Callan Family Office LLC Sells 6,162 Shares of FTI Consulting, Inc. (NYSE:FCN)

Key Points

• Callan Family Office LLC reduced its stake in FTI Consulting by 65.2%, holding 3,288 shares worth $539,000 after selling 6,162 shares in the first quarter.
• FTI Consulting reported $943.66 million in revenue and $2.13 EPS, beating analyst estimates for the quarter ending July 24th.
• The company has announced a $400 million share repurchase plan, which indicates management's belief that the stock is currently undervalued.

Callan Family Office LLC decreased its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 65.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 3,288 shares of the business services provider's stock after selling 6,162 shares during the period. Callan Family Office LLC's holdings in FTI Consulting were worth $539,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Aigen Investment Management LP purchased a new stake in shares of FTI Consulting in the 1st quarter valued at about $765,000. Entropy Technologies LP raised its holdings in shares of FTI Consulting by 284.6% in the 1st quarter. Entropy Technologies LP now owns 13,630 shares of the business services provider's stock valued at $2,236,000 after acquiring an additional 10,086 shares in the last quarter. Invesco Ltd. raised its holdings in shares of FTI Consulting by 0.9% in the 1st quarter. Invesco Ltd. now owns 56,684 shares of the business services provider's stock valued at $9,301,000 after acquiring an additional 478 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in shares of FTI Consulting by 42.3% in the 1st quarter. Benjamin Edwards Inc. now owns 1,544 shares of the business services provider's stock valued at $253,000 after acquiring an additional 459 shares in the last quarter. Finally, Cynosure Group LLC raised its holdings in shares of FTI Consulting by 41.3% in the 1st quarter. Cynosure Group LLC now owns 2,011 shares of the business services provider's stock valued at $330,000 after acquiring an additional 588 shares in the last quarter. Hedge funds and other institutional investors own 99.36% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, William Blair reiterated an "outperform" rating on shares of FTI Consulting in a research report on Friday, April 25th.

FTI Consulting Trading Down 1.0%

FTI Consulting stock traded down $1.70 during trading hours on Friday, reaching $165.80. The company had a trading volume of 482,338 shares, compared to its average volume of 390,757. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.11 and a quick ratio of 2.11. The company has a 50-day moving average price of $164.95 and a 200 day moving average price of $167.32. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of 23.35 and a beta of 0.18. FTI Consulting, Inc. has a 12-month low of $151.75 and a 12-month high of $231.65.

FTI Consulting (NYSE:FCN - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The business services provider reported $2.13 EPS for the quarter, topping analysts' consensus estimates of $1.87 by $0.26. The business had revenue of $943.66 million for the quarter, compared to analysts' expectations of $928.38 million. FTI Consulting had a return on equity of 12.88% and a net margin of 6.82%. The business's quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.34 EPS. Equities analysts forecast that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

FTI Consulting declared that its board 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 buy up to 6.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its stock is 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.