FTI Consulting, Inc. (NYSE:FCN) Shares Acquired by Headlands Technologies LLC

Key Points

• Headlands Technologies LLC significantly increased its stake in FTI Consulting by 5,639.6% during the first quarter, holding 2,755 shares worth $452,000.
• FTI Consulting reported $2.13 EPS for the last quarter, exceeding estimates of $1.87, with a quarterly revenue of $943.66 million.
• The company has authorized a $400 million stock repurchase plan, indicating the board believes the stock is undervalued.

Headlands Technologies LLC increased its stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 5,639.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,755 shares of the business services provider's stock after purchasing an additional 2,707 shares during the period. Headlands Technologies LLC's holdings in FTI Consulting were worth $452,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. GeoWealth Management LLC raised 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 acquiring an additional 57 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in FTI Consulting in the 1st quarter worth $30,000. Signaturefd LLC raised 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 acquiring an additional 81 shares during the last quarter. Quarry LP raised 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 acquiring an additional 187 shares during the last quarter. Finally, Curat Global LLC purchased a new position in FTI Consulting in the 1st quarter worth $89,000. 99.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

FTI Consulting Stock Performance

FCN traded down $2.41 during trading on Tuesday, reaching $165.15. 520,977 shares of the company's stock were exchanged, compared to its average volume of 373,878. FTI Consulting, Inc. has a 1 year low of $151.75 and a 1 year high of $231.65. 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 stock has a market capitalization of $5.34 billion, a P/E ratio of 23.26 and a beta of 0.18. The company's fifty day simple moving average is $164.66 and its 200-day simple moving average is $167.94.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its quarterly earnings results 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. FTI Consulting had a net margin of 6.82% and a return on equity of 12.88%. The company had revenue of $943.66 million during the quarter, compared to analyst estimates of $928.38 million. During the same period last year, the firm posted $2.34 EPS. FTI Consulting's revenue for the quarter was down .6% compared to the same quarter last year. As a group, research analysts predict that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

FTI Consulting announced that its Board of Directors has approved a share repurchase program on Thursday, April 24th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the business services provider to reacquire up to 6.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are 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.