FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. lessened its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,660,478 shares of the business services provider's stock after selling 21,445 shares during the quarter. FTI Consulting comprises about 3.7% of Mawer Investment Management Ltd.'s holdings, making the stock its 7th biggest holding. Mawer Investment Management Ltd. owned 10.31% of FTI Consulting worth $728,984,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of FCN. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of FTI Consulting by 1.3% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,455,529 shares of the business services provider's stock worth $616,501,000 after purchasing an additional 44,819 shares during the last quarter. Vanguard Group Inc. increased its position in FTI Consulting by 0.8% during the third quarter. Vanguard Group Inc. now owns 3,378,380 shares of the business services provider's stock worth $602,737,000 after buying an additional 25,413 shares during the period. Victory Capital Management Inc. lifted its stake in FTI Consulting by 9.2% in the fourth quarter. Victory Capital Management Inc. now owns 1,989,993 shares of the business services provider's stock valued at $396,307,000 after buying an additional 168,100 shares during the last quarter. Morgan Stanley boosted its holdings in shares of FTI Consulting by 1.2% in the third quarter. Morgan Stanley now owns 1,452,226 shares of the business services provider's stock valued at $259,092,000 after acquiring an additional 17,731 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of FTI Consulting by 26.8% during the third quarter. Ameriprise Financial Inc. now owns 606,786 shares of the business services provider's stock worth $108,257,000 after acquiring an additional 128,095 shares during the last quarter. 99.36% of the stock is owned by hedge funds and other institutional investors.

FTI Consulting Stock Performance

NYSE:FCN traded up $3.42 during midday trading on Friday, reaching $221.78. The stock had a trading volume of 189,750 shares, compared to its average volume of 212,719. The stock has a market cap of $7.92 billion, a P/E ratio of 25.79 and a beta of 0.10. The firm has a fifty day simple moving average of $209.55 and a two-hundred day simple moving average of $207.56. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.10. FTI Consulting, Inc. has a 12-month low of $171.81 and a 12-month high of $232.15.

FTI Consulting (NYSE:FCN - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $2.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.76 by $0.47. FTI Consulting had a return on equity of 15.97% and a net margin of 8.51%. The company had revenue of $928.60 million for the quarter, compared to analyst estimates of $901.77 million. During the same quarter in the previous year, the company earned $1.34 EPS. The firm's revenue for the quarter was up 15.1% compared to the same quarter last year. On average, equities analysts expect that FTI Consulting, Inc. will post 8.22 EPS for the current year.

Insider Transactions at FTI Consulting

In other news, CEO Steven Henry Gunby sold 28,440 shares of the business's stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $218.61, for a total transaction of $6,217,268.40. Following the sale, the chief executive officer now owns 287,184 shares of the company's stock, valued at approximately $62,781,294.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Paul Alderman Linton sold 27,000 shares of the business's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $206.10, for a total value of $5,564,700.00. Following the completion of the transaction, the insider now owns 44,284 shares of the company's stock, valued at approximately $9,126,932.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Steven Henry Gunby sold 28,440 shares of the business's stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $218.61, for a total value of $6,217,268.40. Following the completion of the transaction, the chief executive officer now owns 287,184 shares of the company's stock, valued at $62,781,294.24. The disclosure for this sale can be found here. Insiders have sold a total of 83,199 shares of company stock valued at $17,752,865 in the last ninety days. 2.51% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Truist Financial increased their price target on shares of FTI Consulting from $240.00 to $255.00 and gave the stock a "buy" rating in a research note on Friday, February 23rd. StockNews.com lowered FTI Consulting from a "buy" rating to a "hold" rating in a report on Friday, April 26th. Finally, William Blair reaffirmed an "outperform" rating on shares of FTI Consulting in a research note on Friday, April 26th.

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.