Congress Asset Management Co. Raises Stake in FTI Consulting, Inc. (NYSE:FCN)

Congress Asset Management Co. increased its stake in FTI Consulting, Inc. (NYSE:FCN) by 4.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 211,370 shares of the business services provider’s stock after acquiring an additional 8,736 shares during the quarter. Congress Asset Management Co.’s holdings in FTI Consulting were worth $48,099,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FCN. Mawer Investment Management Ltd. increased its position in shares of FTI Consulting by 4.1% during the first quarter. Mawer Investment Management Ltd. now owns 3,810,200 shares of the business services provider’s stock worth $801,247,000 after acquiring an additional 149,722 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in FTI Consulting by 3.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,187,469 shares of the business services provider’s stock worth $249,714,000 after purchasing an additional 35,599 shares during the period. Dimensional Fund Advisors LP raised its position in FTI Consulting by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 692,044 shares of the business services provider’s stock valued at $149,164,000 after purchasing an additional 39,271 shares in the last quarter. Greenvale Capital LLP lifted its holdings in shares of FTI Consulting by 30.9% in 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, Van Berkom & Associates Inc. lifted its holdings in shares of FTI Consulting by 2.1% in the 2nd quarter. Van Berkom & Associates Inc. now owns 347,393 shares of the business services provider’s stock worth $74,874,000 after buying an additional 7,175 shares during the period. Institutional investors own 99.36% of the company’s stock.

FTI Consulting Stock Down 1.7 %

Shares of NYSE:FCN traded down $3.51 on Thursday, reaching $197.23. The company had a trading volume of 17,457 shares, compared to its average volume of 174,834. The firm has a market capitalization of $7.04 billion, a PE ratio of 23.36 and a beta of 0.10. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.03. FTI Consulting, Inc. has a 52-week low of $185.93 and a 52-week high of $243.60. The firm’s 50 day simple moving average is $222.71 and its 200-day simple moving average is $219.31.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.21). The company had revenue of $926.00 million for the quarter, compared to the consensus estimate of $946.16 million. FTI Consulting had a net margin of 8.90% and a return on equity of 16.34%. FTI Consulting’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.34 EPS. As a group, analysts expect that FTI Consulting, Inc. will post 8.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FCN has been the subject of several recent research reports. StockNews.com downgraded FTI Consulting from a “buy” rating to a “hold” rating in a report on Friday, October 25th. Truist Financial boosted their price target 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.

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.