Dynamic Technology Lab Private Ltd Makes New $242,000 Investment in FTI Consulting, Inc. (NYSE:FCN)

Dynamic Technology Lab Private Ltd bought a new stake in FTI Consulting, Inc. (NYSE:FCN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,065 shares of the business services provider’s stock, valued at approximately $242,000.

A number of other hedge funds have also made changes to their positions in FCN. Mawer Investment Management Ltd. raised its position in FTI Consulting by 3.2% in the third quarter. Mawer Investment Management Ltd. now owns 3,916,333 shares of the business services provider’s stock valued at $891,201,000 after purchasing an additional 123,177 shares during the period. Dimensional Fund Advisors LP lifted its position 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 worth $149,164,000 after acquiring an additional 39,271 shares in the last quarter. Stephens Investment Management Group LLC boosted its holdings in FTI Consulting by 7.7% in the 3rd quarter. Stephens Investment Management Group LLC now owns 475,036 shares of the business services provider’s stock worth $108,099,000 after acquiring an additional 34,144 shares during the period. Charles Schwab Investment Management Inc. grew its position in FTI Consulting by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 430,776 shares of the business services provider’s stock valued at $98,027,000 after acquiring an additional 7,804 shares in the last quarter. Finally, Greenvale Capital LLP raised its stake in shares of FTI Consulting by 30.9% during the second quarter. Greenvale Capital LLP now owns 360,000 shares of the business services provider’s stock valued at $77,591,000 after purchasing an additional 85,000 shares during the period. Hedge funds and other institutional investors own 99.36% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on FCN shares. StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a report on Saturday, November 2nd. Truist Financial raised their target price on FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th.

FTI Consulting Stock Down 0.6 %

Shares of FCN opened at $202.52 on Monday. The firm has a market cap of $7.28 billion, a price-to-earnings ratio of 23.28 and a beta of 0.12. The business’s 50 day moving average is $212.35 and its two-hundred day moving average is $217.04. FTI Consulting, Inc. has a 52-week low of $185.93 and a 52-week high of $243.60.

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

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.