Diversify Wealth Management LLC Raises Stake in FTI Consulting, Inc. (NYSE:FCN)

Diversify Wealth Management LLC lifted its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 18.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,603 shares of the business services provider’s stock after acquiring an additional 860 shares during the period. Diversify Wealth Management LLC’s holdings in FTI Consulting were worth $1,080,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Prospera Private Wealth LLC purchased a new position in FTI Consulting during the third quarter worth about $34,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of FTI Consulting during the 3rd quarter valued at approximately $35,000. Quarry LP lifted its holdings in 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 acquiring an additional 125 shares during the last quarter. UMB Bank n.a. grew 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 acquiring an additional 72 shares during the period. Finally, True Wealth Design LLC acquired a new stake in FTI Consulting during the third quarter worth $38,000. Institutional investors and hedge funds own 99.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. StockNews.com upgraded FTI Consulting from a “hold” rating to a “buy” rating in a report on Saturday, November 2nd. Truist Financial lifted their price target on shares of FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th.

FTI Consulting Trading Down 1.7 %

Shares of NYSE FCN opened at $190.45 on Tuesday. The stock has a market capitalization of $6.84 billion, a PE ratio of 21.89 and a beta of 0.14. FTI Consulting, Inc. has a twelve month low of $185.93 and a twelve month high of $243.60. The stock has a fifty day simple moving average of $196.71 and a 200-day simple moving average of $211.91.

FTI Consulting (NYSE:FCN) last released its earnings results on Thursday, October 24th. The business services provider reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.21). The firm 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%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.34 earnings per share. On average, equities analysts predict that FTI Consulting, Inc. will post 8.1 earnings per share for the current year.

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.