State of New Jersey Common Pension Fund D Sells 174 Shares of FTI Consulting, Inc. (NYSE:FCN)

State of New Jersey Common Pension Fund D cut its holdings in FTI Consulting, Inc. (NYSE:FCN) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,166 shares of the business services provider’s stock after selling 174 shares during the period. State of New Jersey Common Pension Fund D’s holdings in FTI Consulting were worth $2,996,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. UMB Bank n.a. grew its position in shares of FTI Consulting by 76.6% in the third quarter. UMB Bank n.a. now owns 166 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 72 shares in the last quarter. Signaturefd LLC grew its holdings in FTI Consulting by 65.9% during the 2nd quarter. Signaturefd LLC now owns 204 shares of the business services provider’s stock valued at $44,000 after buying an additional 81 shares in the last quarter. Covestor Ltd grew its holdings in FTI Consulting by 76.4% during the 1st quarter. Covestor Ltd now owns 217 shares of the business services provider’s stock valued at $46,000 after buying an additional 94 shares in the last quarter. Versant Capital Management Inc increased its position in shares of FTI Consulting by 593.8% during the second quarter. Versant Capital Management Inc now owns 222 shares of the business services provider’s stock valued at $48,000 after buying an additional 190 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. boosted its position in shares of FTI Consulting by 284.1% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 242 shares of the business services provider’s stock valued at $52,000 after acquiring an additional 179 shares during the period. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on FCN shares. 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. StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a report on Saturday, November 2nd.

FTI Consulting Trading Down 1.0 %

Shares of FTI Consulting stock opened at $201.87 on Wednesday. The business’s 50-day moving average price is $218.00 and its 200-day moving average price is $218.66. The firm has a market capitalization of $7.26 billion, a PE ratio of 23.20 and a beta of 0.12. FTI Consulting, Inc. has a 12 month low of $185.93 and a 12 month high of $243.60.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings results on Thursday, October 24th. The business services provider reported $1.85 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.21). FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. The business had revenue of $926.00 million for the quarter, compared to analysts’ expectations of $946.16 million. During the same period last year, the business posted $2.34 earnings per share. The company’s revenue was up 3.7% compared to the same quarter last year. As a group, analysts predict that FTI Consulting, Inc. will post 8.1 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.