XTX Topco Ltd Has $3.18 Million Holdings in FTI Consulting, Inc. (NYSE:FCN)

XTX Topco Ltd increased its holdings in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 1,693.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,348 shares of the business services provider's stock after purchasing an additional 18,269 shares during the period. XTX Topco Ltd owned 0.06% of FTI Consulting worth $3,175,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. GeoWealth Management LLC boosted 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 valued at $35,000 after buying an additional 57 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in FTI Consulting in the first quarter worth $30,000. Signaturefd LLC lifted its stake in FTI Consulting by 65.3% in the first quarter. Signaturefd LLC now owns 205 shares of the business services provider's stock valued at $34,000 after buying an additional 81 shares during the period. Quarry LP increased its holdings in shares of FTI Consulting by 115.4% in the fourth quarter. Quarry LP now owns 349 shares of the business services provider's stock worth $67,000 after acquiring an additional 187 shares in the last quarter. Finally, Curat Global LLC acquired a new position in FTI Consulting during the first quarter valued at approximately $89,000. Institutional investors and hedge funds own 99.36% of the company's stock.

Analysts Set New Price Targets

FCN has been the topic of several recent research reports. Wall Street Zen downgraded FTI Consulting from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. William Blair reissued an "outperform" rating on shares of FTI Consulting in a research note on Friday, April 25th. Finally, Truist Financial downgraded FTI Consulting from a "buy" rating to a "hold" rating and dropped their price objective for the company from $225.00 to $178.00 in a research note on Wednesday, April 2nd.

FTI Consulting Price Performance

Shares of FTI Consulting stock traded down $0.10 during trading hours on Wednesday, reaching $170.97. The stock had a trading volume of 549,709 shares, compared to its average volume of 361,847. FTI Consulting, Inc. has a twelve month low of $151.75 and a twelve month high of $231.65. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.25. The stock's 50 day moving average is $164.22 and its 200 day moving average is $169.70. The firm has a market capitalization of $5.53 billion, a PE ratio of 24.08 and a beta of 0.19.

FTI Consulting (NYSE:FCN - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.26. The business had revenue of $943.66 million during the quarter, compared to analysts' expectations 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 period in the previous year, the company earned $2.34 EPS. 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 plan on Thursday, April 24th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the business services provider to purchase up to 6.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Insider Activity

In related 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 transaction of $861,845.60. Following the completion of the sale, the chief financial officer directly owned 24,777 shares of the company's stock, valued at approximately $4,078,294.20. This trade represents a 17.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.79% of the company's stock.

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.