Susquehanna Fundamental Investments LLC Raises Holdings in FTI Consulting, Inc. (NYSE:FCN)

Susquehanna Fundamental Investments LLC increased its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 496.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,544 shares of the business services provider’s stock after buying an additional 13,769 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in FTI Consulting were worth $3,566,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Signaturefd LLC lifted its stake in shares of FTI Consulting by 65.9% during the 2nd quarter. Signaturefd LLC now owns 204 shares of the business services provider’s stock worth $44,000 after purchasing an additional 81 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of FTI Consulting by 494.6% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 220 shares of the business services provider’s stock worth $46,000 after acquiring an additional 183 shares in the last quarter. Covestor Ltd lifted its position in FTI Consulting by 76.4% during 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 during the last quarter. Versant Capital Management Inc grew its holdings 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 purchasing 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% during the second 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. 99.36% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

FTI Consulting Trading Down 0.9 %

NYSE FCN opened at $225.30 on Monday. The company has a fifty day moving average of $223.01 and a 200 day moving average of $217.13. The company has a market capitalization of $8.04 billion, a PE ratio of 26.20 and a beta of 0.10. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.20 and a quick ratio of 2.20. FTI Consulting, Inc. has a 1 year low of $177.00 and a 1 year high of $243.60.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings results on Thursday, July 25th. The business services provider reported $2.34 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $938.67 million. During the same quarter in the previous year, the business earned $1.75 EPS. FTI Consulting’s revenue for the quarter was up 9.8% compared to the same quarter last year. Research analysts forecast that FTI Consulting, Inc. will post 8.48 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on FCN. 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 report on Wednesday, September 25th. StockNews.com upgraded FTI Consulting from a “hold” rating to a “buy” rating in a research note on Thursday, July 25th. Finally, William Blair reiterated an “outperform” rating on shares of FTI Consulting in a research report on Tuesday, June 25th.

FTI Consulting Company 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.