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

Mawer Investment Management Ltd. raised its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 3.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,916,333 shares of the business services provider's stock after buying an additional 123,177 shares during the period. FTI Consulting accounts for approximately 4.1% of Mawer Investment Management Ltd.'s portfolio, making the stock its 6th biggest holding. Mawer Investment Management Ltd. owned 10.90% of FTI Consulting worth $891,201,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in FCN. Envestnet Portfolio Solutions Inc. lifted its position in FTI Consulting by 4.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,119 shares of the business services provider's stock worth $241,000 after acquiring an additional 52 shares during the last quarter. Allegheny Financial Group LTD lifted its position in shares of FTI Consulting by 6.5% during the 2nd quarter. Allegheny Financial Group LTD now owns 1,182 shares of the business services provider's stock worth $255,000 after purchasing an additional 72 shares during the last quarter. UMB Bank n.a. boosted its stake in FTI Consulting by 76.6% during the 3rd quarter. UMB Bank n.a. now owns 166 shares of the business services provider's stock valued at $38,000 after purchasing an additional 72 shares during the period. Truist Financial Corp grew its holdings in FTI Consulting by 2.1% in the 2nd quarter. Truist Financial Corp now owns 3,757 shares of the business services provider's stock valued at $810,000 after buying an additional 76 shares during the last quarter. Finally, Signaturefd LLC increased its position in FTI Consulting by 65.9% in the 2nd quarter. Signaturefd LLC now owns 204 shares of the business services provider's stock worth $44,000 after buying an additional 81 shares during the period. Institutional investors own 99.36% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FCN shares. Truist Financial increased their price objective on FTI Consulting from $255.00 to $275.00 and gave the company a "buy" rating in a research report on Wednesday, September 25th. StockNews.com upgraded shares of FTI Consulting from a "hold" rating to a "buy" rating in a research report on Saturday, November 2nd.

FTI Consulting Trading Up 0.4 %

FCN traded up $0.83 on Monday, hitting $195.79. 211,549 shares of the stock traded hands, compared to its average volume of 178,286. The business has a fifty day moving average price of $216.57 and a two-hundred day moving average price of $218.32. FTI Consulting, Inc. has a 52 week low of $185.93 and a 52 week high of $243.60. The firm has a market capitalization of $7.04 billion, a PE ratio of 22.41 and a beta of 0.12.

FTI Consulting (NYSE:FCN - Get Free Report) last issued its 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). FTI Consulting had a net margin of 8.37% and a return on equity of 14.79%. The firm had revenue of $926.00 million during the quarter, compared to analyst estimates of $946.16 million. During the same quarter in the previous year, the company posted $2.34 earnings per share. The business's revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities research analysts forecast that FTI Consulting, Inc. will post 8.1 EPS for the current fiscal year.

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.