FTI Consulting, Inc. (NYSE:FCN) Shares Purchased by Greenvale Capital LLP

Greenvale Capital LLP increased its holdings in FTI Consulting, Inc. (NYSE:FCN) by 30.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 360,000 shares of the business services provider’s stock after purchasing an additional 85,000 shares during the period. FTI Consulting makes up 4.9% of Greenvale Capital LLP’s portfolio, making the stock its 9th biggest position. Greenvale Capital LLP owned about 1.01% of FTI Consulting worth $77,591,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of FTI Consulting by 4.7% during the fourth quarter. Vanguard Group Inc. now owns 3,535,586 shares of the business services provider’s stock worth $704,112,000 after buying an additional 157,206 shares in the last quarter. Mawer Investment Management Ltd. increased its holdings in shares of FTI Consulting by 4.1% during the first quarter. Mawer Investment Management Ltd. now owns 3,810,200 shares of the business services provider’s stock worth $801,247,000 after buying an additional 149,722 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of FTI Consulting during the first quarter worth approximately $22,540,000. American Century Companies Inc. increased its holdings in shares of FTI Consulting by 76.3% during the second quarter. American Century Companies Inc. now owns 224,744 shares of the business services provider’s stock worth $48,439,000 after buying an additional 97,244 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of FTI Consulting by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 692,044 shares of the business services provider’s stock worth $149,164,000 after buying an additional 39,271 shares in the last quarter. Institutional investors and hedge funds own 99.36% of the company’s stock.

FTI Consulting Trading Up 1.0 %

Shares of NYSE FCN opened at $227.56 on Tuesday. The company’s fifty day moving average is $222.95 and its 200-day moving average is $217.30. The stock has a market cap of $8.12 billion, a price-to-earnings ratio of 26.46 and a beta of 0.10. FTI Consulting, Inc. has a twelve month low of $177.00 and a twelve month high of $243.60. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.03.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings results on Thursday, July 25th. The business services provider reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.32. The company had revenue of $949.16 million for the quarter, compared to analysts’ expectations of $938.67 million. FTI Consulting had a net margin of 8.90% and a return on equity of 16.34%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the firm posted $1.75 earnings per share. Equities research analysts predict that FTI Consulting, Inc. will post 8.48 EPS for the current year.

Insider Transactions at FTI Consulting

In related news, Director Mark S. Bartlett sold 2,000 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $227.12, for a total value of $454,240.00. Following the completion of the transaction, the director now directly owns 26,099 shares of the company’s stock, valued at approximately $5,927,604.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.51% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on FCN. Truist Financial raised their price objective on shares of FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a research note on Thursday, July 25th. Finally, William Blair reaffirmed an “outperform” rating on shares of FTI Consulting in a research note on Tuesday, June 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.