FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its holdings in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 22.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,969 shares of the business services provider's stock after selling 10,976 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.11% of FTI Consulting worth $6,231,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Mawer Investment Management Ltd. grew its stake in FTI Consulting by 3.8% during the fourth quarter. Mawer Investment Management Ltd. now owns 4,065,609 shares of the business services provider's stock worth $777,060,000 after buying an additional 149,276 shares during the period. Vanguard Group Inc. grew its stake 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 worth $681,249,000 after buying an additional 23,419 shares during the period. T. Rowe Price Investment Management Inc. grew its stake 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 worth $194,737,000 after buying an additional 472,245 shares during the period. Alliancebernstein L.P. grew its stake in FTI Consulting by 9.3% during the fourth quarter. Alliancebernstein L.P. now owns 740,858 shares of the business services provider's stock worth $141,600,000 after buying an additional 63,163 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in FTI Consulting by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 701,033 shares of the business services provider's stock worth $133,987,000 after buying an additional 23,784 shares during the period. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FCN has been the subject of several research reports. Truist Financial downgraded shares of FTI Consulting from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $225.00 to $178.00 in a research note on Wednesday, April 2nd. Wall Street Zen downgraded shares of FTI Consulting from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Finally, William Blair restated an "outperform" rating on shares of FTI Consulting in a research note on Friday, April 25th.

Insider Buying and Selling

In other FTI Consulting news, CFO Ajay Sabherwal sold 5,236 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $164.60, for a total transaction of $861,845.60. Following the sale, the chief financial officer directly owned 24,777 shares of the company's stock, valued at approximately $4,078,294.20. This represents a 17.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.79% of the stock is owned by company insiders.

FTI Consulting Stock Up 0.2%

NYSE FCN traded up $0.26 during trading hours on Tuesday, reaching $166.26. 288,782 shares of the company traded hands, compared to its average volume of 280,614. FTI Consulting, Inc. has a 12 month low of $151.75 and a 12 month high of $243.60. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $5.70 billion, a PE ratio of 22.74 and a beta of 0.19. The company has a 50 day moving average of $163.80 and a two-hundred day moving average of $172.34.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.29 EPS for the quarter, beating analysts' consensus estimates of $1.79 by $0.50. FTI Consulting had a net margin of 7.14% and a return on equity of 13.07%. The firm had revenue of $898.28 million for the quarter, compared to the consensus estimate of $906.93 million. During the same period in the prior year, the firm posted $2.23 EPS. The firm's revenue was down 3.3% compared to the same quarter last year. As a group, equities analysts expect that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

FTI Consulting announced that its Board of Directors has authorized a share buyback program on Thursday, April 24th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the business services provider to repurchase up to 6.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its shares are 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.