FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Pitcairn Co.

Pitcairn Co. reduced its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 15.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,526 shares of the business services provider’s stock after selling 447 shares during the quarter. Pitcairn Co.’s holdings in FTI Consulting were worth $575,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Mawer Investment Management Ltd. grew its holdings in shares of FTI Consulting by 3.2% in the 3rd quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider’s stock worth $891,201,000 after acquiring an additional 123,177 shares during the period. CWA Asset Management Group LLC purchased a new stake in FTI Consulting during the third quarter worth $23,351,000. American Century Companies Inc. grew its holdings in FTI Consulting by 76.3% in the second quarter. American Century Companies Inc. now owns 224,744 shares of the business services provider’s stock valued at $48,439,000 after purchasing an additional 97,244 shares during the last quarter. Greenvale Capital LLP increased its position in shares of FTI Consulting by 30.9% in the second quarter. Greenvale Capital LLP now owns 360,000 shares of the business services provider’s stock valued at $77,591,000 after buying an additional 85,000 shares in the last quarter. Finally, Mountain Pacific Investment Advisers LLC raised its stake in shares of FTI Consulting by 563.7% during the 3rd quarter. Mountain Pacific Investment Advisers LLC now owns 66,373 shares of the business services provider’s stock worth $15,104,000 after buying an additional 56,373 shares during the last quarter. 99.36% of the stock is owned by hedge funds and other institutional investors.

FTI Consulting Stock Up 1.2 %

NYSE FCN opened at $204.19 on Tuesday. FTI Consulting, Inc. has a fifty-two week low of $185.93 and a fifty-two week high of $243.60. The business has a fifty day moving average of $214.44 and a 200-day moving average of $217.63. The stock has a market cap of $7.34 billion, a price-to-earnings ratio of 23.46 and a beta of 0.12.

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

Analysts Set New Price Targets

FCN has been the topic of a number of research reports. 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 price objective on shares of FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th.

FTI Consulting Profile

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.