Mountain Pacific Investment Advisers LLC Purchases 27,495 Shares of FTI Consulting, Inc. (NYSE:FCN)

Mountain Pacific Investment Advisers LLC increased its holdings in FTI Consulting, Inc. (NYSE:FCN) by 41.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 93,868 shares of the business services provider’s stock after buying an additional 27,495 shares during the period. Mountain Pacific Investment Advisers LLC owned 0.26% of FTI Consulting worth $17,941,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of FCN. Mawer Investment Management Ltd. lifted its holdings in shares of FTI Consulting by 3.2% in the 3rd quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider’s stock worth $891,201,000 after acquiring an additional 123,177 shares during the last quarter. State Street Corp lifted its position in FTI Consulting by 2.7% during the third quarter. State Street Corp now owns 1,061,341 shares of the business services provider’s stock valued at $241,519,000 after purchasing an additional 28,105 shares during the period. Geode Capital Management LLC boosted its stake in shares of FTI Consulting by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 685,762 shares of the business services provider’s stock worth $157,528,000 after buying an additional 16,171 shares during the last quarter. Stephens Investment Management Group LLC boosted its holdings 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 last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of 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 worth $98,027,000 after acquiring an additional 7,804 shares during the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

FTI Consulting Trading Down 1.7 %

Shares of NYSE:FCN opened at $190.45 on Tuesday. The company has a market capitalization of $6.84 billion, a PE ratio of 21.89 and a beta of 0.14. FTI Consulting, Inc. has a 12-month low of $185.93 and a 12-month high of $243.60. The business’s fifty day simple moving average is $196.71 and its 200-day simple moving average is $211.91.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings results 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). The business had revenue of $926.00 million during the quarter, compared to analyst estimates of $946.16 million. FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. FTI Consulting’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.34 EPS. Research analysts predict that FTI Consulting, Inc. will post 8.1 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a report on Saturday, November 2nd. Truist Financial lifted their price objective on shares of FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a research note 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.