FTI Consulting, Inc. (NYSE:FCN) Holdings Trimmed by First Trust Advisors LP

First Trust Advisors LP cut its holdings in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 2.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 64,627 shares of the business services provider's stock after selling 1,742 shares during the period. First Trust Advisors LP owned about 0.18% of FTI Consulting worth $12,352,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Pacer Advisors Inc. boosted its stake in FTI Consulting by 9,995.1% in the fourth quarter. Pacer Advisors Inc. now owns 518,687 shares of the business services provider's stock valued at $99,137,000 after acquiring an additional 513,549 shares during the period. Black Creek Investment Management Inc. boosted its position in FTI Consulting by 166.1% during the 4th quarter. Black Creek Investment Management Inc. now owns 652,980 shares of the business services provider's stock valued at $124,804,000 after purchasing an additional 407,631 shares during the period. Mawer Investment Management Ltd. increased its position in FTI Consulting by 3.8% in the fourth quarter. Mawer Investment Management Ltd. now owns 4,065,609 shares of the business services provider's stock worth $777,060,000 after buying an additional 149,276 shares during the period. Raymond James Financial Inc. bought a new stake in FTI Consulting in the fourth quarter valued at $27,726,000. Finally, Norges Bank acquired a new position in shares of FTI Consulting during the fourth quarter valued at $15,260,000. Institutional investors own 99.36% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on FCN. William Blair reissued an "outperform" rating on shares of FTI Consulting in a research note on Friday, April 25th. StockNews.com lowered FTI Consulting from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Truist Financial downgraded FTI Consulting from a "buy" rating to a "hold" rating and cut their target price for the company from $225.00 to $178.00 in a research note on Wednesday, April 2nd. Finally, The Goldman Sachs Group decreased their price target on FTI Consulting from $194.00 to $173.00 and set a "neutral" rating for the company in a research note on Friday, February 21st.

FTI Consulting Price Performance

Shares of FTI Consulting stock traded up $1.84 during trading on Wednesday, hitting $166.16. The stock had a trading volume of 460,326 shares, compared to its average volume of 236,320. The business has a fifty day moving average of $163.43 and a two-hundred day moving average of $186.46. The firm has a market cap of $5.88 billion, a P/E ratio of 21.30 and a beta of 0.21. FTI Consulting, Inc. has a fifty-two week low of $151.75 and a fifty-two week high of $243.60.

FTI Consulting (NYSE:FCN - Get Free Report) last released its earnings results on Thursday, April 24th. The business services provider reported $2.29 EPS for the quarter, topping 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 net margin of 7.57% and a return on equity of 13.15%. The business's revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.23 EPS. As a group, research analysts forecast that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

FTI Consulting declared that its Board of Directors has initiated a share buyback 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 repurchase up to 6.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its stock is undervalued.

FTI Consulting 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.