Oak Thistle LLC Buys 1,642 Shares of FTI Consulting, Inc. (NYSE:FCN)

Oak Thistle LLC boosted its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 128.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,925 shares of the business services provider’s stock after purchasing an additional 1,642 shares during the quarter. Oak Thistle LLC’s holdings in FTI Consulting were worth $559,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FCN. Mawer Investment Management Ltd. boosted its holdings in shares of FTI Consulting by 3.2% during 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 buying an additional 123,177 shares during the period. CWA Asset Management Group LLC bought a new stake in FTI Consulting during the third quarter valued at about $23,351,000. Greenvale Capital LLP grew 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 purchasing an additional 85,000 shares during the last quarter. Mountain Pacific Investment Advisers LLC grew its position in shares of FTI Consulting by 563.7% in the third quarter. Mountain Pacific Investment Advisers LLC now owns 66,373 shares of the business services provider’s stock valued at $15,104,000 after purchasing an additional 56,373 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of FTI Consulting by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 692,044 shares of the business services provider’s stock worth $149,164,000 after purchasing an additional 39,271 shares during the period. Institutional investors and hedge funds own 99.36% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on FCN shares. Truist Financial raised 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. StockNews.com upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a research note on Saturday, November 2nd.

FTI Consulting Stock Performance

NYSE FCN opened at $193.94 on Friday. FTI Consulting, Inc. has a twelve month low of $185.93 and a twelve month high of $243.60. The stock has a market cap of $6.97 billion, a PE ratio of 22.29 and a beta of 0.14. The firm has a 50-day simple moving average of $197.25 and a 200 day simple moving average of $212.33.

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). The firm had revenue of $926.00 million during the quarter, compared to the consensus estimate 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 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. Research 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.