Envestnet Portfolio Solutions Inc. Buys 131 Shares of FTI Consulting, Inc. (NYSE:FCN)

Envestnet Portfolio Solutions Inc. increased its position in FTI Consulting, Inc. (NYSE:FCN) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,159 shares of the business services provider’s stock after purchasing an additional 131 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in FTI Consulting were worth $604,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FCN. Wilmington Savings Fund Society FSB bought a new position in shares of FTI Consulting during the 3rd quarter worth $35,000. Quarry LP grew its holdings in FTI Consulting by 337.8% during the 3rd quarter. Quarry LP now owns 162 shares of the business services provider’s stock worth $37,000 after acquiring an additional 125 shares in the last quarter. True Wealth Design LLC purchased a new position in FTI Consulting during the 3rd quarter valued at about $38,000. Jones Financial Companies Lllp raised its holdings in shares of FTI Consulting by 394.0% in the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 197 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in shares of FTI Consulting by 59.6% in the 4th quarter. UMB Bank n.a. now owns 265 shares of the business services provider’s stock worth $51,000 after purchasing an additional 99 shares during the period. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Truist Financial reduced their price objective on shares of FTI Consulting from $275.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, February 21st. StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. Finally, The Goldman Sachs Group dropped their price objective on FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st.

FTI Consulting Trading Up 0.1 %

NYSE FCN opened at $160.70 on Tuesday. The firm’s fifty day simple moving average is $180.01 and its two-hundred day simple moving average is $198.06. The firm has a market capitalization of $5.77 billion, a P/E ratio of 20.60 and a beta of 0.14. FTI Consulting, Inc. has a 12-month low of $158.88 and a 12-month high of $243.60.

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