FTI Consulting, Inc. (NYSE:FCN) Shares Bought by Tilia Fiduciary Partners Inc.

Tilia Fiduciary Partners Inc. boosted its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 6.8% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 11,801 shares of the business services provider’s stock after buying an additional 748 shares during the quarter. Tilia Fiduciary Partners Inc.’s holdings in FTI Consulting were worth $1,936,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in FTI Consulting by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 438,808 shares of the business services provider’s stock valued at $83,869,000 after buying an additional 8,032 shares in the last quarter. Isthmus Partners LLC acquired a new position in FTI Consulting during the 4th quarter valued at about $447,000. Ieq Capital LLC increased its position in FTI Consulting by 214.4% during the 4th quarter. Ieq Capital LLC now owns 6,074 shares of the business services provider’s stock valued at $1,161,000 after buying an additional 4,142 shares in the last quarter. California Public Employees Retirement System increased its position in FTI Consulting by 3.4% during the 4th quarter. California Public Employees Retirement System now owns 146,858 shares of the business services provider’s stock valued at $28,069,000 after buying an additional 4,853 shares in the last quarter. Finally, Versor Investments LP acquired a new position in FTI Consulting during the 4th quarter valued at about $688,000. 99.36% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at FTI Consulting

In other news, CFO Ajay Sabherwal sold 5,236 shares of the company’s stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $164.60, for a total value of $861,845.60. Following the sale, the chief financial officer now owns 24,777 shares in the company, valued at $4,078,294.20. This represents a 17.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.51% of the company’s stock.

FTI Consulting Stock Performance

Shares of FCN stock opened at $163.98 on Friday. The stock’s 50-day simple moving average is $163.86 and its 200-day simple moving average is $178.18. The firm has a market capitalization of $5.62 billion, a PE ratio of 21.02 and a beta of 0.19. FTI Consulting, Inc. has a fifty-two week low of $151.75 and a fifty-two week high of $243.60.

FTI Consulting (NYSE:FCN) last issued its earnings results on Thursday, April 24th. The business services provider reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.50. FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. The firm had revenue of $898.28 million for the quarter, compared to the consensus estimate of $906.93 million. During the same quarter in the prior year, the business earned $2.23 earnings per share. The company’s revenue was down 3.3% compared to the same quarter last year. Sell-side analysts forecast that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

FTI Consulting announced that its Board of Directors has approved a share repurchase program on Thursday, April 24th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to buy up to 6.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FCN. Wall Street Zen lowered FTI Consulting from a “buy” rating to a “hold” rating in a report on Thursday, April 3rd. The Goldman Sachs Group cut their price objective on FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Truist Financial lowered FTI Consulting from a “buy” rating to a “hold” rating and cut their price objective for the company from $225.00 to $178.00 in a report on Wednesday, April 2nd. Finally, William Blair reissued an “outperform” rating on shares of FTI Consulting in a report on Friday, April 25th.

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.