UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $23.08 Million Stake in FTI Consulting, Inc. (NYSE:FCN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 16.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 120,736 shares of the business services provider's stock after buying an additional 16,805 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.34% of FTI Consulting worth $23,076,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in FCN. CIBC Asset Management Inc increased its holdings in FTI Consulting by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 1,083 shares of the business services provider's stock worth $207,000 after purchasing an additional 55 shares in the last quarter. GeoWealth Management LLC increased its holdings in FTI Consulting by 46.0% during 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. Exchange Traded Concepts LLC increased its holdings in FTI Consulting by 2.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 3,435 shares of the business services provider's stock worth $657,000 after purchasing an additional 85 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in FTI Consulting by 3.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 2,389 shares of the business services provider's stock worth $457,000 after purchasing an additional 89 shares in the last quarter. Finally, Axxcess Wealth Management LLC increased its holdings in FTI Consulting by 6.0% during the 4th quarter. Axxcess Wealth Management LLC now owns 1,820 shares of the business services provider's stock worth $348,000 after purchasing an additional 103 shares in the last quarter. Institutional investors and hedge funds own 99.36% of the company's stock.

Insider Buying and Selling

In other FTI Consulting news, CFO Ajay Sabherwal sold 5,236 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 24,777 shares in the company, valued at $4,078,294.20. This trade represents a 17.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.51% of the stock is currently owned by corporate insiders.

FTI Consulting Price Performance

NYSE FCN traded up $0.07 on Friday, hitting $164.21. 465,049 shares of the stock were exchanged, compared to its average volume of 255,837. The business's fifty day moving average is $163.88 and its 200 day moving average is $179.22. FTI Consulting, Inc. has a 52 week low of $151.75 and a 52 week high of $243.60. The company has a market capitalization of $5.63 billion, a PE ratio of 21.05 and a beta of 0.18.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.29 EPS for the quarter, topping analysts' consensus estimates of $1.79 by $0.50. FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. The business had revenue of $898.28 million during the quarter, compared to analysts' expectations of $906.93 million. During the same quarter last year, the company posted $2.23 earnings per share. FTI Consulting's quarterly revenue was down 3.3% on a year-over-year basis. Analysts predict that FTI Consulting, Inc. will post 8.55 EPS for the current fiscal year.

FTI Consulting declared that its board has approved a stock repurchase plan 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 plans are usually a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on FCN shares. William Blair reiterated an "outperform" rating on shares of FTI Consulting in a report on Friday, April 25th. The Goldman Sachs Group decreased their price objective on FTI Consulting from $194.00 to $173.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Truist Financial cut FTI Consulting from a "buy" rating to a "hold" rating and decreased their price objective for the company from $225.00 to $178.00 in a report on Wednesday, April 2nd. Finally, Wall Street Zen cut FTI Consulting from a "buy" rating to a "hold" rating in a 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.