Systematic Financial Management LP Raises Stock Holdings in FTI Consulting, Inc. (NYSE:FCN)

Systematic Financial Management LP grew its position in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 11.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,540 shares of the business services provider's stock after buying an additional 2,820 shares during the period. Systematic Financial Management LP owned approximately 0.08% of FTI Consulting worth $5,264,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Sherbrooke Park Advisers LLC grew its holdings in shares of FTI Consulting by 69.9% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 4,989 shares of the business services provider's stock worth $954,000 after purchasing an additional 2,052 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of FTI Consulting by 7.4% in the 4th quarter. ProShare Advisors LLC now owns 1,652 shares of the business services provider's stock valued at $316,000 after purchasing an additional 114 shares during the last quarter. Quantinno Capital Management LP raised its holdings in shares of FTI Consulting by 19.0% during the 4th quarter. Quantinno Capital Management LP now owns 38,530 shares of the business services provider's stock worth $7,364,000 after buying an additional 6,163 shares in the last quarter. Man Group plc lifted its position in shares of FTI Consulting by 47.3% during the 4th quarter. Man Group plc now owns 96,790 shares of the business services provider's stock worth $18,499,000 after buying an additional 31,083 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in FTI Consulting in the fourth quarter valued at about $896,000. 99.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FCN has been the subject of several research analyst reports. William Blair reissued an "outperform" rating on shares of FTI Consulting in a research note on Friday, April 25th. Wall Street Zen downgraded shares of FTI Consulting from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. The Goldman Sachs Group dropped their price target on FTI Consulting from $194.00 to $173.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. Finally, Truist Financial lowered FTI Consulting from a "buy" rating to a "hold" rating and cut their price objective for the stock from $225.00 to $178.00 in a research note on Wednesday, April 2nd.

Insider Activity at FTI Consulting

In other news, CFO Ajay Sabherwal sold 5,236 shares of the firm's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $164.60, for a total value 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 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 SEC, which is accessible through the SEC website. 2.51% of the stock is currently owned by company insiders.

FTI Consulting Stock Performance

FTI Consulting stock traded up $0.25 during midday trading on Friday, reaching $166.85. 133,052 shares of the stock were exchanged, compared to its average volume of 249,244. The firm has a market cap of $5.72 billion, a PE ratio of 21.37 and a beta of 0.18. FTI Consulting, Inc. has a 52 week low of $151.75 and a 52 week high of $243.60. The company's fifty day moving average is $163.55 and its 200-day moving average is $181.02.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.79 by $0.50. The company had revenue of $898.28 million during the quarter, compared to the consensus estimate of $906.93 million. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. The firm's revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.23 EPS. On average, sell-side analysts anticipate 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 authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to purchase up to 6.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its stock is 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.