FTI Consulting, Inc. (NYSE:FCN) Shares Acquired by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC boosted its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 13.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 106,415 shares of the business services provider's stock after buying an additional 12,547 shares during the period. Mountain Pacific Investment Advisers LLC owned 0.30% of FTI Consulting worth $17,461,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CIBC Asset Management Inc lifted its stake in shares of FTI Consulting by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 1,083 shares of the business services provider's stock valued at $207,000 after purchasing an additional 55 shares during the last quarter. GeoWealth Management LLC lifted its stake 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 valued at $35,000 after purchasing an additional 57 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of FTI Consulting by 3.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 2,389 shares of the business services provider's stock valued at $457,000 after purchasing an additional 89 shares during the last quarter. Axxcess Wealth Management LLC lifted its stake in shares of FTI Consulting by 6.0% in the 4th quarter. Axxcess Wealth Management LLC now owns 1,820 shares of the business services provider's stock valued at $348,000 after purchasing an additional 103 shares during the last quarter. Finally, Argent Trust Co lifted its stake in shares of FTI Consulting by 8.9% in the 4th quarter. Argent Trust Co now owns 1,254 shares of the business services provider's stock valued at $240,000 after purchasing an additional 103 shares during the last quarter. Institutional investors and hedge funds own 99.36% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. William Blair reiterated an "outperform" rating on shares of FTI Consulting in a report on Friday, April 25th. Truist Financial downgraded FTI Consulting from a "buy" rating to a "hold" rating and cut their price objective for the company from $225.00 to $178.00 in a report on Wednesday, April 2nd. The Goldman Sachs Group cut their price objective on FTI Consulting from $194.00 to $173.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. Finally, Wall Street Zen downgraded FTI Consulting from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd.

Insiders Place Their Bets

In other news, CFO Ajay Sabherwal sold 5,236 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 24,777 shares of the company's stock, valued at approximately $4,078,294.20. This represents a 17.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.79% of the stock is owned by company insiders.

FTI Consulting Stock Down 0.0%

NYSE FCN traded down $0.01 during trading hours on Thursday, hitting $161.38. 387,845 shares of the company were exchanged, compared to its average volume of 269,063. The company has a 50 day moving average of $164.33 and a two-hundred day moving average of $176.04. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.07. FTI Consulting, Inc. has a 52-week low of $151.75 and a 52-week high of $243.60. The firm has a market cap of $5.53 billion, a price-to-earnings ratio of 22.08 and a beta of 0.19.

FTI Consulting (NYSE:FCN - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.29 earnings per share for the quarter, topping 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 company 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 business earned $2.23 EPS. FTI Consulting's revenue was down 3.3% on a year-over-year basis. Equities research analysts anticipate that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

FTI Consulting declared that its board has initiated a stock buyback program on Thursday, April 24th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the business services provider to purchase up to 6.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its stock is undervalued.

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.