Tilia Fiduciary Partners Inc. Acquires 552 Shares of FTI Consulting, Inc. (NYSE:FCN)

Tilia Fiduciary Partners Inc. lifted its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 5.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,053 shares of the business services provider’s stock after purchasing an additional 552 shares during the period. FTI Consulting accounts for about 1.4% of Tilia Fiduciary Partners Inc.’s portfolio, making the stock its 26th biggest position. Tilia Fiduciary Partners Inc.’s holdings in FTI Consulting were worth $2,113,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Mawer Investment Management Ltd. lifted its stake in FTI Consulting by 3.2% in the third quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider’s stock valued at $891,201,000 after buying an additional 123,177 shares during the period. State Street Corp lifted its position in shares of FTI Consulting by 2.7% during 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 acquiring an additional 28,105 shares during the period. Dimensional Fund Advisors LP boosted its stake in FTI Consulting by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 692,044 shares of the business services provider’s stock worth $149,164,000 after acquiring an additional 39,271 shares in the last quarter. Geode Capital Management LLC grew its holdings in FTI Consulting by 2.4% in the third quarter. Geode Capital Management LLC now owns 685,762 shares of the business services provider’s stock worth $157,528,000 after purchasing an additional 16,171 shares during the period. Finally, Stephens Investment Management Group LLC increased its stake in FTI Consulting by 7.7% in the third quarter. Stephens Investment Management Group LLC now owns 475,036 shares of the business services provider’s stock valued at $108,099,000 after purchasing an additional 34,144 shares in the last quarter. Institutional investors and hedge funds own 99.36% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd. Truist Financial raised their price objective on FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th.

FTI Consulting Stock Down 0.7 %

FCN traded down $1.30 during trading on Friday, hitting $192.87. 208,279 shares of the company’s stock were exchanged, compared to its average volume of 162,476. FTI Consulting, Inc. has a fifty-two week low of $185.93 and a fifty-two week high of $243.60. The stock has a market cap of $6.93 billion, a P/E ratio of 22.17 and a beta of 0.14. The business’s 50 day moving average is $197.89 and its two-hundred day moving average is $213.04.

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