Standard Family Office LLC grew its stake in FTI Consulting, Inc. (NYSE:FCN) by 25.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 719 shares of the business services provider’s stock after purchasing an additional 144 shares during the period. Standard Family Office LLC’s holdings in FTI Consulting were worth $101,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in FCN. US Bancorp DE boosted its stake in shares of FTI Consulting by 107.6% in the fourth quarter. US Bancorp DE now owns 382 shares of the business services provider’s stock valued at $43,000 after buying an additional 198 shares in the last quarter. IronBridge Private Wealth LLC purchased a new stake in shares of FTI Consulting in the fourth quarter valued at $66,000. Steward Partners Investment Advisory LLC acquired a new position in FTI Consulting in the fourth quarter valued at $66,000. Group One Trading L.P. acquired a new position in FTI Consulting in the first quarter valued at $84,000. Finally, Wolff Wiese Magana LLC increased its stake in FTI Consulting by 23.1% during the first quarter. Wolff Wiese Magana LLC now owns 655 shares of the business services provider’s stock worth $92,000 after acquiring an additional 123 shares during the last quarter.
Several brokerages have recently weighed in on FCN. Berenberg Bank began coverage on FTI Consulting in a research report on Wednesday, May 12th. They issued a “buy” rating and a $180.00 target price for the company. Zacks Investment Research raised FTI Consulting from a “hold” rating to a “buy” rating and set a $151.00 price target for the company in a report on Tuesday, May 18th. Truist increased their price target on FTI Consulting from $155.00 to $165.00 in a report on Thursday, March 11th. Finally, Truist Securities increased their target price on FTI Consulting from $155.00 to $165.00 in a report on Thursday, March 11th.
FTI Consulting (NYSE:FCN) last issued its quarterly earnings results on Thursday, April 29th. The business services provider reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.71. The company had revenue of $686.28 million for the quarter, compared to analysts’ expectations of $616.84 million. FTI Consulting had a return on equity of 15.98% and a net margin of 8.59%. As a group, equities analysts predict that FTI Consulting, Inc. will post 6.16 EPS for the current fiscal year.
In other news, insider Holly Paul sold 31,180 shares of the firm’s stock in a transaction on Friday, May 7th. The stock was sold at an average price of $143.93, for a total transaction of $4,487,737.40. Following the completion of the sale, the insider now directly owns 43,324 shares of the company’s stock, valued at approximately $6,235,623.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.32% of the company’s stock.
FTI Consulting Company Profile
FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. Its Corporate Finance & Restructuring segment provides business transformation, transactions, turnaround, restructuring, and bankruptcy services. The company's Forensic and Litigation Consulting segment offers anti-corruption/anti-money laundering investigations and compliance, and data and analytics, as well as compliance, monitoring, and receivership services; cybersecurity, forensic accounting and advisory, and global risk and investigations practice; and construction solutions, dispute advisory, trial, insurance claims, health and environmental solutions, and export controls and sanctions.
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