Canada Pension Plan Investment Board Has $1.24 Million Stock Position in FTI Consulting, Inc. (NYSE:FCN)

Canada Pension Plan Investment Board trimmed its stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 69.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,500 shares of the business services provider's stock after selling 15,100 shares during the period. Canada Pension Plan Investment Board's holdings in FTI Consulting were worth $1,242,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of FCN. Wilmington Savings Fund Society FSB acquired a new position in FTI Consulting in the third quarter worth $35,000. Jones Financial Companies Lllp raised its holdings in shares of FTI Consulting by 394.0% in the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider's stock valued at $47,000 after buying an additional 197 shares during the last quarter. UMB Bank n.a. lifted its position in FTI Consulting by 59.6% during the 4th quarter. UMB Bank n.a. now owns 265 shares of the business services provider's stock worth $51,000 after buying an additional 99 shares in the last quarter. Versant Capital Management Inc lifted its position in FTI Consulting by 51.4% during the 4th quarter. Versant Capital Management Inc now owns 471 shares of the business services provider's stock worth $90,000 after buying an additional 160 shares in the last quarter. Finally, Covestor Ltd grew its holdings in FTI Consulting by 23.1% during the 4th quarter. Covestor Ltd now owns 708 shares of the business services provider's stock worth $135,000 after acquiring an additional 133 shares during the last quarter. 99.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

FTI Consulting Stock Up 1.1 %

NYSE FCN traded up $1.84 during trading hours on Wednesday, hitting $166.16. The company's stock had a trading volume of 460,326 shares, compared to its average volume of 235,875. FTI Consulting, Inc. has a twelve month low of $151.75 and a twelve month high of $243.60. The firm has a market capitalization of $5.88 billion, a P/E ratio of 21.30 and a beta of 0.21. The stock has a fifty day moving average of $163.47 and a 200 day moving average of $186.32.

FTI Consulting (NYSE:FCN - Get Free Report) 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 the consensus estimate of $1.79 by $0.50. The business had revenue of $898.28 million for the quarter, compared to analyst estimates of $906.93 million. FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. The firm's revenue was down 3.3% on a year-over-year basis. During the same period last year, the company earned $2.23 EPS. On average, analysts predict that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

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

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.