DekaBank Deutsche Girozentrale grew its holdings in FTI Consulting, Inc. (NYSE:FCN – Get Rating) by 89.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,564 shares of the business services provider’s stock after acquiring an additional 20,998 shares during the period. DekaBank Deutsche Girozentrale owned 0.13% of FTI Consulting worth $7,046,000 as of its most recent SEC filing.
Several other institutional investors have also added or reduced their stakes in FCN. Whittier Trust Co. raised its position in FTI Consulting by 4.4% in the fourth quarter. Whittier Trust Co. now owns 7,050 shares of the business services provider’s stock worth $1,082,000 after acquiring an additional 300 shares during the period. Retirement Systems of Alabama raised its position in FTI Consulting by 1.2% in the fourth quarter. Retirement Systems of Alabama now owns 44,900 shares of the business services provider’s stock worth $6,889,000 after acquiring an additional 516 shares during the period. Strass Ohio raised its position in FTI Consulting by 3.3% in the fourth quarter. Strs Ohio now owns 19,406 shares of the business services provider’s stock worth $2,977,000 after acquiring an additional 628 shares during the period. National Bank of Canada FI bought a new stake in shares of FTI Consulting during the 4th quarter valued at $1,550,000. Finally, New York State Teachers Retirement System raised its position in shares of FTI Consulting by 16.2% during the 4th quarter. New York State Teachers Retirement System now owns 51,063 shares of the business services provider’s stock valued at $7,834,000 after purchasing an additional 7,101 shares during the period.
FTI Consulting Stock Up 0.4%
Shares of FCN stock opened at $187.62 on Monday. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 29.04 and a beta of 0.37. FTI Consulting, Inc. has a one year low of $131.50 and a one year high of $190.43. The company’s fifty-day moving average price is $171.50 and its 200-day moving average price is $159.26. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.40 and a quick ratio of 2.40.
FTI Consulting (NYSE:FCN – Get Rating) last announced its quarterly earnings results on Thursday, April 28th. The business services provider reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.33. The company had revenue of $723.62 million for the quarter, compared to the consensus estimate of $702.83 million. FTI Consulting had a net margin of 8.17% and a return on equity of 14.88%. FTI Consulting’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.89 EPS. Sell-side analysts expect that FTI Consulting, Inc. will post 6.87 EPS for the current fiscal year.
Analysts Set New Price Targets
Several analysts have recently commented on FCN shares. Truist Financial raised their price objective on shares of FTI Consulting from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Monday, June 6th. StockNews.com downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating in a research report on Saturday, May 7th.
FTI Consulting Company Profile
FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications.
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