Kathleen S. Wright Associates Inc. Buys New Stake in FTI Consulting, Inc. (NYSE:FCN)

Kathleen S. Wright Associates Inc. purchased a new position in FTI Consulting, Inc. (NYSE:FCN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 257 shares of the business services provider’s stock, valued at approximately $58,000.

Other institutional investors also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. boosted its stake in FTI Consulting by 4.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,119 shares of the business services provider’s stock valued at $241,000 after buying an additional 52 shares in the last quarter. Allegheny Financial Group LTD boosted its position in FTI Consulting by 6.5% in the 2nd quarter. Allegheny Financial Group LTD now owns 1,182 shares of the business services provider’s stock valued at $255,000 after buying an additional 72 shares during the last quarter. UMB Bank n.a. increased its position in FTI Consulting by 76.6% in the third quarter. UMB Bank n.a. now owns 166 shares of the business services provider’s stock worth $38,000 after purchasing an additional 72 shares during the period. Truist Financial Corp lifted its holdings in FTI Consulting by 2.1% in the second quarter. Truist Financial Corp now owns 3,757 shares of the business services provider’s stock valued at $810,000 after buying an additional 76 shares during the period. Finally, Signaturefd LLC boosted its stake in FTI Consulting by 65.9% in the second quarter. Signaturefd LLC now owns 204 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 81 shares during the last quarter. 99.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FCN has been the topic of several analyst reports. Truist Financial increased their target price on FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. William Blair restated an “outperform” rating on shares of FTI Consulting in a report on Tuesday, June 25th. Finally, StockNews.com upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a report on Thursday, July 25th.

Insiders Place Their Bets

In other FTI Consulting news, Director Mark S. Bartlett sold 2,000 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $227.12, for a total transaction of $454,240.00. Following the sale, the director now directly owns 26,099 shares in the company, valued at $5,927,604.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.51% of the company’s stock.

FTI Consulting Stock Up 0.3 %

NYSE FCN traded up $0.72 during trading hours on Monday, reaching $224.21. 10,996 shares of the company’s stock were exchanged, compared to its average volume of 168,019. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.20 and a current ratio of 2.20. FTI Consulting, Inc. has a one year low of $181.25 and a one year high of $243.60. The company’s 50-day moving average is $222.97 and its two-hundred day moving average is $218.36. The company has a market capitalization of $8.00 billion, a price-to-earnings ratio of 25.99 and a beta of 0.10.

FTI Consulting (NYSE:FCN) last announced its earnings results on Thursday, July 25th. The business services provider reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.32. FTI Consulting had a return on equity of 16.34% and a net margin of 8.90%. The business had revenue of $949.16 million for the quarter, compared to analyst estimates of $938.67 million. During the same quarter last year, the firm earned $1.75 EPS. FTI Consulting’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, analysts forecast that FTI Consulting, Inc. will post 8.48 EPS for the current fiscal year.

FTI Consulting Company 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.