Credit Agricole S A bought a new stake in shares of FTI Consulting, Inc. (NYSE:FCN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,486 shares of the business services provider’s stock, valued at approximately $157,000.
Several other institutional investors have also recently bought and sold shares of FCN. BlackRock Fund Advisors increased its position in FTI Consulting by 7.2% in the third quarter. BlackRock Fund Advisors now owns 2,186,032 shares of the business services provider’s stock valued at $97,410,000 after buying an additional 146,362 shares during the last quarter. State Street Corp increased its position in FTI Consulting by 1.8% in the fourth quarter. State Street Corp now owns 1,282,536 shares of the business services provider’s stock valued at $57,822,000 after buying an additional 22,734 shares during the last quarter. Ameriprise Financial Inc. increased its position in FTI Consulting by 0.4% in the third quarter. Ameriprise Financial Inc. now owns 1,006,039 shares of the business services provider’s stock valued at $44,827,000 after buying an additional 4,330 shares during the last quarter. JPMorgan Chase & Co. increased its position in FTI Consulting by 2.6% in the third quarter. JPMorgan Chase & Co. now owns 711,651 shares of the business services provider’s stock valued at $31,711,000 after buying an additional 17,905 shares during the last quarter. Finally, Boston Partners increased its position in FTI Consulting by 5.4% in the third quarter. Boston Partners now owns 525,548 shares of the business services provider’s stock valued at $23,418,000 after buying an additional 26,871 shares during the last quarter. 92.58% of the stock is currently owned by institutional investors.
FTI Consulting, Inc. (NYSE:FCN) traded down 0.99% during midday trading on Friday, reaching $41.87. The company’s stock had a trading volume of 315,407 shares. The company has a market cap of $1.72 billion, a PE ratio of 20.42 and a beta of 0.36. The stock has a 50-day moving average price of $40.75 and a 200 day moving average price of $42.39. FTI Consulting, Inc. has a 12 month low of $34.20 and a 12 month high of $47.12.
FTI Consulting (NYSE:FCN) last released its earnings results on Tuesday, February 28th. The business services provider reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.05. The firm earned $441.92 million during the quarter, compared to the consensus estimate of $431.60 million. FTI Consulting had a return on equity of 7.86% and a net margin of 4.90%. FTI Consulting’s revenue was down .1% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 EPS. Analysts expect that FTI Consulting, Inc. will post $2.28 earnings per share for the current fiscal year.
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A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised FTI Consulting from a “sell” rating to a “hold” rating in a research report on Friday, March 3rd. TheStreet downgraded FTI Consulting from a “b” rating to a “c+” rating in a research report on Monday, January 9th. Finally, SunTrust Banks, Inc. downgraded FTI Consulting from a “buy” rating to a “hold” rating and reduced their price target for the stock from $50.00 to $46.00 in a research report on Friday, January 6th. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $45.50.
FTI Consulting Company Profile
FTI Consulting, Inc is a business advisory company. The Company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications. The Company provides advice and services, such as restructuring (including bankruptcy), capital formation and indebtedness, interim business management, performance improvements, forensic accounting and litigation matters, international arbitrations, mergers and acquisitions (M&A), antitrust and competition matters, securities litigation, electronic discovery (or e-discovery), management and retrieval of electronically stored information (ESI), reputation management and strategic communications.
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