3,583 FTI Consulting, Inc. $FCN Shares Bought by Running Oak Capital LLC

Running Oak Capital LLC lifted its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 5.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,609 shares of the business services provider’s stock after purchasing an additional 3,583 shares during the quarter. Running Oak Capital LLC’s holdings in FTI Consulting were worth $8,825,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of FTI Consulting in the 2nd quarter valued at $408,202,000. Neumeier Poma Investment Counsel LLC acquired a new stake in FTI Consulting during the second quarter valued at $44,699,275. Bank of New York Mellon Corp purchased a new position in FTI Consulting in the second quarter valued at $28,362,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in FTI Consulting in the second quarter valued at $28,307,000. Finally, Quantinno Capital Management LP increased its holdings in FTI Consulting by 141.6% in the first quarter. Quantinno Capital Management LP now owns 256,490 shares of the business services provider’s stock valued at $45,340,000 after buying an additional 150,348 shares in the last quarter. 99.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FCN. Weiss Ratings upgraded FTI Consulting from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, October 26th. Truist Financial reissued a “hold” rating and issued a $180.00 price objective (up from $158.00) on shares of FTI Consulting in a report on Monday, November 2nd. Two research analysts have rated the stock with a Hold rating. According to data from MarketBeat, FTI Consulting presently has an average rating of “Hold” and an average target price of $174.50.

FTI Consulting Price Performance

Shares of FTI Consulting stock opened at $194.23 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.72 and a quick ratio of 1.72. The business has a 50 day simple moving average of $152.20 and a two-hundred day simple moving average of $160.45. The stock has a market capitalization of $5.29 billion, a P/E ratio of 24.22 and a beta of -0.15. FTI Consulting, Inc. has a 12 month low of $129.12 and a 12 month high of $202.30.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings data 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 return on equity of 18.41% and a net margin of 5.86%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the company earned $2.60 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. As a group, analysts predict that FTI Consulting, Inc. will post 9.81 EPS for the current fiscal year.

FTI Consulting Profile

FTI Consulting, Inc is a global business advisory firm that helps organizations address financial, legal, operational, regulatory and reputational challenges. Founded in 1982, the company serves businesses, law firms, government agencies and other organizations.

Its services span corporate finance and restructuring, forensic and litigation consulting, economic consulting, technology and strategic communications. Work may include advising on restructuring and transactions, investigating disputes and misconduct, providing expert analysis in legal matters, managing electronic evidence and supporting communications during significant events.

FTI Consulting serves clients across the Americas, Europe, the Middle East, Africa and Asia Pacific.