FTI Consulting, Inc. (NYSE:FCN) Shares Bought by Systematic Financial Management LP

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

Other large investors have also recently bought and sold shares of the company. GeoWealth Management LLC grew its holdings in shares of 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 period. Jones Financial Companies Lllp boosted its position in FTI Consulting by 394.0% during the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider's stock worth $47,000 after purchasing an additional 197 shares in the last quarter. UMB Bank n.a. grew its holdings in FTI Consulting by 59.6% in the fourth quarter. UMB Bank n.a. now owns 265 shares of the business services provider's stock valued at $51,000 after purchasing an additional 99 shares during the last quarter. Quarry LP increased its position in shares of FTI Consulting by 115.4% in the fourth quarter. Quarry LP now owns 349 shares of the business services provider's stock valued at $67,000 after buying an additional 187 shares in the last quarter. Finally, Covestor Ltd increased its position in shares of FTI Consulting by 23.1% in the fourth quarter. Covestor Ltd now owns 708 shares of the business services provider's stock valued at $135,000 after buying an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 99.36% of the company's stock.

FTI Consulting Price Performance

NYSE:FCN traded down $2.43 on Wednesday, reaching $165.60. The stock had a trading volume of 408,412 shares, compared to its average volume of 248,907. FTI Consulting, Inc. has a 12-month low of $151.75 and a 12-month high of $243.60. The company has a market cap of $5.68 billion, a price-to-earnings ratio of 21.23 and a beta of 0.18. The firm's fifty day moving average is $163.44 and its two-hundred day moving average is $181.35.

FTI Consulting (NYSE:FCN - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.50. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. The business had revenue of $898.28 million for the quarter, compared to the consensus estimate of $906.93 million. During the same quarter in the prior year, the firm posted $2.23 earnings per share. The company's quarterly revenue was down 3.3% 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 of Directors has authorized a share repurchase plan on Thursday, April 24th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the business services provider to purchase up to 6.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Insider Buying and Selling

In other news, CFO Ajay Sabherwal sold 5,236 shares of the company's 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 in the company, valued at $4,078,294.20. This represents a 17.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.51% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. StockNews.com cut shares of FTI Consulting from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. William Blair reissued an "outperform" rating on shares of FTI Consulting in a research note on Friday, April 25th. The Goldman Sachs Group cut their price objective on FTI Consulting from $194.00 to $173.00 and set a "neutral" rating for the company in a research report on Friday, February 21st. Finally, Truist Financial cut FTI Consulting from a "buy" rating to a "hold" rating and lowered their target price for the company from $225.00 to $178.00 in a report on Wednesday, April 2nd.

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.