B. Metzler seel. Sohn & Co. Holding AG Makes New $932,000 Investment in FTI Consulting, Inc. (NYSE:FCN)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of FTI Consulting, Inc. (NYSE:FCN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,095 shares of the business services provider’s stock, valued at approximately $932,000.

Other large investors also recently bought and sold shares of the company. Mawer Investment Management Ltd. lifted its stake in FTI Consulting by 3.2% during the 3rd quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider’s stock valued at $891,201,000 after acquiring an additional 123,177 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in FTI Consulting by 3.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,187,469 shares of the business services provider’s stock valued at $249,714,000 after acquiring an additional 35,599 shares during the period. Dimensional Fund Advisors LP lifted its stake in FTI Consulting by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 692,044 shares of the business services provider’s stock valued at $149,164,000 after acquiring an additional 39,271 shares during the period. Stephens Investment Management Group LLC lifted its stake in FTI Consulting by 7.7% during the 3rd quarter. Stephens Investment Management Group LLC now owns 475,036 shares of the business services provider’s stock valued at $108,099,000 after acquiring an additional 34,144 shares during the period. Finally, Greenvale Capital LLP lifted its stake in 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 acquiring an additional 85,000 shares during the period. Hedge funds and other institutional investors own 99.36% of the company’s stock.

FTI Consulting Price Performance

FCN opened at $201.86 on Friday. The firm has a fifty day moving average price of $214.44 and a 200 day moving average price of $217.66. FTI Consulting, Inc. has a 1 year low of $185.93 and a 1 year high of $243.60. The stock has a market cap of $7.25 billion, a P/E ratio of 23.20 and a beta of 0.12.

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

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. StockNews.com upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a research note on Saturday, November 2nd. Truist Financial boosted their target price on shares of FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th.

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.