FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lessened its position in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 1.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 123,048 shares of the business services provider's stock after selling 2,410 shares during the period. Nuveen Asset Management LLC owned about 0.34% of FTI Consulting worth $23,518,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. GeoWealth Management LLC lifted its position 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 purchasing an additional 57 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of FTI Consulting by 394.0% in the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider's stock valued at $47,000 after acquiring an additional 197 shares during the last quarter. UMB Bank n.a. raised its position in shares of FTI Consulting by 59.6% during the 4th quarter. UMB Bank n.a. now owns 265 shares of the business services provider's stock worth $51,000 after acquiring an additional 99 shares in the last quarter. Quarry LP lifted its stake in FTI Consulting by 115.4% during the fourth quarter. Quarry LP now owns 349 shares of the business services provider's stock worth $67,000 after purchasing an additional 187 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in 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 purchasing an additional 133 shares in the last quarter. 99.36% of the stock is owned by hedge funds and other institutional investors.

FTI Consulting Stock Performance

FTI Consulting stock traded down $3.57 during midday trading on Wednesday, hitting $164.10. 34,210 shares of the company's stock were exchanged, compared to its average volume of 363,464. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of 21.04 and a beta of 0.18. FTI Consulting, Inc. has a 12-month low of $151.75 and a 12-month high of $243.60. The firm's 50 day simple moving average is $163.71 and its 200 day simple moving average is $180.14.

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 (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.50. The firm had revenue of $898.28 million for the quarter, compared to analysts' expectations of $906.93 million. FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. The firm's revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.23 EPS. On average, equities research analysts forecast that FTI Consulting, Inc. will post 8.55 EPS for the current fiscal year.

FTI Consulting announced that its Board of Directors has approved a stock repurchase program on Thursday, April 24th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the business services provider to purchase up to 6.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

Insider Buying and Selling

In other news, CFO Ajay Sabherwal sold 5,236 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $164.60, for a total value of $861,845.60. Following the completion of the sale, the chief financial officer now directly owns 24,777 shares of the company's stock, valued at $4,078,294.20. This trade represents a 17.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.51% of the company's stock.

Wall Street Analyst Weigh In

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

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.