BNP Paribas Financial Markets Acquires 6,195 Shares of FTI Consulting, Inc. (NYSE:FCN)

BNP Paribas Financial Markets raised its stake in FTI Consulting, Inc. (NYSE:FCN) by 220.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,004 shares of the business services provider’s stock after buying an additional 6,195 shares during the quarter. BNP Paribas Financial Markets’ holdings in FTI Consulting were worth $2,049,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mawer Investment Management Ltd. lifted its stake in 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 valued at $891,201,000 after acquiring an additional 123,177 shares in the last quarter. CWA Asset Management Group LLC bought a new stake in shares of FTI Consulting in the third quarter worth $23,351,000. American Century Companies Inc. lifted its position in shares of FTI Consulting by 76.3% in the second quarter. American Century Companies Inc. now owns 224,744 shares of the business services provider’s stock worth $48,439,000 after purchasing an additional 97,244 shares in the last quarter. Greenvale Capital LLP boosted its holdings in FTI Consulting by 30.9% during the second quarter. Greenvale Capital LLP now owns 360,000 shares of the business services provider’s stock worth $77,591,000 after purchasing an additional 85,000 shares during the last quarter. Finally, Mountain Pacific Investment Advisers LLC grew its position in FTI Consulting by 563.7% in the third quarter. Mountain Pacific Investment Advisers LLC now owns 66,373 shares of the business services provider’s stock valued at $15,104,000 after purchasing an additional 56,373 shares in the last quarter. Institutional investors and hedge funds own 99.36% of the company’s stock.

FTI Consulting Trading Down 1.0 %

Shares of FCN opened at $198.00 on Friday. The company’s fifty day simple moving average is $209.84 and its 200 day simple moving average is $216.29. FTI Consulting, Inc. has a 1-year low of $185.93 and a 1-year high of $243.60. The company has a market cap of $7.12 billion, a price-to-earnings ratio of 22.76 and a beta of 0.12.

FTI Consulting (NYSE:FCN) last issued its earnings results on Thursday, October 24th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $946.16 million. During the same period in the previous year, the company posted $2.34 earnings per share. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, research analysts forecast that FTI Consulting, Inc. will post 8.1 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.