New Age Alpha Advisors LLC Invests $5.25 Million in FTI Consulting, Inc. (NYSE:FCN)

Key Points

• New Age Alpha Advisors LLC invested approximately $5.25 million in FTI Consulting, acquiring 32,003 shares of the company.
• FTI Consulting reported a net margin of 6.82% and beat earnings expectations, with an EPS of $2.13, exceeding the consensus estimate of $1.87.
• The company has initiated a $400 million share repurchase program, indicating confidence in its stock value amidst a current market cap of $5.45 billion.

New Age Alpha Advisors LLC acquired a new position in FTI Consulting, Inc. (NYSE:FCN - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 32,003 shares of the business services provider's stock, valued at approximately $5,251,000. New Age Alpha Advisors LLC owned 0.09% of FTI Consulting as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of FCN. LPL Financial LLC raised its position in shares of FTI Consulting by 17.6% during the 4th quarter. LPL Financial LLC now owns 13,764 shares of the business services provider's stock worth $2,631,000 after purchasing an additional 2,059 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of FTI Consulting by 10.7% during the 4th quarter. JPMorgan Chase & Co. now owns 87,594 shares of the business services provider's stock worth $16,742,000 after purchasing an additional 8,474 shares during the last quarter. Norges Bank acquired a new position in shares of FTI Consulting during the 4th quarter worth about $15,260,000. O Shaughnessy Asset Management LLC acquired a new position in shares of FTI Consulting during the 4th quarter worth about $241,000. Finally, Franklin Resources Inc. grew its stake in FTI Consulting by 70.6% during the 4th quarter. Franklin Resources Inc. now owns 4,107 shares of the business services provider's stock valued at $785,000 after acquiring an additional 1,700 shares in the last quarter. Institutional investors and hedge funds own 99.36% of the company's stock.

FTI Consulting Price Performance

NYSE FCN traded down $0.64 during trading hours on Friday, hitting $167.58. 192,937 shares of the company's stock traded hands, compared to its average volume of 388,313. FTI Consulting, Inc. has a 52-week low of $151.75 and a 52-week high of $231.65. The company has a market capitalization of $5.42 billion, a PE ratio of 23.60 and a beta of 0.18. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.11 and a quick ratio of 2.11. The firm's 50-day moving average is $164.55 and its 200-day moving average is $168.44.

FTI Consulting (NYSE:FCN - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.26. FTI Consulting had a net margin of 6.82% and a return on equity of 12.88%. The company had revenue of $943.66 million during the quarter, compared to analysts' expectations of $928.38 million. During the same quarter in the prior year, the company earned $2.34 EPS. FTI Consulting's revenue was down .6% compared to the same quarter last year. Equities 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 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 reacquire up to 6.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

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

FTI Consulting 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.