FTI Consulting, Inc. (NYSE:FCN) Shares Acquired by Ieq Capital LLC

Ieq Capital LLC raised its holdings in FTI Consulting, Inc. (NYSE:FCN) by 214.4% during the fourth quarter, HoldingsChannel reports. The firm owned 6,074 shares of the business services provider’s stock after buying an additional 4,142 shares during the period. Ieq Capital LLC’s holdings in FTI Consulting were worth $1,161,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Mawer Investment Management Ltd. increased its stake in shares of FTI Consulting by 3.2% during the third quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider’s stock worth $891,201,000 after acquiring an additional 123,177 shares during the period. State Street Corp grew its holdings in FTI Consulting by 2.7% during the third quarter. State Street Corp now owns 1,061,341 shares of the business services provider’s stock worth $241,519,000 after acquiring an additional 28,105 shares during the period. Geode Capital Management LLC grew its stake in shares of FTI Consulting by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 685,762 shares of the business services provider’s stock worth $157,528,000 after purchasing an additional 16,171 shares during the period. Pacer Advisors Inc. increased its holdings in shares of FTI Consulting by 9,995.1% in the 4th quarter. Pacer Advisors Inc. now owns 518,687 shares of the business services provider’s stock valued at $99,137,000 after purchasing an additional 513,549 shares in the last quarter. Finally, Stephens Investment Management Group LLC lifted its stake in shares of 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 purchasing an additional 34,144 shares during the period. 99.36% of the stock is owned by institutional investors and hedge funds.

FTI Consulting Stock Performance

Shares of FCN opened at $165.93 on Tuesday. The company’s 50 day simple moving average is $191.33 and its 200 day simple moving average is $206.28. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 21.27 and a beta of 0.15. FTI Consulting, Inc. has a 1 year low of $161.24 and a 1 year 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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.17). The business had revenue of $894.92 million during the quarter, compared to analyst estimates of $913.70 million. FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. Equities analysts expect that FTI Consulting, Inc. will post 8.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FCN has been the subject of several research analyst reports. Truist Financial dropped their price objective on FTI Consulting from $275.00 to $225.00 and set a “buy” rating for the company in a research note on Friday. The Goldman Sachs Group reduced their price target on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock in a report on Friday. Finally, StockNews.com cut shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Friday.

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.