Brown Advisory Inc. Has $57.30 Million Stock Holdings in FTI Consulting, Inc. (NYSE:FCN)

Brown Advisory Inc. grew its position in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 15.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 349,222 shares of the business services provider's stock after acquiring an additional 46,278 shares during the quarter. Brown Advisory Inc. owned approximately 0.99% of FTI Consulting worth $57,300,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in FCN. GeoWealth Management LLC boosted its position in FTI Consulting by 46.0% during the 4th quarter. GeoWealth Management LLC now owns 181 shares of the business services provider's stock worth $35,000 after acquiring an additional 57 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of FTI Consulting during the first quarter worth $30,000. Jones Financial Companies Lllp raised its position in FTI Consulting by 394.0% during the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider's stock valued at $47,000 after buying an additional 197 shares during the period. Quarry LP raised its position in FTI Consulting by 115.4% during the fourth quarter. Quarry LP now owns 349 shares of the business services provider's stock valued at $67,000 after buying an additional 187 shares during the period. Finally, Curat Global LLC acquired a new position in FTI Consulting in the 1st quarter worth about $89,000. 99.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

FTI Consulting Stock Down 0.3%

FTI Consulting stock traded down $0.54 during midday trading on Friday, reaching $164.01. The stock had a trading volume of 278,858 shares, compared to its average volume of 283,492. FTI Consulting, Inc. has a 1-year low of $151.75 and a 1-year high of $243.60. The firm's fifty day simple moving average is $163.74 and its 200-day simple moving average is $171.75. The stock has a market capitalization of $5.62 billion, a P/E ratio of 22.44 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 issued its earnings results on Thursday, April 24th. The business services provider reported $2.29 earnings per share 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 business had revenue of $898.28 million for the quarter, compared to the consensus estimate of $906.93 million. During the same period in the previous year, the company earned $2.23 earnings per share. The firm's revenue for the quarter was down 3.3% on a year-over-year basis. As a group, analysts expect that FTI Consulting, Inc. will post 8.55 EPS 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 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 management believes its shares are undervalued.

Insider Activity

In other news, CFO Ajay Sabherwal sold 5,236 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $164.60, for a total value of $861,845.60. Following the completion of the sale, the chief financial officer owned 24,777 shares of the company's stock, valued at approximately $4,078,294.20. The trade was a 17.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.79% of the company's stock.

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.