DB Fitzpatrick & Co Inc Buys 1,185 Shares of FTI Consulting, Inc. (NYSE:FCN)

DB Fitzpatrick & Co Inc lifted its position in FTI Consulting, Inc. (NYSE:FCN) by 19.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,207 shares of the business services provider’s stock after purchasing an additional 1,185 shares during the period. FTI Consulting comprises approximately 1.3% of DB Fitzpatrick & Co Inc’s portfolio, making the stock its 24th biggest holding. DB Fitzpatrick & Co Inc’s holdings in FTI Consulting were worth $1,377,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in FCN. UMB Bank n.a. boosted its position in FTI Consulting by 76.6% during the 3rd quarter. UMB Bank n.a. now owns 166 shares of the business services provider’s stock valued at $38,000 after buying an additional 72 shares during the period. Truist Financial Corp boosted its holdings in shares of FTI Consulting by 2.1% during the second quarter. Truist Financial Corp now owns 3,757 shares of the business services provider’s stock worth $810,000 after purchasing an additional 76 shares during the period. SkyView Investment Advisors LLC grew its stake in shares of FTI Consulting by 1.1% in the second quarter. SkyView Investment Advisors LLC now owns 8,184 shares of the business services provider’s stock worth $1,764,000 after purchasing an additional 86 shares during the last quarter. Cabot Wealth Management Inc. increased its holdings in FTI Consulting by 0.6% during the 3rd quarter. Cabot Wealth Management Inc. now owns 15,271 shares of the business services provider’s stock valued at $3,475,000 after purchasing an additional 94 shares during the period. Finally, Portside Wealth Group LLC raised its position in FTI Consulting by 6.9% during the 3rd quarter. Portside Wealth Group LLC now owns 1,563 shares of the business services provider’s stock valued at $356,000 after purchasing an additional 101 shares during the last quarter. 99.36% of the stock is owned by hedge funds and other institutional investors.

FTI Consulting Trading Down 1.7 %

FCN opened at $190.45 on Friday. The company has a market cap of $6.84 billion, a price-to-earnings ratio of 21.89 and a beta of 0.14. The stock has a fifty day simple moving average of $196.98 and a two-hundred day simple moving average of $212.16. FTI Consulting, Inc. has a 12-month low of $185.93 and a 12-month high of $243.60.

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

Wall Street Analyst Weigh In

FCN has been the topic of a number of recent analyst reports. Truist Financial lifted their price objective on 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 report on Saturday, November 2nd.

About FTI Consulting

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.