Marks Group Wealth Management Inc Makes New Investment in FTI Consulting, Inc. (NYSE:FCN)

Marks Group Wealth Management Inc bought a new stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 38,124 shares of the business services provider's stock, valued at approximately $8,675,000. Marks Group Wealth Management Inc owned approximately 0.11% of FTI Consulting at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Nordea Investment Management AB grew its holdings 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 worth $3,652,000 after buying an additional 14,193 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of FTI Consulting during the first quarter worth about $584,000. Sei Investments Co. grew its holdings in shares of FTI Consulting by 4.3% during the second quarter. Sei Investments Co. now owns 110,336 shares of the business services provider's stock worth $23,782,000 after buying an additional 4,516 shares in the last quarter. DB Fitzpatrick & Co Inc grew its holdings in shares of FTI Consulting by 135.1% during the second quarter. DB Fitzpatrick & Co Inc now owns 5,931 shares of the business services provider's stock worth $1,278,000 after buying an additional 3,408 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of FTI Consulting by 298.4% during the second quarter. SG Americas Securities LLC now owns 4,060 shares of the business services provider's stock worth $875,000 after buying an additional 3,041 shares in the last quarter. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

FTI Consulting Stock Performance

FTI Consulting stock traded up $2.02 during trading on Wednesday, reaching $201.01. The company had a trading volume of 323,837 shares, compared to its average volume of 176,816. FTI Consulting, Inc. has a 12-month low of $185.93 and a 12-month high of $243.60. The stock's 50 day moving average price is $219.78 and its two-hundred day moving average price is $218.89. The firm has a market capitalization of $7.22 billion, a price-to-earnings ratio of 23.10 and a beta of 0.12.

FTI Consulting (NYSE:FCN - Get Free Report) last released its earnings results on Thursday, October 24th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $946.16 million. During the same quarter in the previous year, the firm posted $2.34 earnings per share. FTI Consulting's revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, research analysts expect that FTI Consulting, Inc. will post 8.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

FCN has been the topic of several research analyst reports. StockNews.com raised shares of FTI Consulting from a "hold" rating to a "buy" rating in a research report on Saturday. Truist Financial boosted their target price on shares of FTI Consulting from $255.00 to $275.00 and gave the company a "buy" rating in a report on Wednesday, September 25th.

About FTI Consulting

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.