Bokf Na Takes $2.57 Million Position in FTI Consulting, Inc. (NYSE:FCN)

BOKF NA acquired a new stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 13,327 shares of the business services provider's stock, valued at approximately $2,569,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FCN. Mawer Investment Management Ltd. increased its position in shares of FTI Consulting by 3.8% during 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 purchasing an additional 149,276 shares during the last quarter. Vanguard Group Inc. grew its position in FTI Consulting by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 3,564,322 shares of the business services provider's stock valued at $681,249,000 after buying an additional 23,419 shares during the period. T. Rowe Price Investment Management Inc. increased 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 valued at $194,737,000 after buying an additional 472,245 shares during the last quarter. Alliancebernstein L.P. raised its position in FTI Consulting by 9.3% in the fourth quarter. Alliancebernstein L.P. now owns 740,858 shares of the business services provider's stock worth $141,600,000 after acquiring an additional 63,163 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of FTI Consulting by 3.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 701,033 shares of the business services provider's stock worth $133,987,000 after acquiring an additional 23,784 shares during the last quarter. Institutional investors own 99.36% of the company's stock.

Analyst Upgrades and Downgrades

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

FTI Consulting Stock Down 1.1 %

NYSE:FCN traded down $1.82 on Friday, reaching $165.00. 241,726 shares of the company's stock traded hands, compared to its average volume of 241,298. The stock has a 50-day simple moving average of $163.51 and a 200-day simple moving average of $183.00. FTI Consulting, Inc. has a 12 month low of $151.75 and a 12 month high of $243.60. The firm has a market cap of $5.66 billion, a PE ratio of 21.15 and a beta of 0.18.

FTI Consulting (NYSE:FCN - Get Free Report) last issued its earnings results on Thursday, April 24th. The business services provider reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $906.93 million. During the same quarter last year, the company earned $2.23 EPS. The firm's quarterly revenue was down 3.3% on a year-over-year basis. On average, equities analysts anticipate that FTI Consulting, Inc. will post 8.55 earnings per share 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 buyback $400.00 million in shares. This buyback authorization permits the business services provider to repurchase up to 6.9% of its shares through open market purchases. Shares buyback plans are typically 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 business's stock in a transaction on Thursday, May 1st. The shares were 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. The trade was a 17.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.51% of the stock is owned by company insiders.

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.