FTI Consulting, Inc. (NYSE:FCN) Shares Bought by Capital Insight Partners LLC

Capital Insight Partners LLC grew its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 1.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,720 shares of the business services provider’s stock after purchasing an additional 243 shares during the period. Capital Insight Partners LLC’s holdings in FTI Consulting were worth $2,251,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. GeoWealth Management LLC raised its holdings in shares of FTI Consulting by 46.0% during the fourth quarter. GeoWealth Management LLC now owns 181 shares of the business services provider’s stock worth $35,000 after purchasing an additional 57 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of FTI Consulting during the first quarter worth $30,000. Jones Financial Companies Lllp raised its holdings in shares of FTI Consulting by 394.0% during the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider’s stock worth $47,000 after purchasing an additional 197 shares during the period. Quarry LP raised its holdings in shares of FTI Consulting by 115.4% during the fourth quarter. Quarry LP now owns 349 shares of the business services provider’s stock worth $67,000 after purchasing an additional 187 shares during the period. Finally, Curat Global LLC acquired a new stake in shares of FTI Consulting during the first quarter worth $89,000. 99.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. William Blair reissued an “outperform” rating on shares of FTI Consulting in a report on Friday, April 25th. Wall Street Zen cut shares of FTI Consulting from a “buy” rating to a “hold” rating in a report on Thursday, April 3rd. Finally, Truist Financial cut shares of FTI Consulting from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $225.00 to $178.00 in a report on Wednesday, April 2nd.

FTI Consulting Stock Down 0.2%

FCN stock opened at $166.03 on Thursday. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.07. FTI Consulting, Inc. has a fifty-two week low of $151.75 and a fifty-two week high of $243.60. The firm’s 50-day simple moving average is $163.80 and its 200 day simple moving average is $172.30. The stock has a market cap of $5.69 billion, a PE ratio of 22.71 and a beta of 0.19.

FTI Consulting (NYSE:FCN) last released its earnings results on Thursday, April 24th. The business services provider reported $2.29 EPS for the quarter, beating the consensus estimate of $1.79 by $0.50. The firm had revenue of $898.28 million for the quarter, compared to analysts’ expectations of $906.93 million. FTI Consulting had a net margin of 7.14% and a return on equity of 13.07%. FTI Consulting’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the company earned $2.23 EPS. As a group, sell-side analysts predict that FTI Consulting, Inc. will post 8.55 EPS for the current year.

FTI Consulting declared that its board has approved a stock buyback plan on Thursday, April 24th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the business services provider to reacquire up to 6.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other FTI Consulting news, CFO Ajay Sabherwal sold 5,236 shares of the firm’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $164.60, for a total transaction of $861,845.60. Following the transaction, the chief financial officer owned 24,777 shares of the company’s stock, valued at approximately $4,078,294.20. This trade represents a 17.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.79% of the company’s stock.

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.