Charles Schwab Investment Management Inc. Purchases 7,804 Shares of FTI Consulting, Inc. (NYSE:FCN)

Charles Schwab Investment Management Inc. lifted its position in FTI Consulting, Inc. (NYSE:FCN) by 1.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 430,776 shares of the business services provider’s stock after buying an additional 7,804 shares during the period. Charles Schwab Investment Management Inc.’s holdings in FTI Consulting were worth $98,027,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of FCN. Prospera Private Wealth LLC purchased a new position in FTI Consulting in the third quarter worth $34,000. UMB Bank n.a. boosted its position in shares of FTI Consulting by 76.6% in the 3rd 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 in the last quarter. Signaturefd LLC boosted its position in shares of FTI Consulting by 65.9% in the 2nd quarter. Signaturefd LLC now owns 204 shares of the business services provider’s stock worth $44,000 after purchasing an additional 81 shares in the last quarter. Versant Capital Management Inc grew its stake in FTI Consulting by 593.8% during the 2nd 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 during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. increased its position in FTI Consulting by 284.1% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 242 shares of the business services provider’s stock valued at $52,000 after buying an additional 179 shares in the last quarter. Institutional investors own 99.36% of the company’s stock.

FTI Consulting Stock Performance

FTI Consulting stock opened at $203.80 on Wednesday. The business’s 50-day simple moving average is $214.05 and its two-hundred day simple moving average is $217.53. The company has a market cap of $7.33 billion, a PE ratio of 23.42 and a beta of 0.12. FTI Consulting, Inc. has a fifty-two week low of $185.93 and a fifty-two week high of $243.60.

FTI Consulting (NYSE:FCN) last issued its earnings results on Thursday, October 24th. The business services provider reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.21). FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. The firm had revenue of $926.00 million during the quarter, compared to analysts’ expectations of $946.16 million. During the same quarter in the prior year, the company earned $2.34 EPS. FTI Consulting’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, analysts predict that FTI Consulting, Inc. will post 8.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FCN. Truist Financial boosted their price target on FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. StockNews.com upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a research note 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.