FTI Consulting, Inc. (NYSE:FCN) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 130.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,100 shares of the business services provider's stock after purchasing an additional 16,471 shares during the period. Assenagon Asset Management S.A. owned 0.08% of FTI Consulting worth $4,775,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in FCN. GeoWealth Management LLC grew its holdings in shares of FTI Consulting by 46.0% during the fourth quarter. GeoWealth Management LLC now owns 181 shares of the business services provider's stock worth $35,000 after buying an additional 57 shares in the last quarter. Jones Financial Companies Lllp grew 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 valued at $47,000 after acquiring an additional 197 shares in the last quarter. Quarry LP grew its stake in FTI Consulting by 115.4% during the 4th quarter. Quarry LP now owns 349 shares of the business services provider's stock valued at $67,000 after acquiring an additional 187 shares in the last quarter. Curat Global LLC acquired a new stake in FTI Consulting in the 1st quarter valued at about $89,000. Finally, Covestor Ltd lifted its stake in FTI Consulting by 23.1% in the 4th quarter. Covestor Ltd now owns 708 shares of the business services provider's stock worth $135,000 after purchasing an additional 133 shares in the last quarter. Institutional investors and hedge funds own 99.36% of the company's stock.

FTI Consulting Trading Down 0.0%

FTI Consulting stock traded down $0.01 during mid-day trading on Thursday, hitting $161.38. The company's stock had a trading volume of 387,845 shares, compared to its average volume of 269,063. The stock's fifty day moving average is $164.33 and its two-hundred day moving average is $176.04. 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 firm has a market capitalization of $5.53 billion, a PE ratio of 22.08 and a beta of 0.19. FTI Consulting, Inc. has a 1 year low of $151.75 and a 1 year high of $243.60.

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, beating 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 13.07% and a net margin of 7.14%. The company's quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.23 EPS. On average, analysts anticipate that FTI Consulting, Inc. will post 8.55 EPS for the current year.

FTI Consulting declared that its board has approved a share repurchase program on Thursday, April 24th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the business services provider to purchase up to 6.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at FTI Consulting

In related news, CFO Ajay Sabherwal sold 5,236 shares of the stock in a transaction that occurred 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 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.79% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on FCN. Wall Street Zen cut FTI Consulting from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. William Blair reaffirmed an "outperform" rating on shares of FTI Consulting in a research note on Friday, April 25th. Truist Financial cut shares of FTI Consulting from a "buy" rating to a "hold" rating and lowered their price target for the company from $225.00 to $178.00 in a research report 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 research report on Friday, February 21st.

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.