Retirement Systems of Alabama Acquires 90 Shares of FTI Consulting, Inc. (NYSE: FCN)

Retirement Systems of Alabama raised its position in FTI Consulting, Inc. (NYSE: FCN – Get Rating) by 0.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,990 shares of the business services provider’s stock after buying an additional 90 shares during the quarter. Retirement Systems of Alabama’s holdings in FTI Consulting were worth, 7,073,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in FCN. BNP Paribas Arbitrage SA increased its holdings in FTI Consulting by 5.7% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 6,757 shares of the business services provider’s stock valued at $ 910,000 after buying an additional 366 shares during the period. Moors & Cabot Inc. bought a new position in FTI Consulting in the 3rd quarter valued at about $ 95,000. UBS Asset Management Americas Inc. increased its holdings in FTI Consulting by 1.5% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 79,326 shares of the business services provider’s stock valued at $ 10,685,000 after buying an additional 1,150 shares during the period. Crossmark Global Holdings Inc. boosted its stake in shares of FTI Consulting by 83.0% in the 4th quarter. Crossmark Global Holdings Inc. now owns 8,290 shares of the business services provider’s stock valued at $ 1,272,000 after purchasing an additional 3,760 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in shares of FTI Consulting by 1.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 4,040 shares of the business services provider’s stock valued at $ 620,000 after purchasing an additional 72 shares in the last quarter.

Several equities research analysts recently commented on FCN shares. StockNews.com downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating in a research report on Saturday, May 7th. Truist Financial lifted their target price on shares of FTI Consulting from $ 200.00 to $ 220.00 and gave the stock a “buy” rating in a research report on Monday, June 6th.

Shares of NYSE FCN opened at 1 181.99 on Wednesday. The company has a market capitalization of 6.27 billion, a P / E ratio of 28.17 and a beta of 0.37. FTI Consulting, Inc. has a 52-week low of 131.50 and a 52-week high of $ 184.58. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.40 and a current ratio of 2.40. The company’s 50 day moving average price is $ 167.03 and its 200-day moving average price is 157.20.

FTI Consulting (NYSE: FCN – Get Rating) last issued its quarterly earnings results on Thursday, April 28th. The business services provider reported $ 1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $ 1.33 by $ 0.33. The firm had revenue of $ 723.62 million for the quarter, compared to the consensus estimate of $ 702.83 million. FTI Consulting had a net margin of 8.17% and a return on equity of 14.88%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $ 1.89 EPS. Analysts forecast that FTI Consulting, Inc. will post 6.87 earnings per share for the current year.

FTI Consulting 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.

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