Mawer Investment Management Ltd. Purchases 123,177 Shares of FTI Consulting, Inc. (NYSE:FCN)

Mawer Investment Management Ltd. increased its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 3.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,916,333 shares of the business services provider’s stock after acquiring an additional 123,177 shares during the quarter. FTI Consulting comprises about 4.1% of Mawer Investment Management Ltd.’s investment portfolio, making the stock its 6th largest position. Mawer Investment Management Ltd. owned approximately 10.90% of FTI Consulting worth $891,201,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. CWA Asset Management Group LLC acquired a new stake in FTI Consulting during the 3rd quarter worth approximately $23,351,000. American Century Companies Inc. increased its stake in shares of FTI Consulting by 76.3% in the second quarter. American Century Companies Inc. now owns 224,744 shares of the business services provider’s stock valued at $48,439,000 after buying an additional 97,244 shares during the period. Greenvale Capital LLP increased its stake in shares of FTI Consulting by 30.9% in the second quarter. Greenvale Capital LLP now owns 360,000 shares of the business services provider’s stock valued at $77,591,000 after buying an additional 85,000 shares during the period. Mountain Pacific Investment Advisers LLC increased its stake in shares of FTI Consulting by 563.7% in the third quarter. Mountain Pacific Investment Advisers LLC now owns 66,373 shares of the business services provider’s stock valued at $15,104,000 after buying an additional 56,373 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of FTI Consulting by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 692,044 shares of the business services provider’s stock valued at $149,164,000 after buying an additional 39,271 shares during the period. Institutional investors and hedge funds own 99.36% of the company’s stock.

FTI Consulting Price Performance

FTI Consulting stock opened at $194.60 on Monday. FTI Consulting, Inc. has a one year low of $185.93 and a one year high of $243.60. The firm has a market capitalization of $6.99 billion, a P/E ratio of 22.41 and a beta of 0.12. The business has a fifty day moving average price of $216.57 and a 200-day moving average price of $218.32.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings results on Thursday, October 24th. The business services provider reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.21). The company 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 business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.34 earnings per share. Sell-side analysts expect that FTI Consulting, Inc. will post 8.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FCN. StockNews.com upgraded FTI Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd. Truist Financial raised their target price on FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, September 25th.

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.