Asset Management One Co. Ltd. Cuts Stock Position in FTI Consulting, Inc. (NYSE:FCN)

Asset Management One Co. Ltd. lessened its stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 84.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,563 shares of the business services provider's stock after selling 14,244 shares during the period. Asset Management One Co. Ltd.'s holdings in FTI Consulting were worth $421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of FCN. Running Oak Capital LLC boosted its stake in shares of FTI Consulting by 46.1% during the first quarter. Running Oak Capital LLC now owns 89,444 shares of the business services provider's stock worth $14,676,000 after buying an additional 28,230 shares during the period. Praxis Investment Management Inc. acquired a new stake in shares of FTI Consulting during the first quarter worth about $217,000. Cabot Wealth Management Inc. boosted its stake in shares of FTI Consulting by 7.6% during the first quarter. Cabot Wealth Management Inc. now owns 16,435 shares of the business services provider's stock worth $2,697,000 after buying an additional 1,164 shares during the period. Institute for Wealth Management LLC. acquired a new stake in shares of FTI Consulting during the first quarter worth about $457,000. Finally, State of Alaska Department of Revenue boosted its stake in shares of FTI Consulting by 130.3% during the first quarter. State of Alaska Department of Revenue now owns 14,316 shares of the business services provider's stock worth $2,348,000 after buying an additional 8,100 shares during the period. Institutional investors and hedge funds own 99.36% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. William Blair reissued an "outperform" rating on shares of FTI Consulting in a report on Friday, April 25th. Wall Street Zen cut shares of FTI Consulting from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Finally, Truist Financial cut shares of FTI Consulting from a "buy" rating to a "hold" rating and dropped their target price for the company from $225.00 to $178.00 in a report on Wednesday, April 2nd.

Insider Buying and Selling at FTI Consulting

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

FTI Consulting Trading Up 0.6%

NYSE FCN traded up $1.03 during mid-day trading on Friday, reaching $164.89. 216,491 shares of the stock were exchanged, compared to its average volume of 278,755. FTI Consulting, Inc. has a 1-year low of $151.75 and a 1-year high of $243.60. The business's fifty day simple moving average is $163.70 and its 200 day simple moving average is $172.89. The stock has a market capitalization of $5.65 billion, a PE ratio of 22.56 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.

FTI Consulting (NYSE:FCN - Get Free Report) last announced its earnings results 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. 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 analyst estimates of $906.93 million. During the same quarter last year, the business earned $2.23 earnings per share. FTI Consulting's revenue was down 3.3% compared to the same quarter last year. On average, 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 authorized a share buyback plan on Thursday, April 24th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to buy up to 6.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

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.