Dakota Wealth Management Increases Stock Holdings in FTI Consulting, Inc. (NYSE:FCN)

Dakota Wealth Management raised its stake in FTI Consulting, Inc. (NYSE:FCN) by 570.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 6,521 shares of the business services provider’s stock after acquiring an additional 5,548 shares during the period. Dakota Wealth Management’s holdings in FTI Consulting were worth $1,246,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Prospera Private Wealth LLC purchased a new position in FTI Consulting in the third quarter valued at approximately $34,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of FTI Consulting in the third quarter valued at approximately $35,000. Quarry LP boosted its holdings in shares of FTI Consulting by 337.8% in the third quarter. Quarry LP now owns 162 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 125 shares during the period. UMB Bank n.a. boosted its holdings 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 acquiring an additional 72 shares during the period. Finally, True Wealth Design LLC acquired a new stake in shares of FTI Consulting in the third quarter valued at approximately $38,000. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised FTI Consulting from a “hold” rating to a “buy” rating in a report on Saturday, November 2nd.

FTI Consulting Price Performance

Shares of NYSE FCN opened at $191.62 on Friday. The stock has a fifty day moving average price of $196.43 and a 200 day moving average price of $211.65. The company has a market cap of $6.89 billion, a PE ratio of 22.02 and a beta of 0.14. FTI Consulting, Inc. has a 1-year low of $185.93 and a 1-year high of $243.60.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data 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). The business had revenue of $926.00 million during the quarter, compared to analysts’ expectations of $946.16 million. FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.34 EPS. Analysts anticipate that FTI Consulting, Inc. will post 8.1 earnings per share for the current fiscal year.

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.