Gotham Asset Management LLC Acquires 49,452 Shares of FTI Consulting, Inc. (NYSE:FCN)

Gotham Asset Management LLC lifted its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 356.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,325 shares of the business services provider's stock after purchasing an additional 49,452 shares during the quarter. Gotham Asset Management LLC owned about 0.18% of FTI Consulting worth $12,103,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in shares of FTI Consulting by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 438,808 shares of the business services provider's stock worth $83,869,000 after purchasing an additional 8,032 shares during the last quarter. Isthmus Partners LLC bought a new stake in FTI Consulting during the fourth quarter worth $447,000. Ieq Capital LLC raised its position in FTI Consulting by 214.4% in the 4th quarter. Ieq Capital LLC now owns 6,074 shares of the business services provider's stock valued at $1,161,000 after buying an additional 4,142 shares during the last quarter. California Public Employees Retirement System lifted its stake in FTI Consulting by 3.4% during the 4th quarter. California Public Employees Retirement System now owns 146,858 shares of the business services provider's stock valued at $28,069,000 after acquiring an additional 4,853 shares in the last quarter. Finally, Dakota Wealth Management lifted its stake in FTI Consulting by 570.2% during the 4th quarter. Dakota Wealth Management now owns 6,521 shares of the business services provider's stock valued at $1,246,000 after acquiring an additional 5,548 shares in the last quarter. Institutional investors and hedge funds own 99.36% of the company's stock.

Insider Buying and Selling at FTI Consulting

In related news, CFO Ajay Sabherwal sold 5,236 shares of the firm'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 transaction, the chief financial officer now directly owns 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.51% of the company's stock.

Wall Street Analysts Forecast Growth

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

FTI Consulting Trading Up 2.0%

Shares of NYSE:FCN traded up $3.31 during midday trading on Thursday, reaching $165.07. The company had a trading volume of 393,013 shares, compared to its average volume of 244,524. The stock has a market cap of $5.66 billion, a P/E ratio of 21.16 and a beta of 0.18. The company's 50 day moving average price is $163.13 and its 200 day moving average price is $182.35. FTI Consulting, Inc. has a 52-week low of $151.75 and a 52-week high of $243.60.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.29 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $906.93 million. During the same quarter in the prior year, the company earned $2.23 EPS. The firm's quarterly revenue was down 3.3% compared to the same quarter last year. Research analysts forecast that FTI Consulting, Inc. will post 8.55 EPS for the current fiscal year.

FTI Consulting announced that its Board of Directors has initiated a share repurchase program 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 buy up to 6.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

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.