Proficio Capital Partners LLC Takes Position in FTI Consulting, Inc. (NYSE:FCN)

Proficio Capital Partners LLC bought a new position in shares of FTI Consulting, Inc. (NYSE:FCN) in the fourth quarter, Holdings Channel reports. The institutional investor bought 11,468 shares of the business services provider’s stock, valued at approximately $2,192,000.

Other large investors have also recently added to or reduced their stakes in the company. Prospera Private Wealth LLC acquired a new position in shares of FTI Consulting in the 3rd quarter worth approximately $34,000. Wilmington Savings Fund Society FSB bought a new position in FTI Consulting in the 3rd quarter valued at $35,000. Quarry LP boosted its stake in FTI Consulting by 337.8% in the third quarter. Quarry LP now owns 162 shares of the business services provider’s stock worth $37,000 after purchasing an additional 125 shares in the last quarter. True Wealth Design LLC bought a new stake in shares of FTI Consulting during the third quarter worth $38,000. Finally, Jones Financial Companies Lllp increased its stake in shares of FTI Consulting by 394.0% in the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider’s stock valued at $47,000 after buying an additional 197 shares in the last quarter. 99.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FCN has been the topic of a number of research analyst reports. Truist Financial decreased their price objective on shares of FTI Consulting from $275.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, February 21st. StockNews.com cut shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, The Goldman Sachs Group dropped their price objective on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a research report on Friday, February 21st.

FTI Consulting Stock Up 1.8 %

Shares of FCN stock opened at $166.64 on Wednesday. FTI Consulting, Inc. has a 12 month low of $158.92 and a 12 month high of $243.60. The firm has a market cap of $5.99 billion, a price-to-earnings ratio of 21.36 and a beta of 0.14. The stock has a 50-day moving average price of $182.58 and a 200 day moving average price of $199.81.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $1.56 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.17). FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. The business had revenue of $894.92 million for the quarter, compared to the consensus estimate of $913.70 million. Sell-side analysts predict that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

About FTI Consulting

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.