FTI Consulting, Inc. (NYSE:FCN) Short Interest Update

FTI Consulting, Inc. (NYSE:FCN - Get Free Report) saw a significant growth in short interest in May. As of May 31st, there was short interest totalling 1,200,000 shares, a growth of 26.9% from the May 15th total of 945,700 shares. Based on an average daily trading volume, of 428,900 shares, the short-interest ratio is presently 2.8 days. Approximately 3.6% of the shares of the stock are short sold.

FTI Consulting Price Performance

Shares of NYSE FCN traded down $2.61 during trading hours on Friday, reaching $158.80. 868,215 shares of the stock traded hands, compared to its average volume of 272,372. The company's 50-day simple moving average is $164.23 and its two-hundred day simple moving average is $175.24. The company has a market capitalization of $5.45 billion, a P/E ratio of 21.72 and a beta of 0.19. FTI Consulting has a 52-week low of $151.75 and a 52-week high of $243.60. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.07.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.29 EPS for the quarter, topping the consensus estimate of $1.79 by $0.50. The firm 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 7.14% and a return on equity of 13.07%. The business's revenue was down 3.3% compared to the same quarter last year. During the same period last year, the firm posted $2.23 earnings per share. Equities research analysts forecast that FTI Consulting will post 8.55 EPS for the current year.

FTI Consulting declared that its Board of Directors has approved a share repurchase program 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 reacquire up to 6.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, CFO Ajay Sabherwal sold 5,236 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $164.60, for a total transaction of $861,845.60. Following the completion of the transaction, the chief financial officer now directly owns 24,777 shares in the company, valued at $4,078,294.20. The trade was a 17.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.79% of the stock is currently owned by company insiders.

Institutional Trading of FTI Consulting

Several hedge funds have recently added to or reduced their stakes in FCN. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of FTI Consulting during the first quarter valued at about $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in FTI Consulting during the 1st quarter valued at about $33,000. Signaturefd LLC grew its position in FTI Consulting by 65.3% during the 1st quarter. Signaturefd LLC now owns 205 shares of the business services provider's stock worth $34,000 after acquiring an additional 81 shares during the last quarter. GeoWealth Management LLC increased its stake in FTI Consulting by 46.0% in the 4th quarter. GeoWealth Management LLC now owns 181 shares of the business services provider's stock worth $35,000 after purchasing an additional 57 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in FTI Consulting by 394.0% in the 4th 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. 99.36% of the stock is owned by institutional investors.

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.