FTI Consulting, Inc. $FCN Stock Sold by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC reduced its position in FTI Consulting, Inc. (NYSE:FCN) by 40.2% in the 3rd quarter, Holdings Channel reports. The fund owned 11,427 shares of the business services provider’s stock after selling 7,674 shares during the period. Mountain Pacific Investment Advisers LLC’s holdings in FTI Consulting were worth $1,537,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vise Technologies Inc. boosted its holdings in shares of FTI Consulting by 57.6% during the third quarter. Vise Technologies Inc. now owns 3,005 shares of the business services provider’s stock worth $404,000 after purchasing an additional 1,098 shares during the last quarter. State of Wyoming increased its stake in FTI Consulting by 4.9% in the third quarter. State of Wyoming now owns 6,109 shares of the business services provider’s stock valued at $822,000 after purchasing an additional 287 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in FTI Consulting by 5.8% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 27,583 shares of the business services provider’s stock valued at $3,710,000 after purchasing an additional 1,500 shares during the last quarter. James Investment Research Inc. lifted its position in FTI Consulting by 8.6% during the third quarter. James Investment Research Inc. now owns 7,831 shares of the business services provider’s stock worth $1,053,000 after buying an additional 619 shares during the period. Finally, Diversify Advisory Services LLC lifted its position in FTI Consulting by 4.2% during the third quarter. Diversify Advisory Services LLC now owns 6,459 shares of the business services provider’s stock worth $945,000 after buying an additional 261 shares during the period. 99.36% of the stock is currently owned by institutional investors and hedge funds.

FTI Consulting Stock Up 1.1%

Shares of NYSE:FCN opened at $193.97 on Wednesday. The stock has a market capitalization of $5.29 billion, a price-to-earnings ratio of 19.81 and a beta of -0.15. FTI Consulting, Inc. has a 1-year low of $129.12 and a 1-year high of $197.30. The company’s fifty day moving average is $148.68 and its two-hundred day moving average is $160.10. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.72 and a current ratio of 1.72.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings results on Thursday, October 29th. The business services provider reported $3.84 EPS for the quarter, beating the consensus estimate of $2.74 by $1.10. FTI Consulting had a net margin of 5.86% and a return on equity of 18.41%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the business posted $2.60 EPS. The company’s quarterly revenue was up 5.9% on a year-over-year basis. Equities analysts anticipate that FTI Consulting, Inc. will post 9.81 EPS for the current year.

Wall Street Analysts Forecast Growth

FCN has been the topic of a number of research analyst reports. Weiss Ratings raised FTI Consulting from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, October 26th. Truist Financial reaffirmed a “hold” rating and set a $180.00 price objective (up from $158.00) on shares of FTI Consulting in a research note on Monday. Two investment analysts have rated the stock with a Hold rating. According to MarketBeat, FTI Consulting has a consensus rating of “Hold” and a consensus target price of $174.50.

About FTI Consulting

FTI Consulting, Inc is a global business advisory firm that helps organizations address complex financial, legal, operational and reputational challenges. The company provides independent expertise to corporations, law firms, financial institutions, government agencies and other organizations involved in major disputes, transactions, investigations, restructurings and regulatory matters.

FTI Consulting operates through several practice areas, including Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications.