FTI Consulting, Inc. $FCN Stock Sold by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. cut its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 5.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 366,045 shares of the business services provider’s stock after selling 22,850 shares during the period. Van Berkom & Associates Inc. owned about 1.34% of FTI Consulting worth $49,237,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FCN. BlackRock Inc. acquired a new stake in shares of FTI Consulting during the 2nd quarter valued at $408,202,000. Dimensional Fund Advisors LP grew its position in FTI Consulting by 6.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 921,218 shares of the business services provider’s stock worth $162,836,000 after acquiring an additional 59,524 shares during the last quarter. Neumeier Poma Investment Counsel LLC acquired a new position in FTI Consulting in the 2nd quarter worth about $44,699,275. Quantinno Capital Management LP increased its holdings in FTI Consulting by 141.6% in the 1st quarter. Quantinno Capital Management LP now owns 256,490 shares of the business services provider’s stock worth $45,340,000 after purchasing an additional 150,348 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in FTI Consulting by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 209,668 shares of the business services provider’s stock valued at $37,063,000 after purchasing an additional 4,603 shares during the last quarter. 99.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FCN has been the topic of a number of recent research reports. Weiss Ratings raised FTI Consulting from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, October 26th. Truist Financial restated a “hold” rating and set a $180.00 price target (up from $158.00) on shares of FTI Consulting in a report on Monday, November 2nd. Two analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, FTI Consulting currently has a consensus rating of “Hold” and an average target price of $174.50.

FTI Consulting Trading Down 0.8%

Shares of NYSE FCN opened at $194.23 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.72 and a current ratio of 1.72. FTI Consulting, Inc. has a 52-week low of $129.12 and a 52-week high of $202.30. The firm has a 50 day moving average price of $152.20 and a two-hundred day moving average price of $160.45. The stock has a market cap of $5.29 billion, a P/E ratio of 24.22 and a beta of -0.15.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings results on Thursday, October 29th. The business services provider reported $3.84 EPS for the quarter, topping analysts’ consensus estimates of $2.74 by $1.10. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.01 billion. FTI Consulting had a net margin of 5.86% and a return on equity of 18.41%. FTI Consulting’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.60 earnings per share. As a group, equities analysts forecast that FTI Consulting, Inc. will post 9.81 EPS for the current year.

About FTI Consulting

FTI Consulting, Inc is a global business advisory firm that helps organizations address financial, legal, operational, regulatory and reputational challenges. Founded in 1982, the company serves businesses, law firms, government agencies and other organizations.

Its services span corporate finance and restructuring, forensic and litigation consulting, economic consulting, technology and strategic communications. Work may include advising on restructuring and transactions, investigating disputes and misconduct, providing expert analysis in legal matters, managing electronic evidence and supporting communications during significant events.

FTI Consulting serves clients across the Americas, Europe, the Middle East, Africa and Asia Pacific.