Versant Capital Management Inc Acquires 160 Shares of FTI Consulting, Inc. (NYSE:FCN)

Versant Capital Management Inc grew its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 51.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 471 shares of the business services provider’s stock after buying an additional 160 shares during the quarter. Versant Capital Management Inc’s holdings in FTI Consulting were worth $90,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of FCN. Prospera Private Wealth LLC purchased a new stake in FTI Consulting during the 3rd quarter valued at about $34,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of FTI Consulting during the third quarter valued at approximately $35,000. Quarry LP grew its holdings in shares of FTI Consulting by 337.8% in the third quarter. Quarry LP now owns 162 shares of the business services provider’s stock worth $37,000 after purchasing an additional 125 shares during the last quarter. UMB Bank n.a. increased its stake in shares of FTI Consulting by 76.6% in the third quarter. UMB Bank n.a. now owns 166 shares of the business services provider’s stock worth $38,000 after buying an additional 72 shares during the period. Finally, True Wealth Design LLC bought a new stake in FTI Consulting during the 3rd quarter valued at $38,000. Hedge funds and other institutional investors own 99.36% of the company’s stock.

Analyst Upgrades and Downgrades

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

FTI Consulting Stock Up 0.9 %

Shares of FCN stock opened at $191.59 on Friday. The firm has a market capitalization of $6.89 billion, a price-to-earnings ratio of 22.02 and a beta of 0.14. The stock has a fifty day moving average of $198.36 and a 200 day moving average of $213.50. FTI Consulting, Inc. has a 52 week low of $185.93 and a 52 week high of $243.60.

FTI Consulting (NYSE:FCN) last announced its earnings results 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 8.37% and a return on equity of 14.79%. The company had revenue of $926.00 million for the quarter, compared to the consensus estimate of $946.16 million. During the same period in the previous year, the firm posted $2.34 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. Equities research analysts anticipate that FTI Consulting, Inc. will post 8.1 earnings per share for the current 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.