Vanguard Group Inc. Cuts Stock Position in FTI Consulting, Inc. (NYSE:FCN)

Vanguard Group Inc. reduced its holdings in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 0.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,539,522 shares of the business services provider's stock after selling 24,800 shares during the quarter. Vanguard Group Inc. owned approximately 10.32% of FTI Consulting worth $580,765,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GeoWealth Management LLC raised its holdings in shares of 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 buying an additional 57 shares in the last quarter. Isthmus Partners LLC raised its holdings in shares of FTI Consulting by 2.7% during the 1st quarter. Isthmus Partners LLC now owns 2,402 shares of the business services provider's stock worth $394,000 after buying an additional 63 shares in the last quarter. Signaturefd LLC raised its holdings in shares of FTI Consulting by 65.3% during the 1st quarter. Signaturefd LLC now owns 205 shares of the business services provider's stock worth $34,000 after buying an additional 81 shares in the last quarter. Mayfair Advisory Group LLC raised its holdings in shares of FTI Consulting by 7.3% during the 1st quarter. Mayfair Advisory Group LLC now owns 1,309 shares of the business services provider's stock worth $215,000 after buying an additional 89 shares in the last quarter. Finally, State of Michigan Retirement System raised its holdings in shares of FTI Consulting by 1.2% during the 1st quarter. State of Michigan Retirement System now owns 8,504 shares of the business services provider's stock worth $1,395,000 after buying an additional 100 shares in the last quarter. 99.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

FTI Consulting Stock Performance

NYSE:FCN traded down $1.70 during trading hours on Friday, reaching $165.80. The stock had a trading volume of 482,338 shares, compared to its average volume of 390,757. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.11 and a current ratio of 2.11. The stock has a 50 day simple moving average of $164.95 and a 200 day simple moving average of $167.32. FTI Consulting, Inc. has a 12-month low of $151.75 and a 12-month high of $231.65. The stock has a market cap of $5.37 billion, a P/E ratio of 23.35 and a beta of 0.18.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its earnings results on Thursday, July 24th. The business services provider reported $2.13 EPS for the quarter, topping the consensus estimate of $1.87 by $0.26. FTI Consulting had a return on equity of 12.88% and a net margin of 6.82%. The business had revenue of $943.66 million during the quarter, compared to analysts' expectations of $928.38 million. During the same period in the previous year, the business earned $2.34 earnings per share. The firm's revenue was down .6% on a year-over-year basis. On average, research analysts forecast that FTI Consulting, Inc. will post 8.55 EPS for the current fiscal year.

FTI Consulting announced that its board has authorized a share repurchase plan on Thursday, April 24th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the business services provider to buy up to 6.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management 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.