FTI Consulting, Inc. (NYSE:FCN) Stock Position Cut by Brown Advisory Inc.

Brown Advisory Inc. trimmed its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 302,944 shares of the business services provider's stock after selling 7,840 shares during the quarter. Brown Advisory Inc. owned about 0.84% of FTI Consulting worth $57,902,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Barclays PLC raised its stake in shares of FTI Consulting by 160.8% in the 3rd quarter. Barclays PLC now owns 25,929 shares of the business services provider's stock worth $5,901,000 after buying an additional 15,986 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in FTI Consulting during the third quarter worth about $35,000. Synovus Financial Corp raised its position in FTI Consulting by 5.5% in the third quarter. Synovus Financial Corp now owns 4,710 shares of the business services provider's stock worth $1,072,000 after acquiring an additional 246 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in FTI Consulting by 3.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 79,120 shares of the business services provider's stock valued at $18,005,000 after acquiring an additional 2,860 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of FTI Consulting by 51.4% during the 4th quarter. Versant Capital Management Inc now owns 471 shares of the business services provider's stock valued at $90,000 after purchasing an additional 160 shares in the last quarter. 99.36% of the stock is currently owned by institutional investors.

FTI Consulting Stock Up 0.8 %

FCN opened at $166.56 on Monday. The firm has a market capitalization of $5.71 billion, a P/E ratio of 21.35 and a beta of 0.21. The stock has a fifty day moving average of $163.50 and a 200-day moving average of $184.87. FTI Consulting, Inc. has a 12-month low of $151.75 and a 12-month 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 earnings per share 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 company had revenue of $898.28 million for the quarter, compared to analysts' expectations of $906.93 million. During the same quarter in the previous year, the business posted $2.23 EPS. The business's revenue for the quarter was down 3.3% on a year-over-year basis. On average, analysts expect that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

FTI Consulting declared that its Board of Directors has approved a share repurchase 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 reacquire up to 6.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms recently commented on FCN. William Blair reissued an "outperform" rating on shares of FTI Consulting in a research note on Friday, April 25th. StockNews.com downgraded FTI Consulting from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Truist Financial cut FTI Consulting from a "buy" rating to a "hold" rating and decreased their target price for the stock from $225.00 to $178.00 in a report on Wednesday, April 2nd. Finally, The Goldman Sachs Group cut 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.

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.

Want to see what other hedge funds are holding FCN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FTI Consulting, Inc. (NYSE:FCN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.