Montanaro Asset Management Ltd Has $8.60 Million Holdings in FTI Consulting, Inc. (NYSE:FCN)

Montanaro Asset Management Ltd boosted its position in FTI Consulting, Inc. (NYSE:FCN) by 50.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 45,000 shares of the business services provider’s stock after purchasing an additional 15,000 shares during the quarter. FTI Consulting comprises approximately 1.8% of Montanaro Asset Management Ltd’s portfolio, making the stock its 25th largest holding. Montanaro Asset Management Ltd’s holdings in FTI Consulting were worth $8,601,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FCN. Vanguard Group Inc. grew its holdings in FTI Consulting by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 3,564,322 shares of the business services provider’s stock worth $681,249,000 after purchasing an additional 23,419 shares during the period. State Street Corp grew its holdings in shares of FTI Consulting by 2.7% during the 3rd quarter. State Street Corp now owns 1,061,341 shares of the business services provider’s stock valued at $241,519,000 after purchasing an additional 28,105 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of FTI Consulting by 2.4% during the third quarter. Geode Capital Management LLC now owns 685,762 shares of the business services provider’s stock worth $157,528,000 after buying an additional 16,171 shares in the last quarter. Pacer Advisors Inc. raised its position in FTI Consulting by 9,995.1% in the fourth quarter. Pacer Advisors Inc. now owns 518,687 shares of the business services provider’s stock valued at $99,137,000 after purchasing an additional 513,549 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in FTI Consulting by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 438,808 shares of the business services provider’s stock worth $83,869,000 after buying an additional 8,032 shares during the period. Institutional investors own 99.36% of the company’s stock.

FTI Consulting Stock Performance

FTI Consulting stock opened at $162.32 on Thursday. The stock has a market cap of $5.83 billion, a P/E ratio of 20.81 and a beta of 0.14. The firm’s fifty day moving average price is $178.69 and its 200-day moving average price is $197.42. FTI Consulting, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $243.60.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.17). The business had revenue of $894.92 million for the quarter, compared to analysts’ expectations of $913.70 million. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. Sell-side analysts predict that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FCN. The Goldman Sachs Group decreased their target price on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Truist Financial lowered their target price on FTI Consulting from $275.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, StockNews.com upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a report on Thursday, March 20th.

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.