Marks Group Wealth Management Inc Takes $8.68 Million Position in FTI Consulting, Inc. (NYSE:FCN)

Marks Group Wealth Management Inc purchased a new position in FTI Consulting, Inc. (NYSE:FCN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 38,124 shares of the business services provider’s stock, valued at approximately $8,675,000. Marks Group Wealth Management Inc owned about 0.11% of FTI Consulting as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of FTI Consulting by 7.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,995 shares of the business services provider’s stock worth $840,000 after acquiring an additional 279 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in FTI Consulting in the first quarter worth about $2,780,000. Nordea Investment Management AB boosted its position in shares of FTI Consulting by 458.7% during the first quarter. Nordea Investment Management AB now owns 17,287 shares of the business services provider’s stock valued at $3,652,000 after buying an additional 14,193 shares during the period. Central Pacific Bank Trust Division bought a new position in shares of FTI Consulting during the first quarter valued at approximately $374,000. Finally, Mawer Investment Management Ltd. grew its stake in shares of FTI Consulting by 4.1% during the first quarter. Mawer Investment Management Ltd. now owns 3,810,200 shares of the business services provider’s stock valued at $801,247,000 after buying an additional 149,722 shares during the last quarter. 99.36% of the stock is owned by hedge funds and other institutional investors.

FTI Consulting Stock Performance

Shares of NYSE:FCN opened at $199.02 on Wednesday. The firm’s 50 day simple moving average is $220.25 and its 200-day simple moving average is $219.01. FTI Consulting, Inc. has a one year low of $185.93 and a one year high of $243.60. The firm has a market cap of $7.15 billion, a PE ratio of 22.88 and a beta of 0.12.

FTI Consulting (NYSE:FCN) last announced 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 firm had revenue of $926.00 million during the quarter, compared to the consensus estimate of $946.16 million. FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the company earned $2.34 EPS. Equities research analysts predict that FTI Consulting, Inc. will post 8.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Truist Financial boosted their price objective on FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a research note on Saturday.

FTI Consulting 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.