FTI Consulting, Inc. (NYSE:FCN) Shares Acquired by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. boosted its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 2.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 347,393 shares of the business services provider’s stock after acquiring an additional 7,175 shares during the quarter. FTI Consulting comprises 2.2% of Van Berkom & Associates Inc.’s investment portfolio, making the stock its 23rd biggest holding. Van Berkom & Associates Inc. owned 0.97% of FTI Consulting worth $74,874,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mawer Investment Management Ltd. increased its stake in FTI Consulting by 4.1% in the 1st quarter. Mawer Investment Management Ltd. now owns 3,810,200 shares of the business services provider’s stock valued at $801,247,000 after buying an additional 149,722 shares during the period. Vanguard Group Inc. boosted its stake in shares of FTI Consulting by 4.7% in the fourth quarter. Vanguard Group Inc. now owns 3,535,586 shares of the business services provider’s stock valued at $704,112,000 after buying an additional 157,206 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in FTI Consulting by 3.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,187,469 shares of the business services provider’s stock worth $249,714,000 after acquiring an additional 35,599 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in FTI Consulting by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 415,928 shares of the business services provider’s stock worth $82,832,000 after acquiring an additional 17,796 shares in the last quarter. Finally, Stephens Investment Management Group LLC grew its holdings in shares of FTI Consulting by 6.6% in the 4th quarter. Stephens Investment Management Group LLC now owns 375,182 shares of the business services provider’s stock worth $74,717,000 after acquiring an additional 23,066 shares during the period. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FCN. William Blair reissued an “outperform” rating on shares of FTI Consulting in a report on Tuesday, June 25th. StockNews.com raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a research report on Thursday, July 25th.

FTI Consulting Trading Down 0.3 %

Shares of FTI Consulting stock traded down $0.64 during trading hours on Monday, reaching $217.10. The stock had a trading volume of 4,967 shares, compared to its average volume of 173,997. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.03. FTI Consulting, Inc. has a 1 year low of $174.75 and a 1 year high of $243.60. The firm has a market capitalization of $7.79 billion, a price-to-earnings ratio of 25.32 and a beta of 0.10. The firm has a 50 day simple moving average of $221.70 and a two-hundred day simple moving average of $215.63.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings results on Thursday, July 25th. The business services provider reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.32. FTI Consulting had a net margin of 8.90% and a return on equity of 16.34%. The firm had revenue of $949.16 million during the quarter, compared to analysts’ expectations of $938.67 million. During the same period in the prior year, the company earned $1.75 EPS. The firm’s revenue was up 9.8% on a year-over-year basis. As a group, equities research analysts anticipate that FTI Consulting, Inc. will post 8.48 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Mark S. Bartlett sold 2,000 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $227.12, for a total transaction of $454,240.00. Following the completion of the sale, the director now directly owns 26,099 shares of the company’s stock, valued at approximately $5,927,604.88. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.51% of the stock is currently owned by corporate insiders.

FTI Consulting Company 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.