FTI Consulting, Inc. $FCN Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 0.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 441,760 shares of the business services provider's stock after buying an additional 2,952 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.29% of FTI Consulting worth $72,484,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in FTI Consulting in the 1st quarter worth approximately $30,000. Signaturefd LLC lifted its stake in FTI Consulting by 65.3% in the 1st quarter. Signaturefd LLC now owns 205 shares of the business services provider's stock worth $34,000 after purchasing an additional 81 shares in the last quarter. GeoWealth Management LLC lifted its stake in FTI Consulting by 46.0% in the 4th quarter. GeoWealth Management LLC now owns 181 shares of the business services provider's stock worth $35,000 after purchasing an additional 57 shares in the last quarter. Quarry LP lifted its stake in FTI Consulting by 115.4% in the 4th quarter. Quarry LP now owns 349 shares of the business services provider's stock worth $67,000 after purchasing an additional 187 shares in the last quarter. Finally, Curat Global LLC purchased a new position in FTI Consulting in the 1st quarter worth approximately $89,000. 99.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

FTI Consulting Trading Up 1.6%

Shares of FCN stock traded up $2.68 during trading on Monday, hitting $168.17. 53,308 shares of the stock traded hands, compared to its average volume of 371,013. The firm has a market capitalization of $5.44 billion, a P/E ratio of 23.72 and a beta of 0.18. 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 firm's fifty day moving average price is $164.95 and its 200-day moving average price is $167.10. 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 released its quarterly earnings results on Thursday, July 24th. The business services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $1.87 by $0.26. FTI Consulting had a net margin of 6.82% and a return on equity of 12.88%. The firm had revenue of $943.66 million for the quarter, compared to analyst estimates of $928.38 million. During the same quarter in the previous year, the company earned $2.34 EPS. The business's revenue for the quarter was down .6% compared to the same quarter last year. As a group, research analysts forecast that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

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