Zurcher Kantonalbank Zurich Cantonalbank Has $1.77 Million Stock Holdings in FTI Consulting, Inc. (NYSE:FCN)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 1.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 7,769 shares of the business services provider’s stock after purchasing an additional 135 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in FTI Consulting were worth $1,768,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in FCN. Tidal Investments LLC acquired a new stake in shares of FTI Consulting during the 1st quarter worth approximately $719,000. GAMMA Investing LLC boosted its position in shares of FTI Consulting by 35.5% during the 2nd quarter. GAMMA Investing LLC now owns 443 shares of the business services provider’s stock worth $95,000 after acquiring an additional 116 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of FTI Consulting by 298.4% during the 2nd quarter. SG Americas Securities LLC now owns 4,060 shares of the business services provider’s stock worth $875,000 after acquiring an additional 3,041 shares in the last quarter. Curated Wealth Partners LLC boosted its position in FTI Consulting by 181.2% in the second quarter. Curated Wealth Partners LLC now owns 3,785 shares of the business services provider’s stock valued at $816,000 after buying an additional 8,447 shares in the last quarter. Finally, Wedmont Private Capital boosted its position in FTI Consulting by 11.5% in the second quarter. Wedmont Private Capital now owns 1,346 shares of the business services provider’s stock valued at $296,000 after buying an additional 139 shares in the last quarter. Institutional investors and hedge funds own 99.36% of the company’s stock.

Analysts Set New Price Targets

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

FTI Consulting Price Performance

Shares of FTI Consulting stock opened at $204.85 on Thursday. The firm has a market capitalization of $7.36 billion, a P/E ratio of 23.55 and a beta of 0.12. The company’s 50 day moving average price is $210.93 and its two-hundred day moving average price is $216.64. FTI Consulting, Inc. has a fifty-two week low of $185.93 and a fifty-two week high of $243.60.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings results 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 business had revenue of $926.00 million for the quarter, compared to analyst estimates of $946.16 million. FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. FTI Consulting’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.34 EPS. On average, analysts expect that FTI Consulting, Inc. will post 8.1 earnings per share 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.