Pictet Asset Management Holding SA Has $931,000 Stock Position in FTI Consulting, Inc. (NYSE:FCN)

Pictet Asset Management Holding SA raised its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 11.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,869 shares of the business services provider’s stock after acquiring an additional 498 shares during the period. Pictet Asset Management Holding SA’s holdings in FTI Consulting were worth $931,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. BNP Paribas Financial Markets grew its holdings in FTI Consulting by 220.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,004 shares of the business services provider’s stock valued at $2,049,000 after buying an additional 6,195 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of FTI Consulting by 26.6% in the third quarter. Captrust Financial Advisors now owns 4,496 shares of the business services provider’s stock worth $1,023,000 after acquiring an additional 945 shares during the last quarter. Quarry LP increased its position in FTI Consulting by 337.8% during the third quarter. Quarry LP now owns 162 shares of the business services provider’s stock worth $37,000 after acquiring an additional 125 shares during the period. Quadrature Capital Ltd acquired a new position in FTI Consulting during the 3rd quarter valued at $798,000. Finally, State Street Corp boosted its holdings in FTI Consulting by 2.7% in the 3rd quarter. State Street Corp now owns 1,061,341 shares of the business services provider’s stock valued at $241,519,000 after purchasing an additional 28,105 shares during the period. 99.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. StockNews.com downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating in a report on Thursday. Truist Financial cut FTI Consulting from a “buy” rating to a “hold” rating and cut their price target for the company from $225.00 to $178.00 in a report on Wednesday, April 2nd. Finally, The Goldman Sachs Group decreased their price objective on FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock in a report on Friday, February 21st.

FTI Consulting Stock Down 2.1 %

NYSE:FCN opened at $158.09 on Monday. The firm has a market capitalization of $5.68 billion, a PE ratio of 20.27 and a beta of 0.21. FTI Consulting, Inc. has a 12-month low of $157.46 and a 12-month high of $243.60. The firm has a 50-day moving average price of $174.48 and a 200 day moving average price of $194.34.

FTI Consulting (NYSE:FCN) last issued 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). FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. The company had revenue of $894.92 million during the quarter, compared to analyst estimates of $913.70 million. On average, research analysts expect that FTI Consulting, Inc. will post 8.55 EPS for the current 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.