BNP Paribas Financial Markets Acquires 6,195 Shares of FTI Consulting, Inc. (NYSE:FCN)

BNP Paribas Financial Markets raised its stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 220.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,004 shares of the business services provider's stock after acquiring an additional 6,195 shares during the quarter. BNP Paribas Financial Markets' holdings in FTI Consulting were worth $2,049,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in FCN. Mawer Investment Management Ltd. raised its holdings in FTI Consulting by 3.2% in the 3rd quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider's stock valued at $891,201,000 after buying an additional 123,177 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of FTI Consulting during the 3rd quarter worth approximately $23,351,000. American Century Companies Inc. grew its position in shares of FTI Consulting by 76.3% during the 2nd quarter. American Century Companies Inc. now owns 224,744 shares of the business services provider's stock worth $48,439,000 after buying an additional 97,244 shares during the period. Greenvale Capital LLP grew its position in shares of FTI Consulting by 30.9% during the 2nd quarter. Greenvale Capital LLP now owns 360,000 shares of the business services provider's stock worth $77,591,000 after buying an additional 85,000 shares during the period. Finally, Mountain Pacific Investment Advisers LLC grew its position in shares of FTI Consulting by 563.7% during the 3rd quarter. Mountain Pacific Investment Advisers LLC now owns 66,373 shares of the business services provider's stock worth $15,104,000 after buying an additional 56,373 shares during the period. Institutional investors own 99.36% of the company's stock.

FTI Consulting Trading Down 1.0 %

NYSE FCN traded down $1.92 during mid-day trading on Friday, hitting $198.00. The company's stock had a trading volume of 197,309 shares, compared to its average volume of 185,085. The company's 50 day simple moving average is $209.84 and its 200 day simple moving average is $216.29. FTI Consulting, Inc. has a twelve month low of $185.93 and a twelve month high of $243.60. The firm has a market capitalization of $7.12 billion, a price-to-earnings ratio of 22.76 and a beta of 0.12.

FTI Consulting (NYSE:FCN - Get Free Report) last issued its quarterly earnings data 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). FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. The company had revenue of $926.00 million for the quarter, compared to the consensus estimate of $946.16 million. During the same quarter last year, the business posted $2.34 earnings per share. FTI Consulting's revenue was up 3.7% on a year-over-year basis. As a group, research analysts forecast that FTI Consulting, Inc. will post 8.1 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on FCN shares. StockNews.com raised shares of FTI Consulting from a "hold" rating to a "buy" rating in a research report on Saturday, November 2nd. Truist Financial lifted their price target on shares of FTI Consulting from $255.00 to $275.00 and gave the company a "buy" rating in a research 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.