5 Best Consulting Stocks to Buy Now

2. Marsh & McLennan Companies, Inc. (NYSE:MMC)

Number of Hedge Fund Holders: 52

Professional services company Marsh & McLennan Companies, Inc. (NYSE:MMC) owns Oliver Wyman, one of the notable management consulting firms in the US. Marsh & McLennan Companies, Inc. (NYSE:MMC) is experiencing solid revenue growth as companies turn to their consulting services to find ways to weather the current economic uncertainty. During its Q4 earnings call, Marsh & McLennan Companies, Inc. (NYSE:MMC) said that while the company’s Consulting segment expanded, it saw some “moderation” in growth as it is vulnerable to the global macro environment where companies are slashing their budgets.

Here’s what Marsh & McLennan Companies, Inc. (NYSE:MMC) said:

“Oliver Wyman’s revenue in the fourth quarter was $765 million, an increase of 8% on an underlying basis, a solid result considering a tough comparison to 22% growth in the fourth quarter of 2021. For the full year, Oliver Wyman’s revenue was $2.8 billion, an increase of 13% on an underlying basis, building on the 21% growth in 2021. As we look to 2023, we expect growth at Oliver Wyman to slow given rising economic uncertainty. Adjusted corporate expense was $68 million in the quarter.”