James Investment Research Inc. Has $1.29 Million Stock Position in FTI Consulting, Inc. (NYSE:FCN)

James Investment Research Inc. grew its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 3.5% during the third quarter, Holdings Channel reports. The firm owned 5,645 shares of the business services provider’s stock after purchasing an additional 190 shares during the period. James Investment Research Inc.’s holdings in FTI Consulting were worth $1,285,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC raised its holdings in FTI Consulting by 9.6% during the third quarter. Farther Finance Advisors LLC now owns 2,180 shares of the business services provider’s stock valued at $496,000 after buying an additional 191 shares in the last quarter. Stephens Investment Management Group LLC increased its holdings in shares of FTI Consulting by 7.7% during the 3rd quarter. Stephens Investment Management Group LLC now owns 475,036 shares of the business services provider’s stock valued at $108,099,000 after acquiring an additional 34,144 shares during the last quarter. Congress Asset Management Co. raised its stake in shares of FTI Consulting by 4.3% in the 3rd quarter. Congress Asset Management Co. now owns 211,370 shares of the business services provider’s stock valued at $48,099,000 after acquiring an additional 8,736 shares in the last quarter. Diversify Wealth Management LLC lifted its holdings in FTI Consulting by 2.9% in the 3rd quarter. Diversify Wealth Management LLC now owns 4,743 shares of the business services provider’s stock worth $1,089,000 after purchasing an additional 132 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its position in FTI Consulting by 4.4% during the third quarter. New York State Teachers Retirement System now owns 43,169 shares of the business services provider’s stock worth $9,824,000 after purchasing an additional 1,806 shares during the period. Institutional investors and hedge funds own 99.36% of the company’s stock.

FTI Consulting Stock Performance

FTI Consulting stock opened at $198.92 on Friday. The business’s 50-day simple moving average is $221.67 and its 200-day simple moving average is $219.02. FTI Consulting, Inc. has a 52 week low of $185.93 and a 52 week high of $243.60. The firm has a market capitalization of $7.15 billion, a PE ratio of 22.86 and a beta of 0.10.

FTI Consulting (NYSE:FCN) last issued its earnings results on Thursday, October 24th. The business services provider reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.21). The business had revenue of $926.00 million for the quarter, compared to analyst estimates of $946.16 million. FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. FTI Consulting’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.34 earnings per share. Research analysts forecast that FTI Consulting, Inc. will post 8.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on FCN shares. Truist Financial lifted 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. StockNews.com upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a research note on Saturday.

FTI Consulting 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.