Impact Capital Partners LLC Purchases New Stake in FTI Consulting, Inc. (NYSE:FCN)

Impact Capital Partners LLC acquired a new stake in shares of FTI Consulting, Inc. (NYSE:FCN) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 5,077 shares of the business services provider’s stock, valued at approximately $970,000.

Other institutional investors have also added to or reduced their stakes in the company. Prospera Private Wealth LLC purchased a new stake in FTI Consulting during the third quarter valued at about $34,000. Wilmington Savings Fund Society FSB purchased a new stake in FTI Consulting during the third quarter valued at about $35,000. Quarry LP lifted its holdings in FTI Consulting by 337.8% during the third quarter. Quarry LP now owns 162 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 125 shares during the last quarter. True Wealth Design LLC purchased a new stake in shares of FTI Consulting in the third quarter worth about $38,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of FTI Consulting by 394.0% in the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider’s stock worth $47,000 after buying an additional 197 shares in the last quarter. 99.36% of the stock is owned by hedge funds and other institutional investors.

FTI Consulting Price Performance

Shares of FCN opened at $160.90 on Thursday. The firm’s 50 day simple moving average is $185.38 and its 200 day simple moving average is $201.96. The company has a market capitalization of $5.78 billion, a P/E ratio of 20.63 and a beta of 0.14. FTI Consulting, Inc. has a 1-year low of $160.00 and a 1-year high of $243.60.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $1.56 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $913.70 million. On average, equities analysts anticipate that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on FCN shares. Truist Financial lowered their price target on shares of FTI Consulting from $275.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, February 21st. 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. Finally, StockNews.com downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Friday, February 21st.

About FTI Consulting

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.