US Bancorp DE Has $478,000 Stock Position in FTI Consulting, Inc. (NYSE:FCN)

Key Points

• US Bancorp DE has reduced its stake in FTI Consulting, Inc. by 51.6%, now owning 2,914 shares valued at $478,000 after selling 3,109 shares in the first quarter.
• Other institutional investors are increasing their positions, with Signaturefd LLC raising its holdings by 65.3% and Curat Global LLC purchasing a new stake valued at about $89,000.
• FTI Consulting is trading down 1.4% with a current share price of $165.15 and a recent earnings report exceeding estimates, showing a revenue of $943.66 million.

US Bancorp DE reduced its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 51.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,914 shares of the business services provider's stock after selling 3,109 shares during the quarter. US Bancorp DE's holdings in FTI Consulting were worth $478,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. boosted its position in FTI Consulting by 86.4% during 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 acquiring an additional 472,245 shares in the last quarter. Victory Capital Management Inc. boosted its stake in FTI Consulting by 11.0% during the first quarter. Victory Capital Management Inc. now owns 1,549,781 shares of the business services provider's stock worth $254,288,000 after buying an additional 153,523 shares during the period. Raymond James Financial Inc. bought a new position in FTI Consulting in the 4th quarter valued at $27,726,000. Capital World Investors lifted its stake in FTI Consulting by 1,191.6% in the fourth quarter. Capital World Investors now owns 71,246 shares of the business services provider's stock worth $13,617,000 after acquiring an additional 65,730 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in FTI Consulting by 30.4% in the fourth quarter. Ameriprise Financial Inc. now owns 276,702 shares of the business services provider's stock worth $52,886,000 after acquiring an additional 64,431 shares during the period. 99.36% of the stock is owned by institutional investors.

FTI Consulting Stock Down 1.0%

Shares of NYSE FCN traded down $1.70 during midday trading on Friday, hitting $165.80. 482,338 shares of the company's stock were exchanged, compared to its average volume of 373,085. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.11 and a quick ratio of 2.11. FTI Consulting, Inc. has a twelve month low of $151.75 and a twelve month high of $231.65. The company has a market cap of $5.37 billion, a PE ratio of 23.35 and a beta of 0.18. The firm's fifty day simple moving average is $164.92 and its 200-day simple moving average is $167.73.

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

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

Wall Street Analysts Forecast Growth

Separately, William Blair reaffirmed an "outperform" rating on shares of FTI Consulting in a research report 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.