Genesis Private Wealth LLC Invests $245,000 in FTI Consulting, Inc. (NYSE:FCN)

Genesis Private Wealth LLC bought a new position in FTI Consulting, Inc. (NYSE:FCNFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,282 shares of the business services provider’s stock, valued at approximately $245,000.

Several other institutional investors have also made changes to their positions in the company. Mountain Pacific Investment Advisers LLC increased its position in shares of FTI Consulting by 41.4% in the fourth quarter. Mountain Pacific Investment Advisers LLC now owns 93,868 shares of the business services provider’s stock worth $17,941,000 after acquiring an additional 27,495 shares in the last quarter. UMB Bank n.a. increased its position 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 in the last quarter. Diversify Wealth Management LLC increased its position in shares of FTI Consulting by 18.1% in the fourth quarter. Diversify Wealth Management LLC now owns 5,603 shares of the business services provider’s stock worth $1,080,000 after acquiring an additional 860 shares in the last quarter. DB Fitzpatrick & Co Inc increased its position in shares of FTI Consulting by 19.7% in the fourth quarter. DB Fitzpatrick & Co Inc now owns 7,207 shares of the business services provider’s stock worth $1,377,000 after acquiring an additional 1,185 shares in the last quarter. Finally, Financial Enhancement Group LLC increased its position in shares of FTI Consulting by 92.0% in the fourth quarter. Financial Enhancement Group LLC now owns 46,569 shares of the business services provider’s stock worth $9,079,000 after acquiring an additional 22,310 shares in the last quarter. 99.36% of the stock is owned by hedge funds and other institutional investors.

FTI Consulting Stock Performance

FCN stock opened at $194.96 on Wednesday. The stock has a market cap of $7.01 billion, a P/E ratio of 22.41 and a beta of 0.14. The firm has a 50 day simple moving average of $196.57 and a 200 day simple moving average of $211.78. FTI Consulting, Inc. has a 52 week low of $185.93 and a 52 week high of $243.60.

FTI Consulting (NYSE:FCNGet Free Report) last posted its 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 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%. FTI Consulting’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.34 earnings per share. Sell-side analysts predict that FTI Consulting, Inc. will post 8.1 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Truist Financial lifted their target price 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 report on Saturday, November 2nd.

Read Our Latest Stock Report on FCN

About FTI Consulting

(Free Report)

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.

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Institutional Ownership by Quarter for FTI Consulting (NYSE:FCN)

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