Dakota Wealth Management Sells 3,697 Shares of FTI Consulting, Inc. (NYSE:FCN)

Dakota Wealth Management cut its holdings in FTI Consulting, Inc. (NYSE:FCN) by 79.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 973 shares of the business services provider’s stock after selling 3,697 shares during the quarter. Dakota Wealth Management’s holdings in FTI Consulting were worth $221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Mawer Investment Management Ltd. grew its position in shares of FTI Consulting by 4.1% in the 1st quarter. Mawer Investment Management Ltd. now owns 3,810,200 shares of the business services provider’s stock worth $801,247,000 after buying an additional 149,722 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in FTI Consulting by 3.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,187,469 shares of the business services provider’s stock valued at $249,714,000 after purchasing an additional 35,599 shares during the period. Dimensional Fund Advisors LP raised its holdings in FTI Consulting by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 692,044 shares of the business services provider’s stock worth $149,164,000 after purchasing an additional 39,271 shares in the last quarter. Greenvale Capital LLP lifted its position in shares of FTI Consulting by 30.9% in the 2nd quarter. Greenvale Capital LLP now owns 360,000 shares of the business services provider’s stock worth $77,591,000 after purchasing an additional 85,000 shares during the period. Finally, Van Berkom & Associates Inc. boosted its stake in shares of FTI Consulting by 2.1% during the 2nd quarter. Van Berkom & Associates Inc. now owns 347,393 shares of the business services provider’s stock valued at $74,874,000 after purchasing an additional 7,175 shares in the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on FCN shares. Truist Financial lifted their price objective on FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. StockNews.com downgraded FTI Consulting from a “buy” rating to a “hold” rating in a report on Friday.

FTI Consulting Price Performance

Shares of FCN opened at $198.24 on Tuesday. FTI Consulting, Inc. has a fifty-two week low of $185.93 and a fifty-two week high of $243.60. The firm’s 50-day simple moving average is $223.15 and its two-hundred day simple moving average is $219.35. The stock has a market cap of $7.08 billion, a PE ratio of 23.05 and a beta of 0.10. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.20 and a current ratio of 2.20.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.21). FTI Consulting had a net margin of 8.90% and a return on equity of 16.34%. The company had revenue of $926.00 million for the quarter, compared to the consensus estimate of $946.16 million. During the same period last year, the business earned $2.34 EPS. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. Analysts anticipate that FTI Consulting, Inc. will post 8.48 earnings per share for the current fiscal year.

About FTI Consulting

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.