Handelsbanken Fonder AB Buys 37,500 Shares of FTI Consulting, Inc. (NYSE:FCN)

Handelsbanken Fonder AB lifted its stake in FTI Consulting, Inc. (NYSE:FCN) by 48.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,423 shares of the business services provider’s stock after purchasing an additional 37,500 shares during the quarter. Handelsbanken Fonder AB owned 0.32% of FTI Consulting worth $26,038,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of FCN. Vanguard Group Inc. lifted its stake in shares of FTI Consulting by 4.7% in 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. lifted its position in FTI Consulting by 4.1% in the 1st quarter. Mawer Investment Management Ltd. now owns 3,810,200 shares of the business services provider’s stock valued at $801,247,000 after acquiring an additional 149,722 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in FTI Consulting in the 1st quarter valued at approximately $22,540,000. American Century Companies Inc. boosted its stake in FTI Consulting by 76.3% during the 2nd quarter. American Century Companies Inc. now owns 224,744 shares of the business services provider’s stock valued at $48,439,000 after purchasing an additional 97,244 shares during the last quarter. Finally, Greenvale Capital LLP increased its holdings in shares of FTI Consulting by 30.9% in the 2nd 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 in the last quarter. Institutional investors own 99.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on FCN shares. Truist Financial increased their price objective on FTI Consulting from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. StockNews.com upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a research note on Thursday, July 25th. Finally, William Blair reissued an “outperform” rating on shares of FTI Consulting in a report on Tuesday, June 25th.

FTI Consulting Stock Performance

Shares of FCN traded up $0.34 during trading hours on Friday, hitting $225.40. The stock had a trading volume of 155,412 shares, compared to its average volume of 170,133. The firm has a market capitalization of $8.05 billion, a PE ratio of 26.21 and a beta of 0.10. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.20 and a quick ratio of 2.20. FTI Consulting, Inc. has a 12 month low of $181.25 and a 12 month high of $243.60. The stock has a fifty day moving average price of $222.86 and a 200 day moving average price of $217.74.

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

Insider Buying and Selling at FTI Consulting

In other news, Director Mark S. Bartlett sold 2,000 shares of FTI Consulting stock in a transaction on Friday, July 26th. The shares were sold at an average price of $227.12, for a total transaction of $454,240.00. Following the transaction, the director now owns 26,099 shares in the company, valued at $5,927,604.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.51% of the stock is owned by corporate insiders.

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.