Martingale Asset Management L P Buys 3,297 Shares of FTI Consulting, Inc. (NYSE:FCN)

Martingale Asset Management L P raised its holdings in FTI Consulting, Inc. (NYSE:FCN) by 8.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,384 shares of the business services provider’s stock after buying an additional 3,297 shares during the period. Martingale Asset Management L P owned about 0.11% of FTI Consulting worth $7,719,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in FTI Consulting during the third quarter worth about $35,000. Quarry LP grew its stake in FTI Consulting by 337.8% in the 3rd quarter. Quarry LP now owns 162 shares of the business services provider’s stock worth $37,000 after buying an additional 125 shares in the last quarter. Jones Financial Companies Lllp boosted its stake 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. UMB Bank n.a. boosted its stake 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 valued at $51,000 after purchasing an additional 99 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in FTI Consulting by 51.4% during the 4th quarter. Versant Capital Management Inc now owns 471 shares of the business services provider’s stock valued at $90,000 after buying an additional 160 shares during the last quarter. 99.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FCN has been the subject of several research reports. The Goldman Sachs Group decreased their price objective on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Truist Financial downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating and dropped their price target for the company from $225.00 to $178.00 in a report on Wednesday, April 2nd. Finally, StockNews.com cut shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Thursday, April 3rd.

FTI Consulting Price Performance

FTI Consulting stock opened at $161.62 on Thursday. The firm’s 50 day moving average price is $170.47 and its 200-day moving average price is $192.36. FTI Consulting, Inc. has a 1 year low of $151.75 and a 1 year high of $243.60. The stock has a market cap of $5.81 billion, a P/E ratio of 20.72 and a beta of 0.21.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings data 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). FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. The firm had revenue of $894.92 million for the quarter, compared to analysts’ expectations of $913.70 million. As a group, equities analysts expect that FTI Consulting, Inc. will post 8.55 EPS for the current year.

FTI Consulting Company 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.