FTI Consulting (NYSE:FCN) Sees Strong Trading Volume – What’s Next?

FTI Consulting, Inc. (NYSE:FCNGet Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 286,590 shares were traded during mid-day trading, an increase of 66% from the previous session’s volume of 172,661 shares.The stock last traded at $192.56 and had previously closed at $190.53.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd. Truist Financial boosted their price target on shares of FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th.

View Our Latest Report on FCN

FTI Consulting Stock Up 1.3 %

The business’s fifty day moving average price is $196.71 and its 200 day moving average price is $211.91. The firm has a market capitalization of $6.94 billion, a PE ratio of 22.19 and a beta of 0.14.

FTI Consulting (NYSE:FCNGet Free Report) last issued its quarterly earnings results on Thursday, October 24th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.21). FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. The firm had revenue of $926.00 million for the quarter, compared to analyst estimates of $946.16 million. During the same quarter last year, the firm earned $2.34 earnings per share. The company’s revenue was up 3.7% compared to the same quarter last year. On average, analysts anticipate that FTI Consulting, Inc. will post 8.1 earnings per share for the current year.

Institutional Trading of FTI Consulting

Several large investors have recently modified their holdings of the business. Mawer Investment Management Ltd. grew its position in shares of FTI Consulting by 3.2% in the third quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider’s stock valued at $891,201,000 after purchasing an additional 123,177 shares during the last quarter. State Street Corp lifted its stake in shares of FTI Consulting by 2.7% during the third quarter. State Street Corp now owns 1,061,341 shares of the business services provider’s stock valued at $241,519,000 after buying an additional 28,105 shares during the period. Geode Capital Management LLC lifted its stake in shares of FTI Consulting by 2.4% during the third quarter. Geode Capital Management LLC now owns 685,762 shares of the business services provider’s stock valued at $157,528,000 after buying an additional 16,171 shares during the period. Stephens Investment Management Group LLC lifted its stake in shares of FTI Consulting by 7.7% during the third quarter. Stephens Investment Management Group LLC now owns 475,036 shares of the business services provider’s stock valued at $108,099,000 after buying an additional 34,144 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of FTI Consulting by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 430,776 shares of the business services provider’s stock valued at $98,027,000 after buying an additional 7,804 shares during the period. 99.36% of the stock is currently owned by institutional investors and hedge funds.

About FTI Consulting

(Get Free Report)

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.

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