/E ratio of 22.17 and a beta of 0.14. The firm has a 50 day moving average of $197.62 and a two-hundred day moving average of $212.59.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.21). The business had revenue of $926.00 million during the quarter, compared to the consensus estimate of $946.16 million. FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.34 earnings per share. On average, sell-side analysts anticipate that FTI Consulting, Inc. will post 8.1 EPS for the current fiscal year.

Institutional Trading of FTI Consulting

Several hedge funds and other institutional investors have recently bought and sold shares of FCN. Mawer Investment Management Ltd. lifted its stake in shares of FTI Consulting by 3.2% in the third quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider’s stock valued at $891,201,000 after buying an additional 123,177 shares during the period. State Street Corp raised its holdings in FTI Consulting by 2.7% in the 3rd quarter. State Street Corp now owns 1,061,341 shares of the business services provider’s stock valued at $241,519,000 after acquiring an additional 28,105 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of FTI Consulting by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 692,044 shares of the business services provider’s stock worth $149,164,000 after acquiring an additional 39,271 shares during the period. Geode Capital Management LLC grew its holdings in shares of FTI Consulting by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 685,762 shares of the business services provider’s stock worth $157,528,000 after purchasing an additional 16,171 shares in the last quarter. Finally, Stephens Investment Management Group LLC grew its holdings in shares of FTI Consulting by 7.7% during the 3rd quarter. Stephens Investment Management Group LLC now owns 475,036 shares of the business services provider’s stock worth $108,099,000 after purchasing an additional 34,144 shares in the last quarter. 99.36% of the stock is currently owned by institutional investors and hedge funds.

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.