4,757 Shares in FTI Consulting, Inc. (NYSE:FCN) Purchased by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,757 shares of the business services provider's stock, valued at approximately $909,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Cetera Investment Advisers grew its position in FTI Consulting by 111.4% during the fourth quarter. Cetera Investment Advisers now owns 2,754 shares of the business services provider's stock valued at $526,000 after acquiring an additional 1,451 shares during the last quarter. BOKF NA bought a new position in shares of FTI Consulting in the fourth quarter worth approximately $2,569,000. Captrust Financial Advisors grew its holdings in shares of FTI Consulting by 21.1% in the fourth quarter. Captrust Financial Advisors now owns 5,446 shares of the business services provider's stock worth $1,041,000 after purchasing an additional 950 shares during the last quarter. Baird Financial Group Inc. grew its holdings in shares of FTI Consulting by 6.6% in the fourth quarter. Baird Financial Group Inc. now owns 8,924 shares of the business services provider's stock worth $1,706,000 after purchasing an additional 556 shares during the last quarter. Finally, Benjamin Edwards Inc. bought a new position in shares of FTI Consulting in the fourth quarter worth approximately $207,000. 99.36% of the stock is currently owned by institutional investors.

FTI Consulting Stock Performance

FCN stock traded up $3.31 on Thursday, reaching $165.07. The company's stock had a trading volume of 393,013 shares, compared to its average volume of 244,524. The business has a fifty day simple moving average of $163.13 and a two-hundred day simple moving average of $182.35. 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 21.16 and a beta of 0.18.

FTI Consulting (NYSE:FCN - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.29 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $906.93 million. During the same quarter last year, the firm posted $2.23 earnings per share. The firm's revenue was down 3.3% on a year-over-year basis. As a group, research analysts anticipate 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 stock 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 reacquire up to 6.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FCN. The Goldman Sachs Group cut 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 cut shares of FTI Consulting from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Truist Financial cut shares of FTI Consulting from a "buy" rating to a "hold" rating and cut their target price for the stock from $225.00 to $178.00 in a report on Wednesday, April 2nd. Finally, William Blair restated an "outperform" rating on shares of FTI Consulting in a report on Friday, April 25th.

Insider Buying and Selling

In other FTI Consulting news, CFO Ajay Sabherwal sold 5,236 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $164.60, for a total transaction of $861,845.60. Following the completion of the transaction, the chief financial officer now owns 24,777 shares of the company's stock, valued at approximately $4,078,294.20. This trade represents a 17.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.51% of the stock is currently owned by 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.