Sherbrooke Park Advisers LLC Has $954,000 Stock Holdings in FTI Consulting, Inc. (NYSE:FCN)

Sherbrooke Park Advisers LLC raised its holdings in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 69.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,989 shares of the business services provider's stock after acquiring an additional 2,052 shares during the quarter. Sherbrooke Park Advisers LLC's holdings in FTI Consulting were worth $954,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

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

FTI Consulting Trading Up 0.5%

FCN stock traded up $0.78 during mid-day trading on Monday, reaching $167.62. 231,125 shares of the stock traded hands, compared to its average volume of 246,418. FTI Consulting, Inc. has a 52-week low of $151.75 and a 52-week high of $243.60. The company has a market cap of $5.75 billion, a P/E ratio of 21.49 and a beta of 0.18. The stock's fifty day moving average is $163.31 and its 200-day moving average is $181.44.

FTI Consulting (NYSE:FCN - Get Free Report) last issued 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. The company 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 firm's quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.23 EPS. Equities research analysts expect that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

FTI Consulting declared that its Board of Directors has authorized a stock repurchase plan 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 buy up to 6.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its shares are undervalued.

Insider Activity

In other news, CFO Ajay Sabherwal sold 5,236 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $164.60, for a total value of $861,845.60. Following the transaction, the chief financial officer now owns 24,777 shares in the company, valued at $4,078,294.20. This represents a 17.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.51% of the stock is owned by corporate 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.