Versor Investments LP Makes New Investment in FTI Consulting, Inc. (NYSE:FCN)

Versor Investments LP bought a new position in FTI Consulting, Inc. (NYSE:FCN) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,600 shares of the business services provider’s stock, valued at approximately $688,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FCN. Prospera Private Wealth LLC bought a new position in shares of FTI Consulting during the 3rd quarter valued at $34,000. Wilmington Savings Fund Society FSB bought a new position in shares of FTI Consulting during the 3rd quarter valued at $35,000. Quarry LP raised its holdings 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 valued at $37,000 after purchasing an additional 125 shares in the last quarter. True Wealth Design LLC bought a new position in shares of FTI Consulting during the 3rd quarter valued at $38,000. Finally, UMB Bank n.a. raised its holdings 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 valued at $51,000 after purchasing an additional 99 shares in the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

FTI Consulting Trading Up 0.4 %

NYSE:FCN opened at $165.55 on Friday. FTI Consulting, Inc. has a 1 year low of $161.24 and a 1 year high of $243.60. The firm’s fifty day simple moving average is $189.50 and its 200 day simple moving average is $205.31. The firm has a market capitalization of $5.95 billion, a PE ratio of 21.22 and a beta of 0.15.

FTI Consulting (NYSE:FCN) last posted its earnings results on Thursday, February 20th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.17). The firm had revenue of $894.92 million during the quarter, compared to analyst estimates of $913.70 million. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. As a group, analysts anticipate that FTI Consulting, Inc. will post 8.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FCN has been the topic of a number of recent research reports. The Goldman Sachs Group cut 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. StockNews.com lowered shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Truist Financial lowered their target price 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.