Farther Finance Advisors LLC Purchases 191 Shares of FTI Consulting, Inc. (NYSE:FCN)

Farther Finance Advisors LLC grew its position in FTI Consulting, Inc. (NYSE:FCN) by 9.6% in the third quarter, Holdings Channel reports. The fund owned 2,180 shares of the business services provider’s stock after acquiring an additional 191 shares during the quarter. Farther Finance Advisors LLC’s holdings in FTI Consulting were worth $496,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FCN. UMB Bank n.a. lifted its stake in shares of FTI Consulting by 76.6% in the 3rd quarter. UMB Bank n.a. now owns 166 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 72 shares during the last quarter. Signaturefd LLC lifted its stake in shares of FTI Consulting by 65.9% in the 2nd 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 last quarter. Covestor Ltd lifted its stake in shares of FTI Consulting by 76.4% in the 1st 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 raised its position in 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 during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. raised its position in 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 during the last quarter. 99.36% of the stock is currently owned by institutional investors.

FTI Consulting Stock Up 1.0 %

Shares of NYSE:FCN opened at $201.01 on Thursday. The business has a fifty day simple moving average of $219.78 and a 200 day simple moving average of $218.89. FTI Consulting, Inc. has a 12-month low of $185.93 and a 12-month high of $243.60. The firm has a market cap of $7.22 billion, a P/E ratio of 23.10 and a beta of 0.12.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.21). FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. The business had revenue of $926.00 million during the quarter, compared to the consensus estimate of $946.16 million. During the same period last year, the business posted $2.34 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis. As a group, equities research analysts expect that FTI Consulting, Inc. will post 8.1 EPS for the current year.

Analysts Set New Price Targets

FCN has been the subject of several analyst reports. StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd. Truist Financial raised their target price on FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, September 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.