FTI Consulting, Inc. (NYSE:FCN) Stock Holdings Lifted by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. boosted its holdings in FTI Consulting, Inc. (NYSE:FCN) by 284.1% during the second quarter, HoldingsChannel.com reports. The fund owned 242 shares of the business services provider’s stock after acquiring an additional 179 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in FTI Consulting were worth $52,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. boosted its stake in FTI Consulting by 4.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,119 shares of the business services provider’s stock valued at $241,000 after buying an additional 52 shares in the last quarter. Allegheny Financial Group LTD boosted its stake in FTI Consulting by 6.5% in the 2nd quarter. Allegheny Financial Group LTD now owns 1,182 shares of the business services provider’s stock worth $255,000 after purchasing an additional 72 shares during the period. Signaturefd LLC raised its position in FTI Consulting by 65.9% during the second quarter. Signaturefd LLC now owns 204 shares of the business services provider’s stock valued at $44,000 after buying an additional 81 shares during the period. Covestor Ltd lifted its stake in FTI Consulting by 76.4% in the 1st quarter. Covestor Ltd now owns 217 shares of the business services provider’s stock worth $46,000 after acquiring an additional 94 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its holdings in shares of FTI Consulting by 0.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 37,212 shares of the business services provider’s stock worth $7,344,000 after purchasing an additional 108 shares during the period. 99.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. William Blair restated an “outperform” rating on shares of FTI Consulting in a report on Tuesday, June 25th. StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a research report on Thursday, July 25th. Finally, Truist Financial boosted their price objective on shares of FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th.

Insider Transactions at FTI Consulting

In related news, Director Mark S. Bartlett sold 2,000 shares of FTI Consulting stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $227.12, for a total value of $454,240.00. Following the sale, the director now owns 26,099 shares of the company’s stock, valued at $5,927,604.88. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.51% of the stock is currently owned by insiders.

FTI Consulting Price Performance

Shares of FCN stock opened at $227.56 on Tuesday. The firm has a market cap of $8.12 billion, a price-to-earnings ratio of 26.46 and a beta of 0.10. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.03. FTI Consulting, Inc. has a 12 month low of $177.00 and a 12 month high of $243.60. The stock has a 50-day moving average price of $222.95 and a 200 day moving average price of $217.30.

FTI Consulting (NYSE:FCN) last posted its earnings results 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 return on equity of 16.34% and a net margin of 8.90%. The firm had revenue of $949.16 million for the quarter, compared to analyst estimates of $938.67 million. During the same period in the previous year, the company posted $1.75 earnings per share. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. Research analysts expect that FTI Consulting, Inc. will post 8.48 EPS 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.