Creative Planning Raises Position in FTI Consulting, Inc. (NYSE:FCN)

Creative Planning grew its holdings in FTI Consulting, Inc. (NYSE:FCN) by 10.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 6,264 shares of the business services provider’s stock after buying an additional 597 shares during the quarter. Creative Planning’s holdings in FTI Consulting were worth $1,425,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of FCN. UMB Bank n.a. increased its holdings in FTI Consulting by 76.6% during the 3rd quarter. UMB Bank n.a. now owns 166 shares of the business services provider’s stock worth $38,000 after purchasing an additional 72 shares during the period. Signaturefd LLC increased its stake in shares of FTI Consulting by 65.9% during the second quarter. Signaturefd LLC now owns 204 shares of the business services provider’s stock worth $44,000 after buying an additional 81 shares during the period. Covestor Ltd raised its holdings in FTI Consulting by 76.4% in the first quarter. Covestor Ltd now owns 217 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 94 shares in the last quarter. Versant Capital Management Inc lifted its stake in FTI Consulting by 593.8% in the second quarter. Versant Capital Management Inc now owns 222 shares of the business services provider’s stock worth $48,000 after acquiring an additional 190 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. increased its position in shares of FTI Consulting by 284.1% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 242 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 179 shares during the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

FTI Consulting Stock Performance

Shares of FCN stock opened at $201.20 on Wednesday. The stock’s 50-day moving average is $223.15 and its two-hundred day moving average is $219.35. 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, Inc. has a 1 year low of $185.93 and a 1 year high of $243.60. The firm has a market cap of $7.18 billion, a price-to-earnings ratio of 23.40 and a beta of 0.10.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Truist Financial boosted their target price on shares of FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. StockNews.com cut FTI Consulting from a “buy” rating to a “hold” rating in a research note on Friday, October 25th.

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.