Torray Investment Partners LLC Purchases Shares of 5,885 FTI Consulting, Inc. (NYSE:FCN)

Torray Investment Partners LLC purchased a new stake in FTI Consulting, Inc. (NYSE:FCN) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,885 shares of the business services provider’s stock, valued at approximately $1,125,000.

A number of other institutional investors have also recently bought and sold shares of FCN. Wealth Enhancement Advisory Services LLC raised its holdings in shares of FTI Consulting by 63.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,976 shares of the business services provider’s stock valued at $905,000 after purchasing an additional 1,538 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of FTI Consulting by 4.6% in the third quarter. State of Alaska Department of Revenue now owns 6,241 shares of the business services provider’s stock valued at $1,419,000 after purchasing an additional 275 shares during the last quarter. New York State Teachers Retirement System raised its holdings in shares of FTI Consulting by 4.4% in the third quarter. New York State Teachers Retirement System now owns 43,169 shares of the business services provider’s stock valued at $9,824,000 after purchasing an additional 1,806 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of FTI Consulting by 9.6% in the third quarter. Farther Finance Advisors LLC now owns 2,180 shares of the business services provider’s stock valued at $496,000 after purchasing an additional 191 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of FTI Consulting by 40.0% in the third quarter. Van ECK Associates Corp now owns 22,250 shares of the business services provider’s stock valued at $5,106,000 after purchasing an additional 6,358 shares during the last quarter. Institutional investors own 99.36% of the company’s stock.

FTI Consulting Trading Down 0.6 %

Shares of FCN opened at $164.65 on Tuesday. The company has a market cap of $5.91 billion, a price-to-earnings ratio of 21.11 and a beta of 0.15. FTI Consulting, Inc. has a 1-year low of $161.24 and a 1-year high of $243.60. The company’s fifty day simple moving average is $188.91 and its 200 day simple moving average is $204.74.

FTI Consulting (NYSE:FCN) last issued its 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). The firm had revenue of $894.92 million for the quarter, compared to analyst estimates of $913.70 million. FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. As a group, research analysts forecast that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FCN shares. StockNews.com downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating in a report on Friday, February 21st. The Goldman Sachs Group lowered their price objective on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Finally, Truist Financial lowered their target price 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.

FTI Consulting Company 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.