Swiss National Bank Purchases 900 Shares of FTI Consulting, Inc. (NYSE:FCN)

Swiss National Bank grew its position in FTI Consulting, Inc. (NYSE:FCN) by 1.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 70,600 shares of the business services provider’s stock after buying an additional 900 shares during the period. Swiss National Bank’s holdings in FTI Consulting were worth $13,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Prospera Private Wealth LLC acquired a new stake in FTI Consulting in the 3rd quarter valued at about $34,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of FTI Consulting in the third quarter valued at approximately $35,000. Quarry LP boosted its stake in shares of FTI Consulting by 337.8% during the 3rd quarter. Quarry LP now owns 162 shares of the business services provider’s stock worth $37,000 after acquiring an additional 125 shares during the period. True Wealth Design LLC acquired a new position in shares of FTI Consulting during the 3rd quarter worth approximately $38,000. Finally, Jones Financial Companies Lllp raised its stake in FTI Consulting by 394.0% in the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 197 shares during the period. Institutional investors own 99.36% of the company’s stock.

FTI Consulting Price Performance

Shares of NYSE FCN opened at $165.17 on Thursday. FTI Consulting, Inc. has a one year low of $158.92 and a one year high of $243.60. The firm has a market cap of $5.93 billion, a price-to-earnings ratio of 21.18 and a beta of 0.14. The stock’s fifty day moving average price is $182.00 and its two-hundred day moving average price is $199.57.

FTI Consulting (NYSE:FCN) last released its quarterly earnings results 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 business had revenue of $894.92 million during the quarter, compared to analyst estimates of $913.70 million. On average, equities analysts anticipate that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on FCN. The Goldman Sachs Group reduced their price objective on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. StockNews.com cut shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Truist Financial decreased their price target on shares of FTI Consulting from $275.00 to $225.00 and set a “buy” rating on the stock in a research note 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.