Mawer Investment Management Ltd. Sells 134,583 Shares of FTI Consulting, Inc. $FCN

Key Points

• Mawer Investment Management cut its FTI Consulting stake by 18.3%, selling 134,583 shares in the third quarter; it still held 602,285 shares, worth about $81 million.
• FTI Consulting reported quarterly EPS of $3.84, beating the $2.74 analyst consensus, while revenue reached $1.01 billion, up 5.9% year over year.
• Analysts’ consensus rating remained Hold, with an average price target of $174.50; shares traded at $202.61 in Friday’s mid-day session.

Mawer Investment Management Ltd. trimmed its holdings in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 18.3% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 602,285 shares of the business services provider's stock after selling 134,583 shares during the quarter. Mawer Investment Management Ltd. owned 2.21% of FTI Consulting worth $81,013,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. First Command Advisory Services Inc. bought a new position in shares of FTI Consulting during the 3rd quarter valued at $36,000. Global Retirement Partners LLC purchased a new stake in FTI Consulting during the second quarter valued at about $37,000. Bessemer Group Inc. boosted its position in FTI Consulting by 41.6% during the first quarter. Bessemer Group Inc. now owns 361 shares of the business services provider's stock valued at $64,000 after buying an additional 106 shares during the period. Steph & Co. boosted its position in FTI Consulting by 113.1% during the third quarter. Steph & Co. now owns 1,010 shares of the business services provider's stock valued at $136,000 after buying an additional 536 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of FTI Consulting by 92.1% during the third quarter. GAMMA Investing LLC now owns 1,516 shares of the business services provider's stock valued at $204,000 after buying an additional 727 shares during the last quarter. Hedge funds and other institutional investors own 99.36% of the company's stock.

FTI Consulting Trading Up 2.0%

Shares of NYSE FCN traded up $3.99 during mid-day trading on Friday, hitting $202.61. The stock had a trading volume of 318,591 shares, compared to its average volume of 490,925. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.72 and a current ratio of 1.72. FTI Consulting, Inc. has a 1 year low of $129.12 and a 1 year high of $203.69. The business has a 50 day moving average price of $156.04 and a two-hundred day moving average price of $160.78. The firm has a market cap of $5.52 billion, a P/E ratio of 25.26 and a beta of -0.15.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The business services provider reported $3.84 EPS for the quarter, beating analysts' consensus estimates of $2.74 by $1.10. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.01 billion. FTI Consulting had a net margin of 5.86% and a return on equity of 18.41%. The firm's revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.60 EPS. On average, equities analysts anticipate that FTI Consulting, Inc. will post 9.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Weiss Ratings upgraded FTI Consulting from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, October 26th. Truist Financial reissued a "hold" rating and issued a $180.00 target price (up from $158.00) on shares of FTI Consulting in a research note on Monday, November 2nd. Two research analysts have rated the stock with a Hold rating. According to MarketBeat.com, FTI Consulting currently has a consensus rating of "Hold" and an average price target of $174.50.

FTI Consulting Profile

FTI Consulting, Inc. is a global business advisory firm that helps organizations address financial, legal, operational, regulatory and reputational challenges. Founded in 1982, the company serves businesses, law firms, government agencies and other organizations. Its services span corporate finance and restructuring, forensic and litigation consulting, economic consulting, technology and strategic communications. Work may include advising on restructuring and transactions, investigating disputes and misconduct, providing expert analysis in legal matters, managing electronic evidence and supporting communications during significant events.

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