Mawer Investment Management Ltd. Sells 470,522 Shares of FTI Consulting, Inc. $FCN

Mawer Investment Management Ltd. lessened its stake in FTI Consulting, Inc. (NYSE:FCN) by 12.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,345,655 shares of the business services provider’s stock after selling 470,522 shares during the period. FTI Consulting accounts for approximately 2.8% of Mawer Investment Management Ltd.’s investment portfolio, making the stock its 11th largest holding. Mawer Investment Management Ltd. owned about 10.84% of FTI Consulting worth $540,825,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in shares of FTI Consulting in the 2nd quarter worth approximately $65,039,000. Invesco Ltd. boosted its stake in FTI Consulting by 435.9% in the second quarter. Invesco Ltd. now owns 303,750 shares of the business services provider’s stock valued at $49,056,000 after acquiring an additional 247,066 shares in the last quarter. Bank of America Corp DE grew its holdings in FTI Consulting by 103.0% in the second quarter. Bank of America Corp DE now owns 195,129 shares of the business services provider’s stock worth $31,513,000 after purchasing an additional 98,989 shares during the last quarter. Millennium Management LLC purchased a new position in FTI Consulting in the first quarter worth $15,802,000. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of FTI Consulting by 30.9% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 286,176 shares of the business services provider’s stock worth $46,217,000 after purchasing an additional 67,529 shares in the last quarter. 99.36% of the stock is owned by hedge funds and other institutional investors.

FTI Consulting Price Performance

Shares of NYSE:FCN opened at $174.48 on Monday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.29. FTI Consulting, Inc. has a twelve month low of $149.31 and a twelve month high of $198.65. The company’s 50 day moving average is $173.36 and its 200 day moving average is $167.48. The company has a market cap of $5.39 billion, a PE ratio of 22.23 and a beta of 0.08.

FTI Consulting announced that its board has approved a stock buyback plan on Tuesday, October 21st that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the business services provider to buy up to 9.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

FCN has been the topic of several recent analyst reports. Truist Financial reduced their target price on FTI Consulting from $178.00 to $165.00 and set a “hold” rating on the stock in a research report on Thursday, October 23rd. Wall Street Zen upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of FTI Consulting in a research note on Wednesday, December 24th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $169.00.

FTI Consulting Profile

FTI Consulting, Inc is a global business advisory firm providing multidisciplinary solutions designed to address complex challenges and strategic opportunities. The company’s primary service offerings encompass corporate finance & restructuring, economic consulting, forensic & litigation consulting, strategic communications, and technology. These capabilities enable clients to manage financial distress, navigate regulatory environments, resolve disputes, build trust with stakeholders, and leverage data-driven insights.

In its corporate finance & restructuring practice, FTI delivers restructuring, interim management, and transaction advisory services to companies facing operational or financial pressures.