Marks Group Wealth Management Inc Buys 15,142 Shares of FTI Consulting, Inc. (NYSE:FCN)

Marks Group Wealth Management Inc lifted its position in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 44.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,269 shares of the business services provider's stock after purchasing an additional 15,142 shares during the quarter. Marks Group Wealth Management Inc owned approximately 0.14% of FTI Consulting worth $8,084,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of FCN. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of FTI Consulting in the 1st quarter valued at $30,000. Black Diamond Financial LLC bought a new stake in FTI Consulting during the 1st quarter worth about $328,000. California Public Employees Retirement System lifted its holdings in FTI Consulting by 3.4% in the fourth quarter. California Public Employees Retirement System now owns 146,858 shares of the business services provider's stock valued at $28,069,000 after buying an additional 4,853 shares during the period. GAMMA Investing LLC lifted its stake in shares of FTI Consulting by 7,936.5% in the 1st quarter. GAMMA Investing LLC now owns 39,379 shares of the business services provider's stock valued at $6,461,000 after purchasing an additional 38,889 shares during the period. Finally, Two Sigma Investments LP bought a new position in FTI Consulting during the fourth quarter worth about $442,000. Institutional investors own 99.36% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FCN. William Blair reissued an "outperform" rating on shares of FTI Consulting in a report on Friday, April 25th. Truist Financial lowered shares of FTI Consulting from a "buy" rating to a "hold" rating and lowered their price target for the company from $225.00 to $178.00 in a research note on Wednesday, April 2nd. Finally, Wall Street Zen downgraded FTI Consulting from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd.

FTI Consulting Stock Performance

Shares of FCN traded down $0.54 during trading hours on Friday, hitting $164.01. The company had a trading volume of 278,858 shares, compared to its average volume of 283,492. The business has a fifty day moving average of $163.74 and a 200-day moving average of $171.75. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.07. The firm has a market cap of $5.62 billion, a price-to-earnings ratio of 22.44 and a beta of 0.19. FTI Consulting, Inc. has a 12 month low of $151.75 and a 12 month high of $243.60.

FTI Consulting (NYSE:FCN - Get Free Report) last released its quarterly earnings results 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 return on equity of 13.07% and a net margin of 7.14%. The business had revenue of $898.28 million during the quarter, compared to the consensus estimate of $906.93 million. During the same period in the previous year, the company posted $2.23 EPS. The firm's quarterly revenue was down 3.3% on a year-over-year basis. Equities analysts anticipate that FTI Consulting, Inc. will post 8.55 EPS for the current fiscal year.

FTI Consulting declared that its Board of Directors has approved a stock repurchase plan on Thursday, April 24th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the business services provider to purchase up to 6.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

Insider Activity

In other FTI Consulting news, CFO Ajay Sabherwal sold 5,236 shares of the firm'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 transaction, the chief financial officer owned 24,777 shares in the company, valued at $4,078,294.20. This trade represents a 17.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.79% of the company's stock.

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.