FTI Consulting, Inc. (NYSE:FCN) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC trimmed its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 1.5% during the 4th quarter, Holdings Channel reports. The fund owned 28,139 shares of the business services provider’s stock after selling 415 shares during the quarter. Janus Henderson Group PLC’s holdings in FTI Consulting were worth $5,377,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Mawer Investment Management Ltd. grew its stake in shares of FTI Consulting by 3.8% during the 4th quarter. Mawer Investment Management Ltd. now owns 4,065,609 shares of the business services provider’s stock worth $777,060,000 after purchasing an additional 149,276 shares during the period. Vanguard Group Inc. boosted its holdings in FTI Consulting by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 3,564,322 shares of the business services provider’s stock worth $681,249,000 after buying an additional 23,419 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position 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 valued at $194,737,000 after buying an additional 472,245 shares during the period. Alliancebernstein L.P. grew its position in FTI Consulting by 9.3% during the fourth quarter. Alliancebernstein L.P. now owns 740,858 shares of the business services provider’s stock valued at $141,600,000 after buying an additional 63,163 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in FTI Consulting by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 701,033 shares of the business services provider’s stock valued at $133,987,000 after buying an additional 23,784 shares in the last quarter. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

FTI Consulting Stock Up 1.0%

FCN stock opened at $166.94 on Monday. FTI Consulting, Inc. has a 52 week low of $151.75 and a 52 week high of $243.60. The firm has a 50-day simple moving average of $163.17 and a 200-day simple moving average of $181.66. The stock has a market capitalization of $5.72 billion, a P/E ratio of 21.40 and a beta of 0.18.

FTI Consulting (NYSE:FCN) last posted its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.29 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 company had revenue of $898.28 million during the quarter, compared to analyst estimates of $906.93 million. During the same period in the previous year, the business earned $2.23 EPS. FTI Consulting’s quarterly revenue was down 3.3% on a year-over-year basis. On average, analysts expect that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on FCN shares. StockNews.com lowered shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Thursday, April 3rd. 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. William Blair restated an “outperform” rating on shares of FTI Consulting in a research report on Friday, April 25th. Finally, The Goldman Sachs Group decreased their target price on FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st.

Insider Buying and Selling

In other FTI Consulting news, CFO Ajay Sabherwal sold 5,236 shares of the firm’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $164.60, for a total value of $861,845.60. Following the transaction, the chief financial officer now owns 24,777 shares in the company, valued at approximately $4,078,294.20. This trade represents a 17.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.51% of the stock is owned by company insiders.

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.