Dana Investment Advisors Inc. Raises Holdings in FTI Consulting, Inc. (NYSE:FCN)

Dana Investment Advisors Inc. grew its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 17.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,559 shares of the business services provider’s stock after purchasing an additional 1,434 shares during the quarter. Dana Investment Advisors Inc.’s holdings in FTI Consulting were worth $1,827,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Prospera Private Wealth LLC purchased a new position in shares of FTI Consulting during the third quarter worth about $34,000. Wilmington Savings Fund Society FSB purchased a new position in shares of FTI Consulting during the third quarter worth about $35,000. Quarry LP grew its holdings in shares of FTI Consulting by 337.8% during the third quarter. Quarry LP now owns 162 shares of the business services provider’s stock worth $37,000 after purchasing an additional 125 shares during the last quarter. True Wealth Design LLC purchased a new position in shares of FTI Consulting during the third quarter worth about $38,000. Finally, Jones Financial Companies Lllp grew its holdings in shares of FTI Consulting by 394.0% during the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider’s stock worth $47,000 after purchasing an additional 197 shares during the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

FTI Consulting Stock Performance

Shares of FCN opened at $169.87 on Friday. FTI Consulting, Inc. has a fifty-two week low of $161.24 and a fifty-two week high of $243.60. The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 21.78 and a beta of 0.14. The firm has a 50-day simple moving average of $186.87 and a 200-day simple moving average of $203.46.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $1.56 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.17). The firm had revenue of $894.92 million during the quarter, compared to analyst estimates of $913.70 million. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. Equities research analysts forecast that FTI Consulting, Inc. will post 8.55 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FCN. Truist Financial decreased their target price on shares of FTI Consulting from $275.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, February 21st. StockNews.com downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, The Goldman Sachs Group decreased their target price on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a research note on Friday, February 21st.

FTI Consulting Company 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.