Dynamic Technology Lab Private Ltd Buys Shares of 1,065 FTI Consulting, Inc. (NYSE:FCN)

Dynamic Technology Lab Private Ltd bought a new stake in shares of FTI Consulting, Inc. (NYSE:FCN) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 1,065 shares of the business services provider’s stock, valued at approximately $242,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. B. Riley Wealth Advisors Inc. lifted its stake in FTI Consulting by 100.8% in the first quarter. B. Riley Wealth Advisors Inc. now owns 2,369 shares of the business services provider’s stock valued at $498,000 after buying an additional 1,189 shares during the last quarter. Tidal Investments LLC bought a new stake in FTI Consulting in the 1st quarter valued at about $719,000. Virtu Financial LLC bought a new stake in FTI Consulting in the 1st quarter valued at about $315,000. GAMMA Investing LLC boosted its stake in FTI Consulting by 35.5% during the 2nd quarter. GAMMA Investing LLC now owns 443 shares of the business services provider’s stock valued at $95,000 after purchasing an additional 116 shares during the period. Finally, Versant Capital Management Inc grew its position in FTI Consulting by 593.8% in the 2nd quarter. Versant Capital Management Inc now owns 222 shares of the business services provider’s stock worth $48,000 after purchasing an additional 190 shares during the last quarter. 99.36% of the stock is currently owned by institutional investors and hedge funds.

FTI Consulting Stock Down 0.6 %

Shares of NYSE:FCN opened at $202.52 on Monday. The company’s fifty day moving average is $212.35 and its two-hundred day moving average is $217.04. The company has a market cap of $7.28 billion, a P/E ratio of 23.28 and a beta of 0.12. FTI Consulting, Inc. has a 12-month low of $185.93 and a 12-month high of $243.60.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings results on Thursday, October 24th. The business services provider reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.21). The business had revenue of $926.00 million for the quarter, compared to analyst estimates of $946.16 million. FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.34 earnings per share. Equities research analysts anticipate that FTI Consulting, Inc. will post 8.1 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on FCN shares. Truist Financial lifted their price target on FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a research note on Saturday, November 2nd.

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.