Cerity Partners LLC Sells 2,786 Shares of FTI Consulting, Inc. (NYSE:FCN)

Cerity Partners LLC reduced its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 40.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,159 shares of the business services provider's stock after selling 2,786 shares during the period. Cerity Partners LLC's holdings in FTI Consulting were worth $682,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. increased 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 valued at $194,737,000 after acquiring an additional 472,245 shares during the period. Black Creek Investment Management Inc. boosted its holdings in FTI Consulting by 166.1% during the fourth quarter. Black Creek Investment Management Inc. now owns 652,980 shares of the business services provider's stock valued at $124,804,000 after purchasing an additional 407,631 shares in the last quarter. Mawer Investment Management Ltd. boosted its holdings 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 valued at $777,060,000 after purchasing an additional 149,276 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in FTI Consulting during the fourth quarter valued at approximately $27,726,000. Finally, Norges Bank acquired a new stake in FTI Consulting during the fourth quarter valued at approximately $15,260,000. 99.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. William Blair reissued an "outperform" rating on shares of FTI Consulting in a report on Friday, April 25th. Truist Financial downgraded FTI Consulting from a "buy" rating to a "hold" rating and reduced 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.

Insider Activity at FTI Consulting

In related 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 transaction, the chief financial officer owned 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 Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.79% of the company's stock.

FTI Consulting Trading Up 0.3%

Shares of FTI Consulting stock traded up $0.50 during trading on Friday, hitting $173.99. The company's stock had a trading volume of 407,205 shares, compared to its average volume of 352,148. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.11 and a quick ratio of 2.24. The stock has a market cap of $5.97 billion, a price-to-earnings ratio of 24.51 and a beta of 0.19. The stock has a 50-day moving average price of $163.96 and a two-hundred day moving average price of $170.32. FTI Consulting, Inc. has a 52 week low of $151.75 and a 52 week high of $231.65.

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

FTI Consulting announced that its Board of Directors has initiated a share repurchase program on Thursday, April 24th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the business services provider to buy up to 6.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's leadership 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.