FTI Consulting, Inc. $FCN Stake Raised by Running Oak Capital LLC

Running Oak Capital LLC lifted its holdings in FTI Consulting, Inc. (NYSE:FCN) by 5.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 65,609 shares of the business services provider’s stock after buying an additional 3,583 shares during the period. Running Oak Capital LLC owned about 0.24% of FTI Consulting worth $8,825,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund boosted its stake in FTI Consulting by 1.6% during the first quarter. Oregon Public Employees Retirement Fund now owns 6,189 shares of the business services provider’s stock worth $1,094,000 after buying an additional 100 shares during the period. Bessemer Group Inc. raised its stake in shares of FTI Consulting by 41.6% in the first quarter. Bessemer Group Inc. now owns 361 shares of the business services provider’s stock valued at $64,000 after acquiring an additional 106 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of FTI Consulting by 0.8% in the first quarter. PNC Financial Services Group Inc. now owns 18,313 shares of the business services provider’s stock valued at $3,237,000 after acquiring an additional 144 shares during the period. State of Michigan Retirement System lifted its holdings in shares of FTI Consulting by 2.8% in the 1st quarter. State of Michigan Retirement System now owns 7,304 shares of the business services provider’s stock worth $1,291,000 after acquiring an additional 200 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of FTI Consulting by 405.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 263 shares of the business services provider’s stock worth $45,000 after acquiring an additional 211 shares during the last quarter. 99.36% of the stock is owned by institutional investors.

FTI Consulting Stock Down 0.8%

Shares of FTI Consulting stock opened at $194.23 on Tuesday. The firm’s 50 day moving average price is $152.20 and its 200-day moving average price is $160.45. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.64. FTI Consulting, Inc. has a 52-week low of $129.12 and a 52-week high of $202.30. The company has a market cap of $5.29 billion, a P/E ratio of 24.22 and a beta of -0.15.

FTI Consulting (NYSE:FCN) last announced its earnings results on Thursday, October 29th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $1.10. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.01 billion. FTI Consulting had a return on equity of 18.41% and a net margin of 5.86%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.60 EPS. On average, sell-side analysts predict that FTI Consulting, Inc. will post 9.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Truist Financial reaffirmed a “hold” rating and set a $180.00 target price (up from $158.00) on shares of FTI Consulting in a research note on Monday, November 2nd. Weiss Ratings upgraded FTI Consulting from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, October 26th. Two investment analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $174.50.

FTI Consulting Profile

FTI Consulting, Inc is a global business advisory firm that helps organizations address financial, legal, operational, regulatory and reputational challenges. Founded in 1982, the company serves businesses, law firms, government agencies and other organizations.

Its services span corporate finance and restructuring, forensic and litigation consulting, economic consulting, technology and strategic communications. Work may include advising on restructuring and transactions, investigating disputes and misconduct, providing expert analysis in legal matters, managing electronic evidence and supporting communications during significant events.

FTI Consulting serves clients across the Americas, Europe, the Middle East, Africa and Asia Pacific.