FTI Consulting, Inc. (NYSE:FCN) Shares Bought by Vista Investment Management

Vista Investment Management boosted its position in shares of FTI Consulting, Inc. (NYSE:FCN) by 7.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,917 shares of the business services provider’s stock after buying an additional 199 shares during the quarter. Vista Investment Management’s holdings in FTI Consulting were worth $558,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GeoWealth Management LLC grew its position in FTI Consulting by 46.0% during the fourth quarter. GeoWealth Management LLC now owns 181 shares of the business services provider’s stock valued at $35,000 after buying an additional 57 shares during the period. Jones Financial Companies Lllp grew its position in FTI Consulting by 394.0% during the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the business services provider’s stock valued at $47,000 after buying an additional 197 shares during the period. UMB Bank n.a. grew its position in FTI Consulting by 59.6% during the fourth quarter. UMB Bank n.a. now owns 265 shares of the business services provider’s stock valued at $51,000 after buying an additional 99 shares during the period. Quarry LP grew its position in FTI Consulting by 115.4% during the fourth quarter. Quarry LP now owns 349 shares of the business services provider’s stock valued at $67,000 after buying an additional 187 shares during the period. Finally, Covestor Ltd grew its position in FTI Consulting by 23.1% during the fourth quarter. Covestor Ltd now owns 708 shares of the business services provider’s stock valued at $135,000 after buying an additional 133 shares during the period. Institutional investors and hedge funds own 99.36% of the company’s stock.

Analyst Upgrades and Downgrades

FCN has been the topic of several analyst reports. William Blair restated an “outperform” rating on shares of FTI Consulting in a research report on Friday, April 25th. StockNews.com lowered shares of FTI Consulting from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd. The Goldman Sachs Group dropped their target price on shares of FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. Finally, Truist Financial lowered shares of FTI Consulting from a “buy” rating to a “hold” rating and dropped their target price for the company from $225.00 to $178.00 in a research report on Wednesday, April 2nd.

Insider Buying and Selling at FTI Consulting

In other news, CFO Ajay Sabherwal sold 5,236 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $164.60, for a total value of $861,845.60. Following the transaction, the chief financial officer now directly owns 24,777 shares in the company, valued at approximately $4,078,294.20. This represents a 17.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.51% of the stock is currently owned by company insiders.

FTI Consulting Trading Up 0.5%

FCN opened at $167.62 on Tuesday. The firm has a market capitalization of $5.75 billion, a PE ratio of 21.49 and a beta of 0.18. FTI Consulting, Inc. has a twelve month low of $151.75 and a twelve month high of $243.60. The firm’s 50-day moving average price is $163.31 and its 200 day moving average price is $181.44.

FTI Consulting (NYSE:FCN) last posted its earnings results on Thursday, April 24th. The business services provider reported $2.29 earnings per share 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 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 revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.23 EPS. As a group, analysts predict that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

FTI Consulting announced that its board has initiated a share buyback program 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 purchase up to 6.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

FTI Consulting Company 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.