Quantinno Capital Management LP Has $7.36 Million Stake in FTI Consulting, Inc. (NYSE:FCN)

Quantinno Capital Management LP raised its holdings in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 19.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,530 shares of the business services provider's stock after purchasing an additional 6,163 shares during the quarter. Quantinno Capital Management LP owned approximately 0.11% of FTI Consulting worth $7,364,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in FCN. GeoWealth Management LLC increased its position in FTI Consulting by 46.0% during the 4th quarter. GeoWealth Management LLC now owns 181 shares of the business services provider's stock worth $35,000 after buying an additional 57 shares during the period. Jones Financial Companies Lllp increased its position in shares of FTI Consulting by 394.0% in the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider's stock worth $47,000 after purchasing an additional 197 shares during the period. UMB Bank n.a. increased its position in shares of FTI Consulting by 59.6% in the fourth quarter. UMB Bank n.a. now owns 265 shares of the business services provider's stock worth $51,000 after purchasing an additional 99 shares during the period. Quarry LP increased its position 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 purchasing an additional 187 shares during the period. Finally, Covestor Ltd increased its position in shares of FTI Consulting by 23.1% in the fourth quarter. Covestor Ltd now owns 708 shares of the business services provider's stock worth $135,000 after purchasing an additional 133 shares during the period. Institutional investors and hedge funds own 99.36% of the company's stock.

Insider Activity at FTI Consulting

In other FTI Consulting news, CFO Ajay Sabherwal sold 5,236 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $164.60, for a total value of $861,845.60. Following the transaction, the chief financial officer now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.51% of the stock is currently owned by company insiders.

FTI Consulting Trading Down 0.9%

FCN stock traded down $1.54 during trading on Wednesday, hitting $166.50. The company had a trading volume of 59,880 shares, compared to its average volume of 247,016. The business has a 50-day moving average of $163.44 and a 200-day moving average of $181.35. FTI Consulting, Inc. has a one year low of $151.75 and a one year high of $243.60. The stock has a market cap of $5.71 billion, a PE ratio of 21.35 and a beta of 0.18.

FTI Consulting (NYSE:FCN - Get Free Report) last announced its earnings results on Thursday, April 24th. The business services provider reported $2.29 EPS for the quarter, beating the consensus estimate of $1.79 by $0.50. FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. The business had revenue of $898.28 million for the quarter, compared to analysts' expectations of $906.93 million. During the same period in the prior year, the business posted $2.23 earnings per share. The firm's revenue was down 3.3% on a year-over-year basis. Research analysts forecast that FTI Consulting, Inc. will post 8.55 EPS for the current year.

FTI Consulting declared that its Board of Directors has initiated a stock buyback plan on Thursday, April 24th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the business services provider to repurchase up to 6.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its shares are undervalued.

Analyst Ratings Changes

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

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.