Raymond James & Associates Acquires 5,044 Shares of FTI Consulting, Inc. (NYSE:FCN)

Raymond James & Associates raised its holdings in FTI Consulting, Inc. (NYSE:FCN) by 3.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 143,305 shares of the business services provider’s stock after buying an additional 5,044 shares during the period. Raymond James & Associates owned about 0.40% of FTI Consulting worth $32,610,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Nordea Investment Management AB increased its holdings in shares of FTI Consulting by 458.7% during the 1st quarter. Nordea Investment Management AB now owns 17,287 shares of the business services provider’s stock worth $3,652,000 after acquiring an additional 14,193 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in FTI Consulting during the first quarter worth $584,000. Sei Investments Co. increased its holdings in shares of FTI Consulting by 4.3% in the second quarter. Sei Investments Co. now owns 110,336 shares of the business services provider’s stock valued at $23,782,000 after purchasing an additional 4,516 shares during the last quarter. DB Fitzpatrick & Co Inc raised its position in shares of FTI Consulting by 135.1% in the second quarter. DB Fitzpatrick & Co Inc now owns 5,931 shares of the business services provider’s stock valued at $1,278,000 after purchasing an additional 3,408 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of FTI Consulting by 298.4% during the 2nd quarter. SG Americas Securities LLC now owns 4,060 shares of the business services provider’s stock worth $875,000 after buying an additional 3,041 shares during the last quarter. 99.36% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other FTI Consulting news, Director Mark S. Bartlett sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $227.12, for a total transaction of $454,240.00. Following the completion of the transaction, the director now directly owns 26,099 shares in the company, valued at $5,927,604.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.51% of the stock is currently owned by company insiders.

FTI Consulting Price Performance

Shares of NYSE FCN opened at $229.51 on Thursday. The business has a fifty day moving average price of $224.60 and a two-hundred day moving average price of $219.42. The stock has a market capitalization of $8.19 billion, a PE ratio of 26.69 and a beta of 0.10. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.20 and a quick ratio of 2.20. FTI Consulting, Inc. has a fifty-two week low of $181.25 and a fifty-two week high of $243.60.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings data on Thursday, July 25th. The business services provider reported $2.34 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.32. FTI Consulting had a net margin of 8.90% and a return on equity of 16.34%. The business had revenue of $949.16 million during the quarter, compared to analysts’ expectations of $938.67 million. During the same quarter in the prior year, the business posted $1.75 earnings per share. FTI Consulting’s revenue was up 9.8% compared to the same quarter last year. As a group, equities analysts predict that FTI Consulting, Inc. will post 8.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FCN. Truist Financial upped their price target on shares of FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a research report on Thursday, July 25th.

FTI Consulting Profile

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications segments. The Corporate Finance & Restructuring segment provides business transformation and strategy, transactions, and turnaround and restructuring services.