XTX Topco Ltd Sells 2,975 Shares of FTI Consulting, Inc. (NYSE:FCN)

XTX Topco Ltd reduced its position in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 73.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,079 shares of the business services provider's stock after selling 2,975 shares during the period. XTX Topco Ltd's holdings in FTI Consulting were worth $206,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. CIBC Asset Management Inc grew its holdings in shares of FTI Consulting by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 1,083 shares of the business services provider's stock valued at $207,000 after acquiring an additional 55 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in FTI Consulting by 2.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,435 shares of the business services provider's stock valued at $657,000 after purchasing an additional 85 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of FTI Consulting by 3.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 2,389 shares of the business services provider's stock worth $457,000 after purchasing an additional 89 shares during the last quarter. UMB Bank n.a. raised its stake 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 purchasing an additional 99 shares in the last quarter. Finally, Axxcess Wealth Management LLC boosted its holdings in shares of FTI Consulting by 6.0% in the 4th quarter. Axxcess Wealth Management LLC now owns 1,820 shares of the business services provider's stock valued at $348,000 after buying an additional 103 shares during the last quarter. 99.36% of the stock is currently owned by institutional investors.

FTI Consulting Stock Performance

FCN traded down $0.77 on Thursday, reaching $165.51. The company had a trading volume of 296,151 shares, compared to its average volume of 236,155. The stock has a market cap of $5.67 billion, a P/E ratio of 21.20 and a beta of 0.21. FTI Consulting, Inc. has a fifty-two week low of $151.75 and a fifty-two week high of $243.60. The company's fifty day moving average is $163.47 and its 200 day moving average is $186.32.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its earnings results on Thursday, April 24th. The business services provider reported $2.29 EPS for the quarter, beating the consensus estimate 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 revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.23 earnings per share. On average, sell-side analysts expect that FTI Consulting, Inc. will post 8.55 EPS for the current year.

FTI Consulting announced that its Board of Directors has initiated a share buyback plan on Thursday, April 24th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the business services provider to reacquire up to 6.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages have commented on FCN. StockNews.com cut shares of FTI Consulting from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. William Blair reissued an "outperform" rating on shares of FTI Consulting in a research report on Friday, April 25th. Truist Financial lowered FTI Consulting from a "buy" rating to a "hold" rating and dropped their price objective for the company from $225.00 to $178.00 in a research note on Wednesday, April 2nd. Finally, The Goldman Sachs Group decreased 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.

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.