Marks Group Wealth Management Inc Acquires 938 Shares of FTI Consulting, Inc. $FCN

Marks Group Wealth Management Inc increased its holdings in FTI Consulting, Inc. (NYSE:FCN) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,207 shares of the business services provider’s stock after acquiring an additional 938 shares during the quarter. Marks Group Wealth Management Inc’s holdings in FTI Consulting were worth $8,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of FTI Consulting by 0.9% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,415,254 shares of the business services provider’s stock worth $560,375,000 after acquiring an additional 28,968 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of FTI Consulting by 11.0% in the 1st quarter. Victory Capital Management Inc. now owns 1,549,781 shares of the business services provider’s stock worth $254,288,000 after acquiring an additional 153,523 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of FTI Consulting by 6.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 749,244 shares of the business services provider’s stock worth $122,929,000 after acquiring an additional 48,211 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of FTI Consulting by 0.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 441,760 shares of the business services provider’s stock worth $72,484,000 after acquiring an additional 2,952 shares in the last quarter. Finally, Van Berkom & Associates Inc. grew its position in FTI Consulting by 10.4% during the 1st quarter. Van Berkom & Associates Inc. now owns 430,873 shares of the business services provider’s stock valued at $70,698,000 after purchasing an additional 40,546 shares during the last quarter. 99.36% of the stock is currently owned by institutional investors.

FTI Consulting Stock Performance

Shares of NYSE FCN opened at $160.06 on Monday. The firm’s 50-day moving average price is $165.78 and its 200-day moving average price is $164.40. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.25. The company has a market cap of $5.18 billion, a PE ratio of 22.54 and a beta of 0.16. FTI Consulting, Inc. has a 52-week low of $151.75 and a 52-week high of $231.65.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings results on Thursday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.26. The firm had revenue of $943.66 million for the quarter, compared to the consensus estimate of $928.38 million. FTI Consulting had a net margin of 6.82% and a return on equity of 12.88%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.34 EPS. FTI Consulting has set its FY 2025 guidance at 7.800-8.400 EPS. As a group, analysts anticipate that FTI Consulting, Inc. will post 8.55 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of FTI Consulting in a research report on Saturday, September 27th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, FTI Consulting currently has an average rating of “Hold” and an average price target of $175.50.

About FTI Consulting

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.