1,879 Shares in FTI Consulting, Inc. (NYSE:FCN) Bought by Farringdon Capital Ltd.

Farringdon Capital Ltd. bought a new stake in FTI Consulting, Inc. (NYSE:FCN) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,879 shares of the business services provider’s stock, valued at approximately $359,000.

A number of other hedge funds have also recently made changes to their positions in the company. CIBC Asset Management Inc increased its stake in shares of FTI Consulting by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 1,083 shares of the business services provider’s stock valued at $207,000 after buying an additional 55 shares during the period. Exchange Traded Concepts LLC increased its position in FTI Consulting by 2.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 3,435 shares of the business services provider’s stock valued at $657,000 after acquiring an additional 85 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of FTI Consulting by 3.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 2,389 shares of the business services provider’s stock valued at $457,000 after acquiring an additional 89 shares during the last quarter. UMB Bank n.a. increased its holdings in FTI Consulting by 59.6% in the fourth quarter. UMB Bank n.a. now owns 265 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 99 shares during the period. Finally, Axxcess Wealth Management LLC raised its position in FTI Consulting by 6.0% during the 4th quarter. Axxcess Wealth Management LLC now owns 1,820 shares of the business services provider’s stock worth $348,000 after purchasing an additional 103 shares during the last quarter. 99.36% of the stock is owned by institutional investors and hedge funds.

FTI Consulting Price Performance

NYSE FCN opened at $165.32 on Friday. The stock has a market capitalization of $5.94 billion, a P/E ratio of 21.19 and a beta of 0.21. The business has a 50 day simple moving average of $166.92 and a 200 day simple moving average of $190.01. FTI Consulting, Inc. has a one year low of $151.75 and a one year high of $243.60.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data on Thursday, February 20th. The business services provider reported $1.56 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.17). The company had revenue of $894.92 million during the quarter, compared to the consensus estimate of $913.70 million. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. Equities analysts expect that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

Analysts Set New Price Targets

FCN has been the topic of a number of analyst reports. StockNews.com cut FTI Consulting from a “buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Truist Financial downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating and decreased their target price for the company from $225.00 to $178.00 in a research report on Wednesday, April 2nd. Finally, The Goldman Sachs Group reduced their price objective on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st.

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.