State of New Jersey Common Pension Fund D Has $3 Million Stock Position in FTI Consulting, Inc. (NYSE:FCN)

State of New Jersey Common Pension Fund D lessened its position in FTI Consulting, Inc. (NYSE:FCN) by 1.3% in the third quarter, according to its most recent disclosure with the SEC. 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 filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of FCN. Swiss National Bank increased its stake in FTI Consulting by 4.5% during the 1st quarter. Swiss National Bank now owns 70,100 shares of the business services provider’s stock valued at $14,741,000 after purchasing an additional 3,000 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of FTI Consulting in the 1st quarter worth about $584,000. Sei Investments Co. raised its holdings in shares of FTI Consulting by 12.3% in the 1st quarter. Sei Investments Co. now owns 105,820 shares of the business services provider’s stock worth $22,252,000 after acquiring an additional 11,623 shares during the last quarter. Headlands Technologies LLC acquired a new position in FTI Consulting during the 1st quarter valued at about $74,000. Finally, Russell Investments Group Ltd. increased its holdings in FTI Consulting by 2.7% during the 1st quarter. Russell Investments Group Ltd. now owns 29,733 shares of the business services provider’s stock worth $6,253,000 after purchasing an additional 771 shares in the last quarter. Institutional investors own 99.36% of the company’s stock.

Analysts Set New Price Targets

FCN has been the topic of a number of recent research reports. StockNews.com upgraded FTI Consulting from a “hold” rating to a “buy” rating in a report on Saturday, November 2nd. Truist Financial raised their price objective on FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th.

FTI Consulting Stock Performance

Shares of FCN stock opened at $201.87 on Wednesday. The company has a market capitalization of $7.26 billion, a price-to-earnings ratio of 23.20 and a beta of 0.12. The company has a 50-day simple moving average of $218.00 and a two-hundred day simple moving average of $218.66. FTI Consulting, Inc. has a 52-week low of $185.93 and a 52-week 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 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.21). The company had revenue of $926.00 million for the quarter, compared to the consensus estimate of $946.16 million. FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. FTI Consulting’s quarterly 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. On average, sell-side analysts forecast that FTI Consulting, Inc. will post 8.1 EPS 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.