Systematic Financial Management LP Lowers Stock Position in FTI Consulting, Inc. (NYSE:FCN)

Systematic Financial Management LP decreased its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 0.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 24,720 shares of the business services provider’s stock after selling 170 shares during the period. Systematic Financial Management LP’s holdings in FTI Consulting were worth $5,625,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Mawer Investment Management Ltd. lifted its stake in FTI Consulting by 3.2% in the third quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider’s stock valued at $891,201,000 after buying an additional 123,177 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in FTI Consulting by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 692,044 shares of the business services provider’s stock worth $149,164,000 after purchasing an additional 39,271 shares in the last quarter. Stephens Investment Management Group LLC boosted its position in shares of FTI Consulting by 7.7% in the third quarter. Stephens Investment Management Group LLC now owns 475,036 shares of the business services provider’s stock worth $108,099,000 after buying an additional 34,144 shares during the period. Charles Schwab Investment Management Inc. grew its stake in FTI Consulting by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 430,776 shares of the business services provider’s stock valued at $98,027,000 after acquiring an additional 7,804 shares in the last quarter. Finally, Greenvale Capital LLP boosted its stake in shares of FTI Consulting by 30.9% during the 2nd quarter. Greenvale Capital LLP now owns 360,000 shares of the business services provider’s stock valued at $77,591,000 after buying an additional 85,000 shares during the period. 99.36% of the stock is owned by institutional investors and hedge funds.

FTI Consulting Price Performance

Shares of FTI Consulting stock opened at $199.92 on Friday. FTI Consulting, Inc. has a fifty-two week low of $185.93 and a fifty-two week high of $243.60. The firm has a market cap of $7.19 billion, a P/E ratio of 22.98 and a beta of 0.12. The firm has a 50 day simple moving average of $210.39 and a 200 day simple moving average of $216.52.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $1.85 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.21). FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. The firm had revenue of $926.00 million for the quarter, compared to the consensus estimate of $946.16 million. During the same period in the previous year, the business earned $2.34 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. On average, sell-side analysts expect that FTI Consulting, Inc. will post 8.1 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on FCN. Truist Financial upped their price objective on shares of FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. StockNews.com upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a report on Saturday, November 2nd.

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.