FTI Consulting, Inc. (NYSE:FCN) Shares Purchased by Running Oak Capital LLC

Running Oak Capital LLC raised its holdings in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 46.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 89,444 shares of the business services provider's stock after acquiring an additional 28,230 shares during the period. Running Oak Capital LLC owned approximately 0.25% of FTI Consulting worth $14,676,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. GeoWealth Management LLC lifted its position in FTI Consulting by 46.0% during the fourth 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 period. Jones Financial Companies Lllp raised its stake in shares of FTI Consulting by 394.0% during the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider's stock valued at $47,000 after buying an additional 197 shares during the last quarter. Quarry LP raised its stake in shares of FTI Consulting by 115.4% during the 4th quarter. Quarry LP now owns 349 shares of the business services provider's stock valued at $67,000 after buying an additional 187 shares during the last quarter. Curat Global LLC acquired a new position in shares of FTI Consulting in the 1st quarter valued at about $89,000. Finally, Covestor Ltd boosted its stake in shares of FTI Consulting by 23.1% in the fourth quarter. Covestor Ltd now owns 708 shares of the business services provider's stock worth $135,000 after buying an additional 133 shares during the last quarter. 99.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on FCN. Truist Financial lowered FTI Consulting from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $225.00 to $178.00 in a research report on Wednesday, April 2nd. Wall Street Zen downgraded FTI Consulting from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Finally, William Blair restated an "outperform" rating on shares of FTI Consulting in a research report on Friday, April 25th.

FTI Consulting Price Performance

Shares of FCN stock traded down $0.79 on Wednesday, reaching $161.67. 288,881 shares of the company were exchanged, compared to its average volume of 274,374. The business has a 50-day moving average price of $164.01 and a 200 day moving average price of $174.64. FTI Consulting, Inc. has a 1 year low of $151.75 and a 1 year high of $243.60. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 22.12 and a beta of 0.19. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.24 and a current ratio of 2.24.

FTI Consulting (NYSE:FCN - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.29 EPS 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 firm had revenue of $898.28 million during the quarter, compared to analysts' expectations of $906.93 million. During the same period in the previous year, the business earned $2.23 earnings per share. The firm's revenue for the quarter was down 3.3% on a year-over-year basis. Equities research analysts forecast that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

FTI Consulting announced that its board has approved a share buyback plan on Thursday, April 24th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the business services provider to buy up to 6.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its shares are undervalued.

Insiders Place Their Bets

In other news, CFO Ajay Sabherwal sold 5,236 shares of the firm's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $164.60, for a total value of $861,845.60. Following 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 trade represents a 17.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.79% of the stock is currently owned by corporate insiders.

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.