Victory Capital Management Inc. trimmed its position in FTI Consulting, Inc. (NYSE:FCN) by 0.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,499,384 shares of the business services provider’s stock after selling 8,146 shares during the period. Victory Capital Management Inc. owned 3.79% of FTI Consulting worth $53,198,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in FCN. BlackRock Inc. boosted its holdings in FTI Consulting by 16,640.5% in the 1st quarter. BlackRock Inc. now owns 4,414,475 shares of the business services provider’s stock valued at $181,743,000 after purchasing an additional 4,388,105 shares during the period. Black Creek Investment Management Inc. boosted its holdings in FTI Consulting by 19.6% in the 2nd quarter. Black Creek Investment Management Inc. now owns 4,512,287 shares of the business services provider’s stock valued at $157,750,000 after purchasing an additional 739,072 shares during the period. Northern Trust Corp boosted its holdings in FTI Consulting by 34.0% in the 2nd quarter. Northern Trust Corp now owns 1,230,348 shares of the business services provider’s stock valued at $43,013,000 after purchasing an additional 311,939 shares during the period. S&T Bank PA bought a new position in FTI Consulting in the 2nd quarter valued at $10,624,000. Finally, Thompson Siegel & Walmsley LLC boosted its holdings in FTI Consulting by 75.6% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 535,634 shares of the business services provider’s stock valued at $18,726,000 after purchasing an additional 230,549 shares during the period. 95.88% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have commented on the stock. Zacks Investment Research raised shares of FTI Consulting from a “hold” rating to a “strong-buy” rating and set a $49.00 price target for the company in a report on Monday, October 30th. TheStreet raised shares of FTI Consulting from a “c” rating to a “b” rating in a report on Thursday, October 26th. Finally, BidaskClub downgraded shares of FTI Consulting from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a strong buy rating to the stock. FTI Consulting currently has a consensus rating of “Hold” and an average target price of $44.33.
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FTI Consulting, Inc. (NYSE:FCN) opened at $41.45 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.15 and a current ratio of 2.15. The firm has a market cap of $1,573.30, a P/E ratio of 22.90 and a beta of 0.31.
FTI Consulting (NYSE:FCN) last posted its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.24. FTI Consulting had a net margin of 2.70% and a return on equity of 6.12%. The company had revenue of $448.96 million during the quarter, compared to the consensus estimate of $446.63 million. During the same period in the previous year, the firm posted $0.52 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. equities analysts anticipate that FTI Consulting, Inc. will post 2.06 EPS for the current year.
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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