2,311 Shares in FTI Consulting, Inc. (NYSE:FCN) Purchased by Two Sigma Investments LP

Two Sigma Investments LP acquired a new stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,311 shares of the business services provider's stock, valued at approximately $442,000.

A number of other large investors have also made changes to their positions in the company. Mawer Investment Management Ltd. increased its position in shares of FTI Consulting by 3.8% in the 4th quarter. Mawer Investment Management Ltd. now owns 4,065,609 shares of the business services provider's stock valued at $777,060,000 after buying an additional 149,276 shares in the last quarter. Vanguard Group Inc. increased its holdings in FTI Consulting by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 3,564,322 shares of the business services provider's stock worth $681,249,000 after purchasing an additional 23,419 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of FTI Consulting by 86.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,018,868 shares of the business services provider's stock valued at $194,737,000 after purchasing an additional 472,245 shares during the period. Alliancebernstein L.P. raised its stake in shares of FTI Consulting by 9.3% in the 4th quarter. Alliancebernstein L.P. now owns 740,858 shares of the business services provider's stock valued at $141,600,000 after purchasing an additional 63,163 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of FTI Consulting by 3.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 701,033 shares of the business services provider's stock valued at $133,987,000 after purchasing an additional 23,784 shares during the period. Institutional investors own 99.36% of the company's stock.

FTI Consulting Price Performance

Shares of FCN traded down $1.30 during midday trading on Friday, hitting $161.02. The stock had a trading volume of 322,671 shares, compared to its average volume of 266,323. The company has a 50 day simple moving average of $164.15 and a two-hundred day simple moving average of $176.91. FTI Consulting, Inc. has a twelve month low of $151.75 and a twelve month high of $243.60. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of 20.64 and a beta of 0.19.

FTI Consulting (NYSE:FCN - Get Free Report) last released 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. The business had revenue of $898.28 million for the quarter, compared to the consensus estimate of $906.93 million. FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. FTI Consulting's quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.23 earnings per share. Analysts forecast that FTI Consulting, Inc. will post 8.55 EPS for the current fiscal year.

FTI Consulting announced that its board has initiated a share repurchase plan 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 buy up to 6.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. William Blair reissued an "outperform" rating on shares of FTI Consulting in a research note on Friday, April 25th. Truist Financial downgraded FTI Consulting from a "buy" rating to a "hold" rating and dropped their price target for the company from $225.00 to $178.00 in a research note on Wednesday, April 2nd. Wall Street Zen downgraded 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 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 related news, CFO Ajay Sabherwal sold 5,236 shares of FTI Consulting 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 sale, the chief financial officer now owns 24,777 shares of the company's stock, valued at approximately $4,078,294.20. The trade was a 17.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.51% of the stock is owned by company insiders.

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.