4,833 Shares in FTI Consulting, Inc. (NYSE:FCN) Acquired by Dark Forest Capital Management LP

Dark Forest Capital Management LP acquired a new position in FTI Consulting, Inc. (NYSE:FCN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,833 shares of the business services provider's stock, valued at approximately $924,000.

A number of other institutional investors also recently bought and sold shares of FCN. Wilmington Savings Fund Society FSB purchased a new stake in FTI Consulting in the third quarter worth about $35,000. GeoWealth Management LLC increased its holdings in FTI Consulting by 46.0% in the 4th quarter. GeoWealth Management LLC now owns 181 shares of the business services provider's stock worth $35,000 after acquiring an additional 57 shares in the last quarter. Jones Financial Companies Lllp raised its stake in FTI Consulting by 394.0% during the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider's stock worth $47,000 after acquiring an additional 197 shares during the period. UMB Bank n.a. boosted its position in shares of FTI Consulting by 59.6% in the fourth quarter. UMB Bank n.a. now owns 265 shares of the business services provider's stock worth $51,000 after purchasing an additional 99 shares during the period. Finally, Versant Capital Management Inc increased its stake in shares of FTI Consulting by 51.4% in the fourth quarter. Versant Capital Management Inc now owns 471 shares of the business services provider's stock worth $90,000 after purchasing an additional 160 shares in the last quarter. 99.36% of the stock is owned by institutional investors.

FTI Consulting Price Performance

Shares of FCN stock traded up $0.82 during trading hours on Tuesday, hitting $163.26. The stock had a trading volume of 59,245 shares, compared to its average volume of 234,124. The stock has a market capitalization of $5.78 billion, a price-to-earnings ratio of 20.94 and a beta of 0.21. FTI Consulting, Inc. has a one year low of $151.75 and a one year high of $243.60. The stock's 50-day moving average price is $163.40 and its two-hundred day moving average price is $186.62.

FTI Consulting (NYSE:FCN - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $906.93 million. FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. The company's revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.23 EPS. As a group, equities research analysts predict that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

FTI Consulting declared that its Board of Directors has approved a share repurchase program on Thursday, April 24th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the business services provider to repurchase up to 6.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

FCN has been the subject of several recent analyst reports. William Blair reaffirmed an "outperform" rating on shares of FTI Consulting in a report on Friday. StockNews.com downgraded 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 dropped their price target for the stock from $225.00 to $178.00 in a research note on Wednesday, April 2nd. Finally, The Goldman Sachs Group cut their price objective on shares of FTI Consulting from $194.00 to $173.00 and set a "neutral" rating for the company in a report on Friday, February 21st.

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.