FTI Consulting, Inc. (NYSE:FCN) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP lowered its position in FTI Consulting, Inc. (NYSE:FCN) by 61.8% in the third quarter, HoldingsChannel reports. The fund owned 1,863 shares of the business services provider’s stock after selling 3,017 shares during the quarter. GSA Capital Partners LLP’s holdings in FTI Consulting were worth $424,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. UMB Bank n.a. raised its position in shares of 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 during the period. Signaturefd LLC raised its position in shares of FTI Consulting by 65.9% in the second quarter. Signaturefd LLC now owns 204 shares of the business services provider’s stock worth $44,000 after acquiring an additional 81 shares during the period. Covestor Ltd raised its position in shares of FTI Consulting by 76.4% in the first quarter. Covestor Ltd now owns 217 shares of the business services provider’s stock worth $46,000 after acquiring an additional 94 shares during the period. Versant Capital Management Inc raised its position in shares of 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 acquiring an additional 190 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. raised its position in shares of FTI Consulting by 284.1% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 242 shares of the business services provider’s stock worth $52,000 after acquiring an additional 179 shares during the period. Institutional investors and hedge funds own 99.36% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on FCN. Truist Financial upped their price target 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 shares of FTI Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd.

FTI Consulting Stock Up 0.8 %

FCN opened at $198.98 on Thursday. FTI Consulting, Inc. has a twelve month low of $185.93 and a twelve month high of $243.60. The company has a 50-day moving average price of $215.28 and a 200 day moving average price of $217.92. The company has a market cap of $7.15 billion, a PE ratio of 22.87 and a beta of 0.12.

FTI Consulting (NYSE:FCN) last released 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%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.34 EPS. As a group, sell-side analysts expect that FTI Consulting, Inc. will post 8.1 earnings per share for the current year.

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.