Running Oak Capital LLC Acquires 28,230 Shares of FTI Consulting, Inc. (NYSE:FCN)

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

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GeoWealth Management LLC increased its holdings in shares of FTI Consulting by 46.0% during the fourth quarter. GeoWealth Management LLC now owns 181 shares of the business services provider's stock worth $35,000 after buying an additional 57 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of FTI Consulting by 394.0% during the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider's stock worth $47,000 after buying an additional 197 shares in the last quarter. Quarry LP increased its holdings in shares of 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 buying an additional 187 shares in the last quarter. Curat Global LLC acquired a new position in shares of FTI Consulting during the first quarter worth $89,000. Finally, Covestor Ltd increased its holdings in shares of FTI Consulting by 23.1% during 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 in the last quarter. 99.36% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Ajay Sabherwal sold 5,236 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $164.60, for a total transaction of $861,845.60. Following the transaction, the chief financial officer now owns 24,777 shares of the company's stock, valued at $4,078,294.20. This represents a 17.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.79% of the company's stock.

Analyst Ratings Changes

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

FTI Consulting Trading Up 1.5%

FTI Consulting stock traded up $2.42 during trading hours on Monday, reaching $161.19. 497,164 shares of the company's stock were exchanged, compared to its average volume of 273,271. 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's 50 day simple moving average is $164.11 and its 200 day simple moving average is $174.81. FTI Consulting, Inc. has a twelve month low of $151.75 and a twelve month high of $243.60. The firm has a market capitalization of $5.53 billion, a PE ratio of 22.05 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 analysts' consensus estimates 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 the consensus estimate of $906.93 million. During the same period last year, the business posted $2.23 EPS. The business's revenue was down 3.3% compared to the same quarter last year. Research analysts predict that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

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

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.