Aristotle Capital Boston LLC Purchases 8,417 Shares of FTI Consulting, Inc. (NYSE:FCN)

Aristotle Capital Boston LLC increased its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 6.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 140,853 shares of the business services provider's stock after buying an additional 8,417 shares during the period. Aristotle Capital Boston LLC owned 0.39% of FTI Consulting worth $26,921,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in FCN. Pacer Advisors Inc. boosted its position in shares of FTI Consulting by 9,995.1% in the 4th quarter. Pacer Advisors Inc. now owns 518,687 shares of the business services provider's stock worth $99,137,000 after purchasing an additional 513,549 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in FTI Consulting by 86.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,018,868 shares of the business services provider's stock worth $194,737,000 after buying an additional 472,245 shares during the last quarter. Black Creek Investment Management Inc. grew its position in shares of FTI Consulting by 166.1% during the 4th quarter. Black Creek Investment Management Inc. now owns 652,980 shares of the business services provider's stock worth $124,804,000 after buying an additional 407,631 shares during the period. Mawer Investment Management Ltd. increased its stake in shares of FTI Consulting by 3.8% in the 4th quarter. Mawer Investment Management Ltd. now owns 4,065,609 shares of the business services provider's stock valued at $777,060,000 after acquiring an additional 149,276 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of FTI Consulting in the 4th quarter valued at approximately $27,726,000. Institutional investors own 99.36% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on FCN. 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. StockNews.com downgraded FTI Consulting from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Truist Financial cut FTI Consulting from a "buy" rating to a "hold" rating and decreased their target price for the company from $225.00 to $178.00 in a research note on Wednesday, April 2nd. Finally, William Blair reaffirmed an "outperform" rating on shares of FTI Consulting in a research report on Friday, April 25th.

Insider Transactions at FTI Consulting

In other FTI Consulting news, CFO Ajay Sabherwal sold 5,236 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $164.60, for a total value of $861,845.60. Following the completion of the transaction, the chief financial officer now directly owns 24,777 shares in the company, valued at $4,078,294.20. This trade represents a 17.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.51% of the stock is currently owned by insiders.

FTI Consulting Stock Performance

Shares of NYSE:FCN remained flat at $165.22 during midday trading on Wednesday. 402,952 shares of the company were exchanged, compared to its average volume of 239,694. The firm has a market cap of $5.66 billion, a price-to-earnings ratio of 21.18 and a beta of 0.18. FTI Consulting, Inc. has a fifty-two week low of $151.75 and a fifty-two week high of $243.60. The stock's fifty day moving average price is $163.55 and its two-hundred day moving average price is $184.31.

FTI Consulting (NYSE:FCN - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.29 EPS for the quarter, beating 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 company had revenue of $898.28 million for the quarter, compared to analyst estimates of $906.93 million. During the same period in the previous year, the company posted $2.23 earnings per share. The company's quarterly revenue was down 3.3% compared to the same quarter last year. As a group, analysts expect that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

FTI Consulting declared that its board has authorized a stock repurchase plan on Thursday, April 24th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the business services provider to repurchase up to 6.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its shares are undervalued.

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.