Invesco Ltd. Sells 4,755 Shares of FTI Consulting, Inc. (NYSE:FCN)

Invesco Ltd. decreased its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 7.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 56,206 shares of the business services provider's stock after selling 4,755 shares during the quarter. Invesco Ltd. owned about 0.16% of FTI Consulting worth $10,743,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of FTI Consulting in the 3rd quarter worth about $35,000. Jones Financial Companies Lllp raised its holdings in shares of 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 acquiring an additional 197 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of FTI Consulting by 59.6% in the 4th quarter. UMB Bank n.a. now owns 265 shares of the business services provider's stock worth $51,000 after acquiring an additional 99 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of FTI Consulting by 51.4% in the 4th quarter. Versant Capital Management Inc now owns 471 shares of the business services provider's stock worth $90,000 after acquiring an additional 160 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in shares of FTI Consulting by 127.5% in the 4th quarter. Venturi Wealth Management LLC now owns 762 shares of the business services provider's stock worth $146,000 after acquiring an additional 427 shares during the last quarter. Institutional investors and hedge funds own 99.36% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on FCN. StockNews.com lowered shares of FTI Consulting from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. The Goldman Sachs Group lowered their target price 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. William Blair reiterated an "outperform" rating on shares of FTI Consulting in a research note on Friday. Finally, Truist Financial lowered shares of FTI Consulting from a "buy" rating to a "hold" rating and decreased their price objective for the company from $225.00 to $178.00 in a research note on Wednesday, April 2nd.

FTI Consulting Stock Performance

NYSE:FCN traded down $0.23 on Monday, hitting $162.45. The stock had a trading volume of 570,595 shares, compared to its average volume of 234,779. The stock has a market cap of $5.75 billion, a P/E ratio of 20.83 and a beta of 0.21. FTI Consulting, Inc. has a 1 year low of $151.75 and a 1 year high of $243.60. The firm's fifty day simple moving average is $163.40 and its two-hundred day simple moving average is $186.62.

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 analysts' consensus estimates of $1.79 by $0.50. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. The firm had revenue of $898.28 million during the quarter, compared to the consensus estimate of $906.93 million. During the same period in the prior year, the firm earned $2.23 EPS. The company's revenue was down 3.3% compared to the same quarter last year. Equities research analysts predict that FTI Consulting, Inc. will post 8.55 EPS for the current year.

FTI Consulting declared that its board has authorized a share buyback plan on Thursday, April 24th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the business services provider to repurchase up to 6.9% of its shares through open market purchases. Shares buyback plans are often a sign 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.