FTI Consulting (NYSE:FCN) Shares Down 2.5% – Should You Sell?

FTI Consulting, Inc. (NYSE:FCN)’s stock price dropped 2.5% during trading on Wednesday . The company traded as low as $190.90 and last traded at $192.01. Approximately 34,223 shares were traded during trading, a decline of 77% from the average daily volume of 151,041 shares. The stock had previously closed at $197.01.

Analyst Ratings Changes

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

FTI Consulting Trading Down 1.7 %

The stock’s 50-day moving average price is $197.25 and its 200-day moving average price is $212.33. The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 21.89 and a beta of 0.14.

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

Institutional Investors Weigh In On FTI Consulting

A number of hedge funds have recently added to or reduced their stakes in the business. Mawer Investment Management Ltd. boosted its holdings in shares of FTI Consulting by 3.2% during the 3rd quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider’s stock worth $891,201,000 after buying an additional 123,177 shares in the last quarter. State Street Corp boosted its stake in 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 worth $241,519,000 after acquiring an additional 28,105 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in FTI Consulting by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 692,044 shares of the business services provider’s stock worth $149,164,000 after purchasing an additional 39,271 shares during the period. Geode Capital Management LLC increased its stake in FTI Consulting by 2.4% in 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 purchasing an additional 16,171 shares in the last quarter. Finally, Stephens Investment Management Group LLC raised its holdings 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 purchasing an additional 34,144 shares during the period. 99.36% of the stock is currently owned by institutional investors.

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.