FTI Consulting, Inc. $FCN Shares Newly Purchased by Integrity Alliance LLC.

Integrity Alliance LLC. purchased a new stake in shares of FTI Consulting, Inc. (NYSE:FCN) in the third quarter, according to its most recent filing with the SEC. The firm purchased 4,574 shares of the business services provider’s stock, valued at approximately $615,000.

Other institutional investors have also modified their holdings of the company. Oregon Public Employees Retirement Fund raised its holdings in FTI Consulting by 1.6% during the first quarter. Oregon Public Employees Retirement Fund now owns 6,189 shares of the business services provider’s stock worth $1,094,000 after purchasing an additional 100 shares during the last quarter. Bessemer Group Inc. grew its holdings in FTI Consulting by 41.6% in the first quarter. Bessemer Group Inc. now owns 361 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 106 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of FTI Consulting by 0.8% in the first quarter. PNC Financial Services Group Inc. now owns 18,313 shares of the business services provider’s stock valued at $3,237,000 after buying an additional 144 shares in the last quarter. State of Michigan Retirement System increased its position in shares of FTI Consulting by 2.8% in the first quarter. State of Michigan Retirement System now owns 7,304 shares of the business services provider’s stock valued at $1,291,000 after buying an additional 200 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in shares of FTI Consulting by 405.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 263 shares of the business services provider’s stock worth $45,000 after buying an additional 211 shares during the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

FTI Consulting Price Performance

FTI Consulting stock traded down $0.08 during mid-day trading on Friday, hitting $195.91. 535,598 shares of the company were exchanged, compared to its average volume of 447,302. FTI Consulting, Inc. has a 12-month low of $129.12 and a 12-month high of $202.30. The company has a market capitalization of $5.34 billion, a P/E ratio of 24.43 and a beta of -0.15. The business’s 50 day simple moving average is $151.40 and its two-hundred day simple moving average is $160.39. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.72 and a quick ratio of 1.72.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings data on Thursday, October 29th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $1.10. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. FTI Consulting had a return on equity of 18.41% and a net margin of 5.86%. The business’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.60 earnings per share. Analysts forecast that FTI Consulting, Inc. will post 9.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

FTI Consulting Company Profile

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.