FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lowered its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 54.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 681,958 shares of the business services provider’s stock after selling 831,045 shares during the period. Price T Rowe Associates Inc. MD’s holdings in FTI Consulting were worth $130,344,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FCN. Wilmington Savings Fund Society FSB purchased a new stake in FTI Consulting during the 3rd quarter worth $35,000. GeoWealth Management LLC increased its position in shares of FTI Consulting by 46.0% during the fourth quarter. GeoWealth Management LLC now owns 181 shares of the business services provider’s stock worth $35,000 after acquiring an additional 57 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of FTI Consulting by 394.0% in the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider’s stock worth $47,000 after acquiring an additional 197 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of FTI Consulting by 59.6% in the fourth quarter. UMB Bank n.a. now owns 265 shares of the business services provider’s stock worth $51,000 after acquiring an additional 99 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in FTI Consulting by 51.4% during the 4th quarter. Versant Capital Management Inc now owns 471 shares of the business services provider’s stock valued at $90,000 after purchasing an additional 160 shares in the last quarter. 99.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FCN. Truist Financial lowered FTI Consulting from a “buy” rating to a “hold” rating and cut their target price for the company from $225.00 to $178.00 in a research report on Wednesday, April 2nd. The Goldman Sachs Group cut their price target on shares of 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. Finally, StockNews.com downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd.

FTI Consulting Stock Up 0.5 %

NYSE:FCN opened at $162.75 on Friday. The company has a market cap of $5.76 billion, a PE ratio of 20.87 and a beta of 0.21. The business’s 50 day moving average is $163.96 and its two-hundred day moving average is $187.28. FTI Consulting, Inc. has a 52 week low of $151.75 and a 52 week high of $243.60.

FTI Consulting (NYSE:FCN) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.29 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $898.28 million for the quarter, compared to analysts’ expectations of $906.93 million. As a group, sell-side analysts expect that FTI Consulting, Inc. will post 8.55 EPS for the current fiscal year.

FTI Consulting announced that its Board of Directors has authorized a share repurchase plan on Thursday, April 24th that allows the company to buyback $400.00 million in 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 often an indication that the company’s leadership believes its shares are undervalued.

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.