Jane Street Group LLC Purchases 3,080 Shares of FTI Consulting, Inc. (NYSE:FCN)

Jane Street Group LLC lifted its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 24.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,877 shares of the business services provider's stock after buying an additional 3,080 shares during the quarter. Jane Street Group LLC's holdings in FTI Consulting were worth $3,035,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. GeoWealth Management LLC grew its position in shares of FTI Consulting by 46.0% during the 4th quarter. GeoWealth Management LLC now owns 181 shares of the business services provider's stock worth $35,000 after buying an additional 57 shares during the period. Jones Financial Companies Lllp grew its position in shares of FTI Consulting by 394.0% during the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider's stock worth $47,000 after buying an additional 197 shares during the period. UMB Bank n.a. grew its position in shares of FTI Consulting by 59.6% during the 4th quarter. UMB Bank n.a. now owns 265 shares of the business services provider's stock worth $51,000 after buying an additional 99 shares during the period. Quarry LP grew its position in shares of FTI Consulting by 115.4% during the 4th quarter. Quarry LP now owns 349 shares of the business services provider's stock worth $67,000 after buying an additional 187 shares during the period. Finally, Covestor Ltd grew its position in FTI Consulting by 23.1% in the 4th quarter. Covestor Ltd now owns 708 shares of the business services provider's stock valued at $135,000 after purchasing an additional 133 shares during the period. Institutional investors and hedge funds own 99.36% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at FTI Consulting

In other news, CFO Ajay Sabherwal sold 5,236 shares of FTI Consulting stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $164.60, for a total transaction of $861,845.60. Following the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.51% of the company's stock.

FTI Consulting Stock Up 1.0%

NYSE:FCN traded up $1.68 during trading hours on Friday, hitting $166.94. 442,317 shares of the company traded hands, compared to its average volume of 246,076. The firm's 50-day simple moving average is $163.17 and its 200-day simple moving average is $181.89. FTI Consulting, Inc. has a one year low of $151.75 and a one year high of $243.60. The company has a market cap of $5.72 billion, a PE ratio of 21.40 and a beta of 0.18.

FTI Consulting (NYSE:FCN - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $898.28 million for the quarter, compared to analysts' expectations of $906.93 million. During the same period last year, the business earned $2.23 EPS. The business's revenue was down 3.3% on a year-over-year basis. As a group, equities research analysts expect that FTI Consulting, Inc. will post 8.55 EPS for the current year.

FTI Consulting announced that its board has approved a share buyback program on Thursday, April 24th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the business services provider to purchase 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.

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.