Nebula Research & Development LLC Has $1.17 Million Holdings in FTI Consulting, Inc. (NYSE:FCN)

Nebula Research & Development LLC increased its stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 586.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,124 shares of the business services provider's stock after acquiring an additional 5,232 shares during the quarter. Nebula Research & Development LLC's holdings in FTI Consulting were worth $1,170,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FCN. Voya Investment Management LLC raised its holdings in FTI Consulting by 93.4% during the 4th quarter. Voya Investment Management LLC now owns 9,670 shares of the business services provider's stock worth $1,848,000 after buying an additional 4,671 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in shares of 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 buying an additional 472,245 shares during the period. Pinebridge Investments L.P. grew its holdings in shares of FTI Consulting by 42.7% during the fourth quarter. Pinebridge Investments L.P. now owns 11,952 shares of the business services provider's stock valued at $2,284,000 after buying an additional 3,577 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in FTI Consulting during the fourth quarter valued at $924,000. Finally, Hsbc Holdings PLC lifted its stake in FTI Consulting by 56.5% in the 4th quarter. Hsbc Holdings PLC now owns 8,739 shares of the business services provider's stock worth $1,664,000 after acquiring an additional 3,156 shares in the last quarter. 99.36% of the stock is owned by institutional investors and hedge funds.

FTI Consulting Price Performance

FCN traded up $1.84 during midday trading on Wednesday, hitting $166.16. 460,326 shares of the company's stock traded hands, compared to its average volume of 236,320. The company has a market cap of $5.88 billion, a PE ratio of 21.30 and a beta of 0.21. FTI Consulting, Inc. has a one year low of $151.75 and a one year high of $243.60. The stock's fifty day simple moving average is $163.47 and its 200-day simple moving average is $186.32.

FTI Consulting (NYSE:FCN - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.50. The business had revenue of $898.28 million during the quarter, compared to analyst estimates of $906.93 million. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. FTI Consulting's quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.23 EPS. On average, research analysts expect that FTI Consulting, Inc. will post 8.55 EPS for the current year.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FCN. The Goldman Sachs Group dropped their target price on 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, April 25th. StockNews.com lowered shares of FTI Consulting from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Finally, Truist Financial downgraded shares of FTI Consulting from a "buy" rating to a "hold" rating and dropped their price target for the stock from $225.00 to $178.00 in a research note on Wednesday, April 2nd.

FTI Consulting 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.