Barclays PLC Acquires 5,818 Shares of FTI Consulting, Inc. (NYSE:FCN)

Barclays PLC lifted its holdings in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 22.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,747 shares of the business services provider's stock after purchasing an additional 5,818 shares during the quarter. Barclays PLC owned 0.09% of FTI Consulting worth $6,068,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in FCN. CIBC Asset Management Inc lifted its position in FTI Consulting by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 1,083 shares of the business services provider's stock worth $207,000 after buying an additional 55 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in FTI Consulting by 2.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 3,435 shares of the business services provider's stock worth $657,000 after acquiring an additional 85 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in FTI Consulting by 3.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 2,389 shares of the business services provider's stock valued at $457,000 after purchasing an additional 89 shares during the last quarter. UMB Bank n.a. grew its stake in FTI Consulting by 59.6% in 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. Finally, Axxcess Wealth Management LLC grew its stake in FTI Consulting by 6.0% in the fourth quarter. Axxcess Wealth Management LLC now owns 1,820 shares of the business services provider's stock valued at $348,000 after purchasing an additional 103 shares in the last quarter. Institutional investors and hedge funds own 99.36% of the company's stock.

FTI Consulting Stock Down 1.0 %

Shares of NYSE FCN traded down $1.73 during mid-day trading on Thursday, reaching $164.55. 57,192 shares of the company were exchanged, compared to its average volume of 235,263. The stock has a market capitalization of $5.64 billion, a P/E ratio of 21.13 and a beta of 0.21. The company's 50-day simple moving average is $163.47 and its 200-day simple moving average is $186.32. FTI Consulting, Inc. has a twelve month low of $151.75 and a twelve month high of $243.60.

FTI Consulting (NYSE:FCN - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.50. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. The firm had revenue of $898.28 million during the quarter, compared to the consensus estimate of $906.93 million. During the same period last year, the business posted $2.23 earnings per share. The business's revenue for the quarter was down 3.3% compared to the same quarter last year. As a group, equities research analysts expect that FTI Consulting, Inc. will post 8.55 EPS for the current year.

FTI Consulting declared that its Board of Directors has approved a share repurchase plan on Thursday, April 24th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the business services provider to purchase up to 6.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

FCN has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered their target price on shares of FTI Consulting from $194.00 to $173.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. StockNews.com downgraded shares of FTI Consulting from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Truist Financial downgraded FTI Consulting from a "buy" rating to a "hold" rating and lowered their price target for the stock from $225.00 to $178.00 in a research report on Wednesday, April 2nd. Finally, William Blair reaffirmed an "outperform" rating on shares of FTI Consulting in a research report on Friday, April 25th.

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.