FTI Consulting, Inc. (NYSE:FCN) Shares Bought by Dakota Wealth Management

Dakota Wealth Management increased its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 570.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,521 shares of the business services provider’s stock after acquiring an additional 5,548 shares during the quarter. Dakota Wealth Management’s holdings in FTI Consulting were worth $1,246,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Mawer Investment Management Ltd. boosted its position in shares of FTI Consulting by 3.2% during the 3rd quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider’s stock valued at $891,201,000 after acquiring an additional 123,177 shares during the last quarter. State Street Corp lifted its position in FTI Consulting by 2.7% in the third quarter. State Street Corp now owns 1,061,341 shares of the business services provider’s stock valued at $241,519,000 after buying an additional 28,105 shares during the last quarter. Geode Capital Management LLC lifted its position in FTI Consulting by 2.4% in the third quarter. Geode Capital Management LLC now owns 685,762 shares of the business services provider’s stock valued at $157,528,000 after buying an additional 16,171 shares during the last quarter. Stephens Investment Management Group LLC lifted its position in FTI Consulting by 7.7% in the third quarter. Stephens Investment Management Group LLC now owns 475,036 shares of the business services provider’s stock valued at $108,099,000 after buying an additional 34,144 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in FTI Consulting by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 430,776 shares of the business services provider’s stock valued at $98,027,000 after buying an additional 7,804 shares during the last quarter. Institutional investors and hedge funds own 99.36% of the company’s stock.

FTI Consulting Stock Performance

FCN stock opened at $191.62 on Friday. The company’s 50 day moving average price is $196.43 and its 200 day moving average price is $211.65. FTI Consulting, Inc. has a fifty-two week low of $185.93 and a fifty-two week high of $243.60. The firm has a market capitalization of $6.89 billion, a price-to-earnings ratio of 22.02 and a beta of 0.14.

FTI Consulting (NYSE:FCN) last released its earnings results on Thursday, October 24th. The business services provider reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.21). FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. The firm had revenue of $926.00 million for the quarter, compared to analysts’ expectations of $946.16 million. During the same quarter in the previous year, the company posted $2.34 earnings per share. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. Equities analysts forecast that FTI Consulting, Inc. will post 8.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, November 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.