Y Intercept Hong Kong Ltd Purchases Shares of 5,026 FTI Consulting, Inc. (NYSE:FCN)

Y Intercept Hong Kong Ltd acquired a new position in shares of FTI Consulting, Inc. (NYSE:FCN) during the 4th quarter, Holdings Channel reports. The firm acquired 5,026 shares of the business services provider’s stock, valued at approximately $961,000.

Other institutional investors also recently modified their holdings of the company. Prospera Private Wealth LLC bought a new position in FTI Consulting during the third quarter worth about $34,000. Wilmington Savings Fund Society FSB bought a new stake in FTI Consulting in the third quarter valued at approximately $35,000. Quarry LP lifted its position in shares of FTI Consulting by 337.8% in the third 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 last quarter. True Wealth Design LLC acquired a new stake in shares of FTI Consulting in the third quarter valued at approximately $38,000. Finally, UMB Bank n.a. boosted its stake in shares of FTI Consulting by 59.6% during the 4th 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. 99.36% of the stock is currently owned by institutional investors and hedge funds.

FTI Consulting Stock Up 0.4 %

FCN stock opened at $164.79 on Friday. The company’s 50-day moving average price is $189.50 and its two-hundred day moving average price is $205.31. FTI Consulting, Inc. has a 12 month low of $161.24 and a 12 month high of $243.60. The firm has a market cap of $5.92 billion, a P/E ratio of 21.13 and a beta of 0.15.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $1.56 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.17). FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. The firm had revenue of $894.92 million for the quarter, compared to analyst estimates of $913.70 million. Equities analysts predict that FTI Consulting, Inc. will post 8.55 EPS for the current year.

Wall Street Analysts Forecast Growth

FCN has been the subject of a number of research analyst reports. Truist Financial reduced their price objective on shares of FTI Consulting from $275.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, February 21st. StockNews.com downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Finally, The Goldman Sachs Group lowered 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, February 21st.

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.