TD Asset Management Inc Sells 11,000 Shares of FTI Consulting, Inc. (NYSE:FCN)

Key Points

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TD Asset Management Inc decreased its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 52.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,100 shares of the business services provider's stock after selling 11,000 shares during the quarter. TD Asset Management Inc's holdings in FTI Consulting were worth $1,657,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of FTI Consulting during the 1st quarter worth approximately $30,000. Signaturefd LLC boosted its holdings in FTI Consulting by 65.3% in the 1st quarter. Signaturefd LLC now owns 205 shares of the business services provider's stock worth $34,000 after acquiring an additional 81 shares during the period. GeoWealth Management LLC lifted its stake in shares of FTI Consulting by 46.0% in the fourth quarter. GeoWealth Management LLC now owns 181 shares of the business services provider's stock worth $35,000 after acquiring an additional 57 shares in the last quarter. Quarry LP raised 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 valued at $67,000 after buying an additional 187 shares in the last quarter. Finally, Curat Global LLC bought a new position in FTI Consulting in the first quarter worth about $89,000. Hedge funds and other institutional investors own 99.36% of the company's stock.

Analysts Set New Price Targets

Separately, William Blair restated an "outperform" rating on shares of FTI Consulting in a research report on Friday, April 25th.

FTI Consulting Trading Up 1.3%

NYSE FCN traded up $2.20 on Tuesday, hitting $168.49. 275,663 shares of the stock were exchanged, compared to its average volume of 398,751. FTI Consulting, Inc. has a 52-week low of $151.75 and a 52-week high of $231.65. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.11 and a quick ratio of 2.11. The company has a market capitalization of $5.45 billion, a price-to-earnings ratio of 23.73 and a beta of 0.18. The company's 50-day moving average price is $164.27 and its two-hundred day moving average price is $168.79.

FTI Consulting (NYSE:FCN - Get Free Report) last issued its earnings results on Thursday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.87 by $0.26. The company had revenue of $943.66 million during the quarter, compared to analyst estimates of $928.38 million. FTI Consulting had a net margin of 6.82% and a return on equity of 12.88%. The company's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the business posted $2.34 EPS. Research analysts predict that FTI Consulting, Inc. will post 8.55 EPS for the current year.

FTI Consulting declared that its Board of Directors has approved a stock buyback program on Thursday, April 24th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the business services provider to reacquire up to 6.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

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.