Squarepoint Ops LLC Has $6.86 Million Stake in FTI Consulting, Inc. (NYSE:FCN)

Squarepoint Ops LLC raised its stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 38.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 35,896 shares of the business services provider's stock after buying an additional 9,999 shares during the quarter. Squarepoint Ops LLC owned 0.10% of FTI Consulting worth $6,861,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. GeoWealth Management LLC increased its stake 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 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 worth $47,000 after purchasing an additional 197 shares during the last quarter. UMB Bank n.a. increased its stake 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 purchasing an additional 99 shares during the last quarter. Quarry LP increased 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 worth $67,000 after purchasing an additional 187 shares during the last quarter. Finally, Covestor Ltd increased its stake in shares of FTI Consulting by 23.1% during the 4th quarter. Covestor Ltd now owns 708 shares of the business services provider's stock worth $135,000 after purchasing an additional 133 shares during the last quarter. Institutional investors and hedge funds own 99.36% of the company's stock.

FTI Consulting Price Performance

NYSE:FCN traded down $0.59 during midday trading on Friday, reaching $163.55. The stock had a trading volume of 70,550 shares, compared to its average volume of 253,373. FTI Consulting, Inc. has a 1-year low of $151.75 and a 1-year high of $243.60. The firm's fifty day simple moving average is $163.82 and its 200-day simple moving average is $179.74. The stock has a market capitalization of $5.61 billion, a P/E ratio of 20.95 and a beta of 0.18.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its earnings results on Thursday, April 24th. The business services provider reported $2.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.79 by $0.50. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. The business had revenue of $898.28 million for the quarter, compared to analyst estimates of $906.93 million. During the same period last year, the business posted $2.23 EPS. FTI Consulting's revenue was down 3.3% compared to the same quarter last year. On average, equities research analysts anticipate that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on FCN shares. Truist Financial lowered shares of 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. William Blair restated an "outperform" rating on shares of FTI Consulting in a research note on Friday, April 25th. Wall Street Zen lowered shares of FTI Consulting from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Finally, The Goldman Sachs Group dropped their price target on shares of FTI Consulting from $194.00 to $173.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st.

Insider Activity at FTI Consulting

In other FTI Consulting news, CFO Ajay Sabherwal sold 5,236 shares of the firm's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $164.60, for a total value of $861,845.60. Following the sale, the chief financial officer now directly owns 24,777 shares in the company, valued at $4,078,294.20. This trade represents a 17.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.51% of the stock is currently owned by company 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.