California Public Employees Retirement System Buys 352 Shares of FTI Consulting, Inc. (NYSE:FCN)


California Public Employees Retirement System increased its position in FTI Consulting, Inc. (NYSE:FCN – Get Rating) by 0.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 76,714 shares of the business services provider’s stock after buying an additional 352 shares during the quarter. California Public Employees Retirement System owned 0.22% of FTI Consulting worth $12,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC increased its stake in shares of FTI Consulting by 132.5% in the first quarter. Signaturefd LLC now owns 193 shares of the business services provider’s stock valued at $30,000 after buying an additional 110 shares during the period. Covestor Ltd acquired a new position in shares of FTI Consulting in the fourth quarter valued at approximately $46,000. MUFG Americas Holdings Corp increased its stake in shares of FTI Consulting by 155.2% in the fourth quarter. MUFG Americas Holdings Corp now owns 518 shares of the business services provider’s stock valued at $79,000 after buying an additional 315 shares during the period. Destiny Wealth Partners LLC increased its stake in shares of FTI Consulting by 27.4% in the first quarter. Destiny Wealth Partners LLC now owns 646 shares of the business services provider’s stock valued at $102,000 after buying an additional 139 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of FTI Consulting by 10.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 897 shares of the business services provider’s stock valued at $138,000 after buying an additional 86 shares during the period.

FTI Consulting Stock Performance

Shares of FCN stock opened at $160.98 on Friday. The company has a market cap of $5.56 billion, a price-to-earnings ratio of 26.30 and a beta of 0.29. FTI Consulting, Inc. has a 52 week low of $131.50 and a 52 week high of $190.43. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average of $174.25 and a 200-day moving average of $161.46.

FTI Consulting (NYSE:FCN – Get Rating) last announced its quarterly earnings data on Thursday, July 28th. The business services provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.24). The company had revenue of $754.99 million for the quarter, compared to analyst estimates of $737.95 million. FTI Consulting had a return on equity of 13.92% and a net margin of 7.65%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the business earned $1.74 EPS. On average, equities analysts forecast that FTI Consulting, Inc. will post 6.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FCN. Truist Financial increased their target price on shares of FTI Consulting from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Monday, June 6th. StockNews.com downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating in a research report on Saturday, May 7th.

FTI Consulting Company Profile

(Get Rating)

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications.

Further Reading

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Institutional Ownership by Quarter for FTI Consulting (NYSE:FCN)



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