Vista Investment Management Buys 199 Shares of FTI Consulting, Inc. (NYSE:FCN)

Vista Investment Management increased its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 7.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,917 shares of the business services provider’s stock after purchasing an additional 199 shares during the period. Vista Investment Management’s holdings in FTI Consulting were worth $558,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GeoWealth Management LLC boosted its stake 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 valued at $35,000 after purchasing an additional 57 shares in the last quarter. Jones Financial Companies Lllp boosted its stake 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 valued at $47,000 after purchasing an additional 197 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of FTI Consulting by 59.6% during the fourth quarter. UMB Bank n.a. now owns 265 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 99 shares in the last quarter. Quarry LP boosted its stake 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 valued at $67,000 after purchasing an additional 187 shares in the last quarter. Finally, Covestor Ltd boosted its stake in shares of FTI Consulting by 23.1% during the fourth quarter. Covestor Ltd now owns 708 shares of the business services provider’s stock valued at $135,000 after purchasing an additional 133 shares in the last quarter. 99.36% of the stock is currently owned by institutional investors.

FTI Consulting Stock Up 0.5%

Shares of FCN opened at $167.62 on Tuesday. The company has a market cap of $5.75 billion, a price-to-earnings ratio of 21.49 and a beta of 0.18. FTI Consulting, Inc. has a twelve month low of $151.75 and a twelve month high of $243.60. The company has a 50 day moving average of $163.31 and a two-hundred day moving average of $181.44.

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

FTI Consulting declared that its Board of Directors has initiated a stock buyback program on Thursday, April 24th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the business services provider to reacquire up to 6.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In related news, CFO Ajay Sabherwal sold 5,236 shares of the firm’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $164.60, for a total transaction of $861,845.60. Following the completion of the transaction, the chief financial officer now owns 24,777 shares of the company’s stock, valued at $4,078,294.20. This trade represents a 17.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. William Blair reiterated an “outperform” rating on shares of FTI Consulting in a research note on Friday, April 25th. StockNews.com downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Thursday, April 3rd. The Goldman Sachs Group lowered their target price on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Finally, Truist Financial downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating and lowered their target price for the company from $225.00 to $178.00 in a research note on Wednesday, April 2nd.

FTI Consulting 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.