Dana Investment Advisors Inc. Grows Stake in FTI Consulting, Inc. (NYSE:FCN)

Dana Investment Advisors Inc. raised its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 2.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,168 shares of the business services provider’s stock after purchasing an additional 172 shares during the period. Dana Investment Advisors Inc.’s holdings in FTI Consulting were worth $1,760,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in FCN. Vanguard Group Inc. increased its position in FTI Consulting by 4.7% during the 4th quarter. Vanguard Group Inc. now owns 3,535,586 shares of the business services provider’s stock valued at $704,112,000 after purchasing an additional 157,206 shares during the period. Mawer Investment Management Ltd. increased its holdings in shares of FTI Consulting by 4.1% in the 1st quarter. Mawer Investment Management Ltd. now owns 3,810,200 shares of the business services provider’s stock valued at $801,247,000 after acquiring an additional 149,722 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of FTI Consulting during the 1st quarter worth $22,540,000. American Century Companies Inc. lifted its stake in shares of FTI Consulting by 76.3% during the 2nd quarter. American Century Companies Inc. now owns 224,744 shares of the business services provider’s stock worth $48,439,000 after purchasing an additional 97,244 shares during the last quarter. Finally, Greenvale Capital LLP boosted its position in FTI Consulting by 30.9% during the second quarter. Greenvale Capital LLP now owns 360,000 shares of the business services provider’s stock valued at $77,591,000 after purchasing an additional 85,000 shares in the last quarter. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

FTI Consulting Trading Down 1.3 %

NYSE FCN opened at $225.93 on Thursday. FTI Consulting, Inc. has a 1 year low of $177.00 and a 1 year high of $243.60. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.20 and a quick ratio of 2.20. The company has a market capitalization of $8.07 billion, a PE ratio of 26.27 and a beta of 0.10. The company has a fifty day moving average of $222.98 and a 200 day moving average of $217.46.

FTI Consulting (NYSE:FCN) last posted its earnings results on Thursday, July 25th. The business services provider reported $2.34 EPS for the quarter, topping the consensus estimate of $2.02 by $0.32. The firm had revenue of $949.16 million for the quarter, compared to analyst estimates of $938.67 million. FTI Consulting had a return on equity of 16.34% and a net margin of 8.90%. FTI Consulting’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the company earned $1.75 earnings per share. Research analysts forecast that FTI Consulting, Inc. will post 8.48 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Mark S. Bartlett sold 2,000 shares of FTI Consulting stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 26,099 shares of the company’s stock, valued at approximately $5,927,604.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.51% of the company’s stock.

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.