FTI Consulting, Inc. (NYSE:FCN) is Mawer Investment Management Ltd.'s 10th Largest Position

Mawer Investment Management Ltd. grew its stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,065,609 shares of the business services provider's stock after buying an additional 149,276 shares during the quarter. FTI Consulting accounts for about 3.5% of Mawer Investment Management Ltd.'s portfolio, making the stock its 10th largest holding. Mawer Investment Management Ltd. owned about 11.31% of FTI Consulting worth $777,060,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. boosted its position in FTI Consulting by 9,995.1% during the fourth quarter. Pacer Advisors Inc. now owns 518,687 shares of the business services provider's stock worth $99,137,000 after purchasing an additional 513,549 shares in the last quarter. Raymond James Financial Inc. purchased a new position in FTI Consulting during the fourth quarter worth approximately $27,726,000. Norges Bank acquired a new position in shares of FTI Consulting during the 4th quarter valued at about $15,260,000. Allspring Global Investments Holdings LLC increased its holdings in shares of FTI Consulting by 1,215.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 48,945 shares of the business services provider's stock worth $9,291,000 after buying an additional 45,224 shares during the last quarter. Finally, Wealthfront Advisers LLC acquired a new position in FTI Consulting in the fourth quarter valued at about $8,572,000. Hedge funds and other institutional investors own 99.36% of the company's stock.

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FTI Consulting Stock Performance

FCN traded down $2.67 on Wednesday, hitting $161.45. 536,508 shares of the company were exchanged, compared to its average volume of 211,318. FTI Consulting, Inc. has a fifty-two week low of $157.67 and a fifty-two week high of $243.60. The firm has a market capitalization of $5.80 billion, a P/E ratio of 20.70 and a beta of 0.14. The business's fifty day moving average is $176.37 and its 200 day moving average is $195.67.

FTI Consulting (NYSE:FCN - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.17). FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. The business had revenue of $894.92 million during the quarter, compared to analysts' expectations of $913.70 million. Analysts forecast that FTI Consulting, Inc. will post 8.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on FCN shares. The Goldman Sachs Group decreased their price target on FTI Consulting from $194.00 to $173.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. Truist Financial cut shares of FTI Consulting from a "buy" rating to a "hold" rating and lowered their target price for the company from $225.00 to $178.00 in a report on Wednesday. Finally, StockNews.com raised FTI Consulting from a "hold" rating to a "buy" rating in a research report on Thursday, March 20th.

FTI Consulting Company 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.