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

Van Berkom & Associates Inc. reduced its stake in FTI Consulting, Inc. (NYSE:FCN) by 5.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 366,045 shares of the business services provider’s stock after selling 22,850 shares during the quarter. Van Berkom & Associates Inc.’s holdings in FTI Consulting were worth $49,237,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in FTI Consulting during the 2nd quarter valued at approximately $408,202,000. Neumeier Poma Investment Counsel LLC bought a new position in FTI Consulting during the 2nd quarter worth approximately $44,699,275. Bank of New York Mellon Corp acquired a new position in shares of FTI Consulting in the 2nd quarter worth approximately $28,362,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of FTI Consulting in the 2nd quarter worth approximately $28,307,000. Finally, Quantinno Capital Management LP lifted its position in shares of 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 during the period. 99.36% of the stock is currently owned by institutional investors.

FTI Consulting Trading Down 0.8%

NYSE FCN opened at $194.23 on Tuesday. The stock has a market capitalization of $5.29 billion, a P/E ratio of 24.22 and a beta of -0.15. The business has a 50 day simple moving average of $152.20 and a 200 day simple moving average of $160.45. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.72 and a quick ratio of 1.72. FTI Consulting, Inc. has a one year low of $129.12 and a one year high of $202.30.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on FCN shares. Truist Financial reaffirmed a “hold” rating and issued a $180.00 price objective (up from $158.00) on shares of FTI Consulting in a research note on Monday, November 2nd. Weiss Ratings raised shares of FTI Consulting from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, October 26th. Two analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $174.50.

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.