Proficio Capital Partners LLC Buys Shares of 11,468 FTI Consulting, Inc. (NYSE:FCN)

Proficio Capital Partners LLC purchased a new position in shares of FTI Consulting, Inc. (NYSE:FCN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,468 shares of the business services provider’s stock, valued at approximately $2,192,000.

A number of other institutional investors also recently made changes to their positions in FCN. Prospera Private Wealth LLC acquired a new stake in FTI Consulting in the 3rd quarter valued at approximately $34,000. Wilmington Savings Fund Society FSB acquired a new position in shares of FTI Consulting during the 3rd quarter valued at about $35,000. Quarry LP raised its holdings in FTI Consulting by 337.8% in the 3rd quarter. Quarry LP now owns 162 shares of the business services provider’s stock worth $37,000 after acquiring an additional 125 shares during the period. True Wealth Design LLC bought a new stake in FTI Consulting during the third quarter valued at about $38,000. Finally, Jones Financial Companies Lllp grew its position in shares of FTI Consulting by 394.0% in the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 197 shares during the last quarter. 99.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FCN has been the subject of several recent analyst reports. The Goldman Sachs Group decreased their target price on FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. StockNews.com cut shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Truist Financial decreased their price target on shares of FTI Consulting from $275.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, February 21st.

FTI Consulting Trading Up 1.8 %

FCN opened at $166.64 on Wednesday. The stock’s 50 day simple moving average is $182.58 and its 200-day simple moving average is $199.81. The stock has a market cap of $5.99 billion, a PE ratio of 21.36 and a beta of 0.14. FTI Consulting, Inc. has a 1 year low of $158.92 and a 1 year high of $243.60.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.17). The business had revenue of $894.92 million during the quarter, compared to analyst estimates of $913.70 million. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. Equities analysts forecast that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

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.