FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 0.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,539,522 shares of the business services provider’s stock after selling 24,800 shares during the period. Vanguard Group Inc. owned about 0.10% of FTI Consulting worth $580,765,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. GeoWealth Management LLC lifted 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 in the last quarter. Isthmus Partners LLC lifted its position in FTI Consulting by 2.7% during the first quarter. Isthmus Partners LLC now owns 2,402 shares of the business services provider’s stock valued at $394,000 after buying an additional 63 shares in the last quarter. Signaturefd LLC lifted its position in FTI Consulting by 65.3% during the first quarter. Signaturefd LLC now owns 205 shares of the business services provider’s stock valued at $34,000 after buying an additional 81 shares in the last quarter. Mayfair Advisory Group LLC lifted its position in FTI Consulting by 7.3% during the first quarter. Mayfair Advisory Group LLC now owns 1,309 shares of the business services provider’s stock valued at $215,000 after buying an additional 89 shares in the last quarter. Finally, State of Michigan Retirement System lifted its position in FTI Consulting by 1.2% during the first quarter. State of Michigan Retirement System now owns 8,504 shares of the business services provider’s stock valued at $1,395,000 after buying an additional 100 shares in the last quarter. 99.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, William Blair reaffirmed an “outperform” rating on shares of FTI Consulting in a research report on Friday, April 25th.

FTI Consulting Trading Up 2.1%

FCN opened at $168.97 on Thursday. The firm has a market capitalization of $5.47 billion, a P/E ratio of 23.80 and a beta of 0.18. The firm’s 50 day moving average is $164.80 and its 200-day moving average is $167.93. FTI Consulting, Inc. has a 52-week low of $151.75 and a 52-week high of $231.65. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.25.

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

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