Axxcess Wealth Management LLC Takes $391,000 Position in FTI Consulting, Inc. (NYSE:FCN)

Axxcess Wealth Management LLC acquired a new position in shares of FTI Consulting, Inc. (NYSE:FCN) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,717 shares of the business services provider’s stock, valued at approximately $391,000.

Other institutional investors have also made changes to their positions in the company. UMB Bank n.a. raised 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 valued at $38,000 after purchasing an additional 72 shares during the last quarter. Signaturefd LLC grew its position in shares of 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 purchasing an additional 81 shares in the last quarter. Covestor Ltd grew its position in shares of FTI Consulting by 76.4% in the first quarter. Covestor Ltd now owns 217 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 94 shares in the last quarter. Versant Capital Management Inc grew its position in FTI Consulting by 593.8% during the second quarter. Versant Capital Management Inc now owns 222 shares of the business services provider’s stock worth $48,000 after buying an additional 190 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. grew its position in FTI Consulting by 284.1% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 242 shares of the business services provider’s stock worth $52,000 after buying an additional 179 shares in the last quarter. 99.36% of the stock is owned by institutional investors and hedge funds.

FTI Consulting Price Performance

NYSE FCN opened at $199.98 on Thursday. FTI Consulting, Inc. has a 1-year low of $185.93 and a 1-year high of $243.60. The business’s fifty day moving average price is $217.53 and its 200-day moving average price is $218.53. The stock has a market capitalization of $7.19 billion, a price-to-earnings ratio of 22.99 and a beta of 0.12.

FTI Consulting (NYSE:FCN) last issued its earnings results on Thursday, October 24th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.21). FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. The firm had revenue of $926.00 million during the quarter, compared to the consensus estimate of $946.16 million. During the same period last year, the firm posted $2.34 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities research analysts anticipate that FTI Consulting, Inc. will post 8.1 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Truist Financial boosted 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. StockNews.com upgraded FTI Consulting from a “hold” rating to a “buy” rating in a report on Saturday, November 2nd.

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.