Mawer Investment Management Ltd. Has $777.06 Million Stock Holdings in FTI Consulting, Inc. (NYSE:FCN)

Mawer Investment Management Ltd. increased its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,065,609 shares of the business services provider’s stock after acquiring an additional 149,276 shares during the quarter. FTI Consulting makes up about 3.5% of Mawer Investment Management Ltd.’s portfolio, making the stock its 10th largest position. Mawer Investment Management Ltd. owned approximately 0.11% of FTI Consulting worth $777,060,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of FTI Consulting by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 3,564,322 shares of the business services provider’s stock worth $681,249,000 after purchasing an additional 23,419 shares in the last quarter. State Street Corp boosted its holdings in FTI Consulting by 2.7% in the third quarter. State Street Corp now owns 1,061,341 shares of the business services provider’s stock worth $241,519,000 after acquiring an additional 28,105 shares in the last quarter. Geode Capital Management LLC grew its stake in FTI Consulting by 2.4% in the third quarter. Geode Capital Management LLC now owns 685,762 shares of the business services provider’s stock valued at $157,528,000 after acquiring an additional 16,171 shares during the period. Pacer Advisors Inc. increased its holdings in shares of 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 valued at $99,137,000 after acquiring an additional 513,549 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of FTI Consulting by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 438,808 shares of the business services provider’s stock worth $83,869,000 after purchasing an additional 8,032 shares during the period. 99.36% of the stock is currently owned by institutional investors and hedge funds.

FTI Consulting Trading Down 0.7 %

NYSE FCN opened at $162.28 on Friday. The business has a fifty day simple moving average of $177.51 and a 200 day simple moving average of $196.64. FTI Consulting, Inc. has a 12 month low of $158.88 and a 12 month high of $243.60. The firm has a market capitalization of $5.83 billion, a P/E ratio of 20.80 and a beta of 0.14.

FTI Consulting (NYSE:FCN) last posted its 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 return on equity of 13.15% and a net margin of 7.57%. The firm had revenue of $894.92 million during the quarter, compared to the consensus estimate of $913.70 million. As a group, sell-side analysts predict that FTI Consulting, Inc. will post 8.55 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on FCN shares. Truist Financial reduced their price target on shares of FTI Consulting from $275.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, February 21st. The Goldman Sachs Group reduced their price objective on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Finally, StockNews.com upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a report on Thursday, March 20th.

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.