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

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

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Algert Global LLC increased its holdings in shares of FTI Consulting by 56.8% in the 3rd quarter. Algert Global LLC now owns 52,440 shares of the business services provider’s stock valued at $11,933,000 after acquiring an additional 19,001 shares during the period. Cerity Partners LLC increased its stake in FTI Consulting by 644.3% in the third quarter. Cerity Partners LLC now owns 7,480 shares of the business services provider’s stock valued at $1,702,000 after purchasing an additional 6,475 shares during the period. Charles Schwab Investment Management Inc. increased its stake in FTI Consulting by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 430,776 shares of the business services provider’s stock valued at $98,027,000 after purchasing an additional 7,804 shares during the period. Prospera Private Wealth LLC purchased a new stake in shares of FTI Consulting in the third quarter valued at about $34,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of FTI Consulting during the third quarter worth about $932,000. Hedge funds and other institutional investors own 99.36% of the company’s stock.

Wall Street Analyst Weigh In

FCN has been the topic of several recent research reports. StockNews.com upgraded FTI Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd. Truist Financial boosted their target price on FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, September 25th.

FTI Consulting Stock Performance

FCN stock opened at $204.19 on Tuesday. FTI Consulting, Inc. has a one year low of $185.93 and a one year high of $243.60. The company has a fifty day moving average of $214.44 and a 200-day moving average of $217.63. The stock has a market capitalization of $7.34 billion, a PE ratio of 23.46 and a beta of 0.12.

FTI Consulting (NYSE:FCN) last announced 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). FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. The firm had revenue of $926.00 million during the quarter, compared to analyst estimates of $946.16 million. During the same quarter in the previous year, the business earned $2.34 EPS. FTI Consulting’s revenue for the quarter was up 3.7% on a year-over-year basis. Equities analysts forecast that FTI Consulting, Inc. will post 8.1 earnings per share for the current fiscal year.

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.