5,742 Shares in FTI Consulting, Inc. (NYSE:FCN) Purchased by SG Americas Securities LLC

SG Americas Securities LLC acquired a new position in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,742 shares of the business services provider's stock, valued at approximately $942,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its position in FTI Consulting by 1,215.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 48,945 shares of the business services provider's stock worth $9,291,000 after buying an additional 45,224 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of FTI Consulting by 206.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 16,807 shares of the business services provider's stock worth $3,233,000 after acquiring an additional 11,314 shares during the last quarter. Rhumbline Advisers boosted its position in shares of FTI Consulting by 3.7% in the fourth quarter. Rhumbline Advisers now owns 101,852 shares of the business services provider's stock worth $19,467,000 after acquiring an additional 3,609 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of FTI Consulting by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 1,083 shares of the business services provider's stock worth $207,000 after acquiring an additional 55 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of FTI Consulting by 127.5% in the fourth quarter. Venturi Wealth Management LLC now owns 762 shares of the business services provider's stock worth $146,000 after acquiring an additional 427 shares during the last quarter. Hedge funds and other institutional investors own 99.36% of the company's stock.

Insider Transactions at FTI Consulting

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 value of $861,845.60. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.79% of the company's stock.

FTI Consulting Trading Down 1.6%

NYSE:FCN traded down $2.61 on Friday, hitting $158.80. 868,215 shares of the stock were exchanged, compared to its average volume of 272,073. The stock has a market cap of $5.45 billion, a PE ratio of 21.72 and a beta of 0.19. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.07. The stock has a fifty day moving average of $164.23 and a 200-day moving average of $175.45. FTI Consulting, Inc. has a fifty-two week low of $151.75 and a fifty-two week high of $243.60.

FTI Consulting (NYSE:FCN - Get Free Report) last issued its 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 during the quarter, compared to the consensus estimate of $906.93 million. During the same quarter in the prior year, the business earned $2.23 earnings per share. The company's revenue was down 3.3% compared to the same quarter last year. As a group, equities analysts expect that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

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

Analyst Upgrades and Downgrades

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

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.