Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 12,775 FTI Consulting, Inc. (NYSE:FCN)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of FTI Consulting, Inc. (NYSE:FCN) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,775 shares of the business services provider’s stock, valued at approximately $2,096,000.

Several other hedge funds and other institutional investors have also bought and sold shares of FCN. GeoWealth Management LLC increased its position in shares of FTI Consulting by 46.0% during the 4th quarter. GeoWealth Management LLC now owns 181 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 57 shares during the last quarter. Isthmus Partners LLC increased its position in shares of FTI Consulting by 2.7% during the 1st quarter. Isthmus Partners LLC now owns 2,402 shares of the business services provider’s stock valued at $394,000 after purchasing an additional 63 shares during the last quarter. Signaturefd LLC increased its holdings in FTI Consulting by 65.3% in the 1st quarter. Signaturefd LLC now owns 205 shares of the business services provider’s stock worth $34,000 after acquiring an additional 81 shares in the last quarter. Mayfair Advisory Group LLC increased its holdings in FTI Consulting by 7.3% in the 1st quarter. Mayfair Advisory Group LLC now owns 1,309 shares of the business services provider’s stock worth $215,000 after acquiring an additional 89 shares in the last quarter. Finally, State of Michigan Retirement System increased its holdings in FTI Consulting by 1.2% in the 1st quarter. State of Michigan Retirement System now owns 8,504 shares of the business services provider’s stock worth $1,395,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 99.36% of the company’s stock.

FTI Consulting Stock Performance

Shares of FTI Consulting stock opened at $170.97 on Thursday. The stock’s fifty day moving average price is $164.22 and its 200-day moving average price is $169.70. FTI Consulting, Inc. has a 12 month low of $151.75 and a 12 month high of $231.65. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.25. The firm has a market cap of $5.53 billion, a P/E ratio of 24.08 and a beta of 0.19.

FTI Consulting (NYSE:FCN) last posted its earnings results on Thursday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.26. FTI Consulting had a return on equity of 12.88% and a net margin of 6.82%. The company had revenue of $943.66 million for the quarter, compared to analyst estimates of $928.38 million. During the same quarter in the previous year, the firm earned $2.34 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. On average, equities research analysts expect that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

FTI Consulting declared that its board has initiated a stock repurchase plan on Thursday, April 24th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to buy up to 6.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts have weighed in on FCN shares. William Blair restated an “outperform” rating on shares of FTI Consulting in a research note on Friday, April 25th. Truist Financial downgraded FTI Consulting from a “buy” rating to a “hold” rating and lowered their price target for the stock from $225.00 to $178.00 in a research report on Wednesday, April 2nd. Finally, Wall Street Zen lowered FTI Consulting from a “buy” rating to a “hold” rating in a research note on Thursday, April 3rd.

FTI Consulting 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.