Envestnet Asset Management Inc. Has $8.33 Million Stock Position in FTI Consulting, Inc. $FCN

Envestnet Asset Management Inc. reduced its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 9.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,546 shares of the business services provider’s stock after selling 5,130 shares during the quarter. Envestnet Asset Management Inc. owned 0.17% of FTI Consulting worth $8,332,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of FCN. Norges Bank acquired a new position in FTI Consulting in the second quarter worth about $65,039,000. Invesco Ltd. boosted its position in FTI Consulting by 435.9% in the 2nd quarter. Invesco Ltd. now owns 303,750 shares of the business services provider’s stock valued at $49,056,000 after buying an additional 247,066 shares during the last quarter. Bank of America Corp DE lifted its holdings in FTI Consulting by 103.0% in the second quarter. Bank of America Corp DE now owns 195,129 shares of the business services provider’s stock valued at $31,513,000 after buying an additional 98,989 shares during the period. Millennium Management LLC bought a new stake in FTI Consulting in the first quarter valued at about $15,802,000. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its position in shares of FTI Consulting by 30.9% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 286,176 shares of the business services provider’s stock valued at $46,217,000 after acquiring an additional 67,529 shares during the period. 99.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of FTI Consulting in a research note on Wednesday, December 24th. Truist Financial cut their price objective on FTI Consulting from $178.00 to $165.00 and set a “hold” rating for the company in a report on Thursday, October 23rd. Finally, Wall Street Zen raised FTI Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, FTI Consulting has a consensus rating of “Hold” and an average target price of $169.00.

FTI Consulting Price Performance

FTI Consulting stock opened at $162.19 on Friday. The stock has a market capitalization of $5.01 billion, a P/E ratio of 20.66 and a beta of 0.08. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.85 and a current ratio of 1.85. FTI Consulting, Inc. has a 52 week low of $149.31 and a 52 week high of $183.71. The stock has a fifty day moving average of $174.17 and a 200-day moving average of $167.52.

About FTI Consulting

FTI Consulting, Inc is a global business advisory firm providing multidisciplinary solutions designed to address complex challenges and strategic opportunities. The company’s primary service offerings encompass corporate finance & restructuring, economic consulting, forensic & litigation consulting, strategic communications, and technology. These capabilities enable clients to manage financial distress, navigate regulatory environments, resolve disputes, build trust with stakeholders, and leverage data-driven insights.

In its corporate finance & restructuring practice, FTI delivers restructuring, interim management, and transaction advisory services to companies facing operational or financial pressures.