903 Shares in FTI Consulting, Inc. (NYSE:FCN) Purchased by Freedom Investment Management Inc.

Freedom Investment Management Inc. acquired a new stake in FTI Consulting, Inc. (NYSE:FCN) in the third quarter, HoldingsChannel.com reports. The fund acquired 903 shares of the business services provider’s stock, valued at approximately $206,000.

A number of other institutional investors also recently added to or reduced their stakes in FCN. Prospera Private Wealth LLC acquired a new stake in shares of FTI Consulting in the 3rd quarter valued at approximately $34,000. UMB Bank n.a. raised its position in 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 acquiring an additional 72 shares in the last quarter. Signaturefd LLC lifted its holdings in FTI Consulting by 65.9% in the second quarter. Signaturefd LLC now owns 204 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 81 shares during the period. Versant Capital Management Inc boosted its position in shares of FTI Consulting by 593.8% during 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 in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. boosted its position in shares of FTI Consulting by 284.1% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 242 shares of the business services provider’s stock worth $52,000 after purchasing an additional 179 shares in the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

FTI Consulting Stock Performance

FCN opened at $202.52 on Monday. FTI Consulting, Inc. has a one year low of $185.93 and a one year high of $243.60. The company has a market cap of $7.28 billion, a price-to-earnings ratio of 23.28 and a beta of 0.12. The business’s fifty day moving average is $212.35 and its two-hundred day moving average is $217.04.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.21). The business had revenue of $926.00 million during 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%. FTI Consulting’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.34 earnings per share. On average, analysts predict that FTI Consulting, Inc. will post 8.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.