Financial Enhancement Group LLC Has $215,000 Position in FTI Consulting, Inc. (NYSE:FCN)

Financial Enhancement Group LLC lowered its position in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 97.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,283 shares of the business services provider's stock after selling 45,286 shares during the quarter. Financial Enhancement Group LLC's holdings in FTI Consulting were worth $215,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of FTI Consulting by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 438,808 shares of the business services provider's stock worth $83,869,000 after buying an additional 8,032 shares in the last quarter. Isthmus Partners LLC acquired a new position in FTI Consulting in the fourth quarter worth $447,000. Ieq Capital LLC grew its holdings in shares of FTI Consulting by 214.4% during the fourth quarter. Ieq Capital LLC now owns 6,074 shares of the business services provider's stock worth $1,161,000 after purchasing an additional 4,142 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of FTI Consulting by 3.4% during the fourth quarter. California Public Employees Retirement System now owns 146,858 shares of the business services provider's stock worth $28,069,000 after purchasing an additional 4,853 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of FTI Consulting by 7,936.5% in the first quarter. GAMMA Investing LLC now owns 39,379 shares of the business services provider's stock valued at $6,461,000 after buying an additional 38,889 shares in the last quarter. 99.36% of the stock is owned by institutional investors.

FTI Consulting Trading Down 0.5%

FTI Consulting stock traded down $0.79 during mid-day trading on Wednesday, hitting $161.67. The stock had a trading volume of 288,866 shares, compared to its average volume of 273,958. The stock has a 50-day simple moving average of $164.06 and a two-hundred day simple moving average of $174.73. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $5.54 billion, a PE ratio of 22.12 and a beta of 0.19. FTI Consulting, Inc. has a 12 month low of $151.75 and a 12 month high of $243.60.

FTI Consulting (NYSE:FCN - Get Free Report) last released its earnings results on Thursday, April 24th. The business services provider reported $2.29 earnings per share (EPS) for the quarter, beating 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 company had revenue of $898.28 million for the quarter, compared to the consensus estimate of $906.93 million. During the same period in the prior year, the company posted $2.23 EPS. The company's revenue was down 3.3% compared to the same quarter last year. As a group, sell-side analysts forecast that FTI Consulting, Inc. will post 8.55 EPS for the current year.

FTI Consulting declared that its Board of Directors has initiated a share buyback program on Thursday, April 24th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the business services provider to buy up to 6.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued.

Insider Buying and Selling at FTI Consulting

In related news, CFO Ajay Sabherwal sold 5,236 shares of FTI Consulting stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $164.60, for a total transaction of $861,845.60. Following the completion of the sale, the chief financial officer now directly owns 24,777 shares of the company's stock, valued at $4,078,294.20. The trade was a 17.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.79% of the company's stock.

Analyst Upgrades and Downgrades

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

About FTI Consulting

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.