Marks Group Wealth Management Inc Grows Holdings in FTI Consulting, Inc. $FCN

Marks Group Wealth Management Inc increased its holdings in FTI Consulting, Inc. (NYSE:FCN) by 1.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 50,207 shares of the business services provider’s stock after purchasing an additional 938 shares during the period. Marks Group Wealth Management Inc owned approximately 0.15% of FTI Consulting worth $8,108,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC boosted 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 valued at $560,375,000 after purchasing an additional 28,968 shares in the last quarter. Victory Capital Management Inc. boosted 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 valued at $254,288,000 after purchasing an additional 153,523 shares in the last quarter. Dimensional Fund Advisors LP boosted 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 valued at $122,929,000 after purchasing an additional 48,211 shares in the last quarter. Charles Schwab Investment Management Inc. boosted 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 valued at $72,484,000 after purchasing an additional 2,952 shares in the last quarter. Finally, Van Berkom & Associates Inc. boosted its stake in shares of FTI Consulting by 10.4% in 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 in the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

FTI Consulting Stock Up 0.3%

Shares of NYSE FCN opened at $160.06 on Monday. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.25. FTI Consulting, Inc. has a 12 month low of $151.75 and a 12 month high of $231.65. The firm has a market capitalization of $5.18 billion, a PE ratio of 22.54 and a beta of 0.16. The firm has a fifty day simple moving average of $165.78 and a two-hundred day simple moving average of $164.40.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings data on Thursday, July 24th. The business services provider reported $2.13 EPS for the quarter, topping the consensus estimate of $1.87 by $0.26. FTI Consulting had a net margin of 6.82% and a return on equity of 12.88%. The business had revenue of $943.66 million during the quarter, compared to analyst estimates of $928.38 million. During the same period in the prior year, the business earned $2.34 EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis. FTI Consulting has set its FY 2025 guidance at 7.800-8.400 EPS. Equities analysts expect that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

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