Dynamic Technology Lab Private Ltd Acquires 3,730 Shares of FTI Consulting, Inc. (NYSE:FCN)

Dynamic Technology Lab Private Ltd raised its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 350.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,795 shares of the business services provider’s stock after acquiring an additional 3,730 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in FTI Consulting were worth $916,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FCN. Wilmington Savings Fund Society FSB bought a new position in FTI Consulting during the third quarter valued at approximately $35,000. Quarry LP lifted its holdings in shares of FTI Consulting by 337.8% during the 3rd quarter. Quarry LP now owns 162 shares of the business services provider’s stock valued at $37,000 after buying an additional 125 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of FTI Consulting by 394.0% in the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider’s stock worth $47,000 after buying an additional 197 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of FTI Consulting by 59.6% in the fourth quarter. UMB Bank n.a. now owns 265 shares of the business services provider’s stock worth $51,000 after acquiring an additional 99 shares during the period. Finally, Versant Capital Management Inc increased its position in FTI Consulting by 51.4% during the fourth quarter. Versant Capital Management Inc now owns 471 shares of the business services provider’s stock valued at $90,000 after acquiring an additional 160 shares during the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

FTI Consulting Stock Down 2.1 %

FCN stock opened at $158.09 on Monday. The business’s 50-day moving average price is $174.48 and its 200-day moving average price is $194.34. The stock has a market cap of $5.68 billion, a P/E ratio of 20.27 and a beta of 0.21. FTI Consulting, Inc. has a twelve month low of $157.46 and a twelve month high of $243.60.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings results 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 firm had revenue of $894.92 million for the quarter, compared to analysts’ expectations of $913.70 million. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. On average, equities research analysts expect that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.