Orion Portfolio Solutions LLC Purchases 168 Shares of FTI Consulting, Inc. (NYSE:FCN)

Orion Portfolio Solutions LLC increased its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,338 shares of the business services provider’s stock after buying an additional 168 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in FTI Consulting were worth $1,976,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FCN. Pictet Asset Management Holding SA grew its stake in shares of FTI Consulting by 11.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 4,869 shares of the business services provider’s stock worth $931,000 after acquiring an additional 498 shares in the last quarter. Norges Bank bought a new position in FTI Consulting in the fourth quarter valued at $15,260,000. JPMorgan Chase & Co. grew its position in FTI Consulting by 10.7% in the fourth quarter. JPMorgan Chase & Co. now owns 87,594 shares of the business services provider’s stock valued at $16,742,000 after purchasing an additional 8,474 shares in the last quarter. WINTON GROUP Ltd increased its stake in FTI Consulting by 123.2% in the 4th quarter. WINTON GROUP Ltd now owns 4,962 shares of the business services provider’s stock valued at $948,000 after buying an additional 2,739 shares during the last quarter. Finally, Montanaro Asset Management Ltd lifted its position in FTI Consulting by 50.0% during the 4th quarter. Montanaro Asset Management Ltd now owns 45,000 shares of the business services provider’s stock worth $8,601,000 after buying an additional 15,000 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 research firms recently issued reports on FCN. The Goldman Sachs Group lowered their target price 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. StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. Finally, Truist Financial cut shares of FTI Consulting from a “buy” rating to a “hold” rating and decreased their target price for the company from $225.00 to $178.00 in a research note on Wednesday.

FTI Consulting Stock Performance

Shares of NYSE:FCN opened at $161.45 on Thursday. The company has a 50-day simple moving average of $175.74 and a 200 day simple moving average of $195.43. The company has a market capitalization of $5.80 billion, a P/E ratio of 20.70 and a beta of 0.14. FTI Consulting, Inc. has a 52-week low of $157.52 and a 52-week high of $243.60.

FTI Consulting (NYSE:FCN) last issued its earnings results on Thursday, February 20th. The business services provider reported $1.56 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.17). The business had revenue of $894.92 million for the quarter, compared to the consensus estimate of $913.70 million. FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. As a group, equities analysts forecast that FTI Consulting, Inc. will post 8.55 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.