FTI Consulting (NYSE:FCN) Earns Outperform Rating from William Blair

William Blair reiterated their outperform rating on shares of FTI Consulting (NYSE:FCN) in a research note released on Friday,RTT News reports.

Several other analysts also recently weighed in on FCN. Truist Financial downgraded FTI Consulting from a “buy” rating to a “hold” rating and dropped their price target for the company from $225.00 to $178.00 in a research note on Wednesday, April 2nd. 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. Finally, StockNews.com cut shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Thursday, April 3rd.

FTI Consulting Stock Up 0.5 %

FCN opened at $162.75 on Friday. The company has a market cap of $5.85 billion, a P/E ratio of 20.87 and a beta of 0.21. The firm’s 50-day moving average price is $163.96 and its 200-day moving average price is $187.54. FTI Consulting has a 52-week low of $151.75 and a 52-week high of $243.60.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.50. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. The business had revenue of $898.28 million during the quarter, compared to analysts’ expectations of $906.93 million. On average, research analysts anticipate that FTI Consulting will post 8.55 EPS for the current fiscal year.

FTI Consulting announced that its board has approved a stock repurchase program on Thursday, April 24th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the business services provider to purchase up to 6.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FCN. Pacer Advisors Inc. grew its stake in shares of FTI Consulting by 9,995.1% during the 4th quarter. Pacer Advisors Inc. now owns 518,687 shares of the business services provider’s stock worth $99,137,000 after purchasing an additional 513,549 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in FTI Consulting by 86.4% during 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 in the last quarter. Black Creek Investment Management Inc. grew its position in FTI Consulting by 166.1% during the fourth quarter. Black Creek Investment Management Inc. now owns 652,980 shares of the business services provider’s stock valued at $124,804,000 after buying an additional 407,631 shares during the period. Mawer Investment Management Ltd. increased its holdings 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 valued at $777,060,000 after buying an additional 149,276 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of FTI Consulting in the fourth quarter worth about $27,726,000. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

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.