Montanaro Asset Management Ltd Purchases 15,000 Shares of FTI Consulting, Inc. (NYSE:FCN)

Montanaro Asset Management Ltd raised its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 50.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,000 shares of the business services provider's stock after purchasing an additional 15,000 shares during the period. FTI Consulting accounts for 1.8% of Montanaro Asset Management Ltd's portfolio, making the stock its 25th largest holding. Montanaro Asset Management Ltd owned 0.13% of FTI Consulting worth $8,601,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. boosted its holdings in FTI Consulting by 9,995.1% in the 4th quarter. Pacer Advisors Inc. now owns 518,687 shares of the business services provider's stock valued at $99,137,000 after purchasing an additional 513,549 shares during the period. Raymond James Financial Inc. acquired a new stake in FTI Consulting during the fourth quarter worth about $27,726,000. Allspring Global Investments Holdings LLC raised its holdings in FTI Consulting by 1,215.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 48,945 shares of the business services provider's stock valued at $9,291,000 after acquiring an additional 45,224 shares in the last quarter. Wealthfront Advisers LLC acquired a new position in FTI Consulting in the 4th quarter valued at approximately $8,572,000. Finally, FMR LLC grew its holdings in shares of FTI Consulting by 13.6% during the 3rd quarter. FMR LLC now owns 325,680 shares of the business services provider's stock worth $74,112,000 after purchasing an additional 38,977 shares in the last quarter. Institutional investors own 99.36% of the company's stock.

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FTI Consulting Stock Performance

Shares of NYSE FCN traded up $1.40 during midday trading on Monday, reaching $163.47. 57,653 shares of the company traded hands, compared to its average volume of 311,389. The firm has a market cap of $5.87 billion, a PE ratio of 20.96 and a beta of 0.14. The stock's 50-day simple moving average is $177.51 and its 200-day simple moving average is $196.48. FTI Consulting, Inc. has a 12 month low of $158.88 and a 12 month high of $243.60.

FTI Consulting (NYSE:FCN - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $913.70 million. On average, equities research analysts expect that FTI Consulting, Inc. will post 8.55 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FCN. Truist Financial decreased their price target on shares of FTI Consulting from $275.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. The Goldman Sachs Group decreased their target price on shares of FTI Consulting from $194.00 to $173.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Finally, StockNews.com raised shares of FTI Consulting from a "hold" rating to a "buy" rating in a research report on Thursday, March 20th.

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.