17,542 Shares in FTI Consulting, Inc. (NYSE:FCN) Bought by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. purchased a new stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 17,542 shares of the business services provider's stock, valued at approximately $3,353,000.

Several other institutional investors and hedge funds have also recently modified their holdings of FCN. Mawer Investment Management Ltd. boosted its position in FTI Consulting by 3.8% in the fourth quarter. Mawer Investment Management Ltd. now owns 4,065,609 shares of the business services provider's stock worth $777,060,000 after purchasing an additional 149,276 shares during the last quarter. Vanguard Group Inc. boosted its position in FTI Consulting by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 3,564,322 shares of the business services provider's stock worth $681,249,000 after purchasing an additional 23,419 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in FTI Consulting by 86.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,018,868 shares of the business services provider's stock worth $194,737,000 after purchasing an additional 472,245 shares during the last quarter. Alliancebernstein L.P. boosted its position in FTI Consulting by 9.3% in the fourth quarter. Alliancebernstein L.P. now owns 740,858 shares of the business services provider's stock worth $141,600,000 after purchasing an additional 63,163 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in FTI Consulting by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 701,033 shares of the business services provider's stock worth $133,987,000 after purchasing an additional 23,784 shares during the last quarter. 99.36% of the stock is currently owned by institutional investors.

FTI Consulting Trading Up 0.5%

Shares of NYSE FCN traded up $0.78 during trading hours on Tuesday, hitting $168.28. 70,749 shares of the company traded hands, compared to its average volume of 245,750. The stock has a market capitalization of $5.77 billion, a price-to-earnings ratio of 21.57 and a beta of 0.18. The company's 50 day moving average price is $163.31 and its 200 day moving average price is $181.44. 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. The firm had revenue of $898.28 million for the quarter, compared to the consensus estimate of $906.93 million. FTI Consulting had a return on equity of 13.15% and a net margin of 7.57%. The company's revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.23 EPS. Equities analysts anticipate that FTI Consulting, Inc. will post 8.55 EPS for the current year.

FTI Consulting announced that its Board of Directors has authorized a share repurchase program 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 stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

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

Insider Activity at FTI Consulting

In other FTI Consulting news, CFO Ajay Sabherwal sold 5,236 shares of the company's stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 24,777 shares in the company, valued at approximately $4,078,294.20. This represents a 17.45% decrease in their position. 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 owned by company insiders.

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.