2,000 Shares in FTI Consulting, Inc. (NYSE:FCN) Bought by Black Diamond Financial LLC

Black Diamond Financial LLC purchased a new position in FTI Consulting, Inc. (NYSE:FCN - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,000 shares of the business services provider's stock, valued at approximately $328,000.

Several other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of FTI Consulting by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 438,808 shares of the business services provider's stock valued at $83,869,000 after purchasing an additional 8,032 shares during the last quarter. Isthmus Partners LLC acquired a new position in shares of FTI Consulting during the 4th quarter valued at about $447,000. California Public Employees Retirement System increased its holdings in shares of FTI Consulting by 3.4% during the 4th quarter. California Public Employees Retirement System now owns 146,858 shares of the business services provider's stock valued at $28,069,000 after acquiring an additional 4,853 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of FTI Consulting by 7,936.5% during the 1st quarter. GAMMA Investing LLC now owns 39,379 shares of the business services provider's stock valued at $6,461,000 after acquiring an additional 38,889 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new position in shares of FTI Consulting during the 4th quarter valued at about $442,000. Institutional investors and hedge funds own 99.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Truist Financial lowered FTI Consulting from a "buy" rating to a "hold" rating and lowered their price objective for the company from $225.00 to $178.00 in a report on Wednesday, April 2nd. William Blair reissued an "outperform" rating on shares of FTI Consulting in a report on Friday, April 25th. Finally, Wall Street Zen lowered FTI Consulting from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd.

FTI Consulting Stock Performance

FCN opened at $165.76 on Tuesday. FTI Consulting, Inc. has a 52-week low of $151.75 and a 52-week high of $243.60. The firm has a market capitalization of $5.68 billion, a PE ratio of 22.68 and a beta of 0.19. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.24 and a current ratio of 2.24. The business's 50-day simple moving average is $163.76 and its 200 day simple moving average is $172.39.

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, beating the consensus estimate of $1.79 by $0.50. FTI Consulting had a return on equity of 13.07% and a net margin of 7.14%. The firm had revenue of $898.28 million for the quarter, compared to analyst estimates of $906.93 million. During the same quarter in the prior year, the company earned $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, sell-side analysts expect 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 buyback plan on Thursday, April 24th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the business services provider to purchase up to 6.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are undervalued.

Insider Transactions at FTI Consulting

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 value of $861,845.60. Following the sale, the chief financial officer owned 24,777 shares of the company's stock, valued at approximately $4,078,294.20. This trade represents a 17.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.79% of the stock is owned by corporate insiders.

About FTI Consulting

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.

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