Barclays PLC Buys 5,818 Shares of FTI Consulting, Inc. (NYSE:FCN)

Barclays PLC raised its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 22.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 31,747 shares of the business services provider's stock after purchasing an additional 5,818 shares during the period. Barclays PLC owned approximately 0.09% of FTI Consulting worth $6,068,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in FCN. SkyView Investment Advisors LLC boosted its stake in shares of FTI Consulting by 2.7% in the 3rd quarter. SkyView Investment Advisors LLC now owns 8,407 shares of the business services provider's stock worth $1,913,000 after buying an additional 223 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of FTI Consulting in the 3rd quarter worth approximately $35,000. Synovus Financial Corp boosted its stake in shares of FTI Consulting by 5.5% in the 3rd quarter. Synovus Financial Corp now owns 4,710 shares of the business services provider's stock worth $1,072,000 after buying an additional 246 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in FTI Consulting by 3.8% in the third quarter. JPMorgan Chase & Co. now owns 79,120 shares of the business services provider's stock valued at $18,005,000 after purchasing an additional 2,860 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in FTI Consulting by 51.4% in the fourth quarter. Versant Capital Management Inc now owns 471 shares of the business services provider's stock worth $90,000 after buying an additional 160 shares during the last quarter. Institutional investors and hedge funds own 99.36% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on FCN shares. The Goldman Sachs Group cut their price target on FTI Consulting from $194.00 to $173.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. William Blair reiterated an "outperform" rating on shares of FTI Consulting in a research note on Friday. Truist Financial downgraded FTI Consulting from a "buy" rating to a "hold" rating and cut their price target for the stock from $225.00 to $178.00 in a research note on Wednesday, April 2nd. Finally, StockNews.com downgraded FTI Consulting from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd.

FTI Consulting Trading Down 0.1 %

Shares of NYSE:FCN traded down $0.23 during trading on Monday, reaching $162.45. 570,595 shares of the company traded hands, compared to its average volume of 234,779. The firm has a market capitalization of $5.75 billion, a price-to-earnings ratio of 20.83 and a beta of 0.21. FTI Consulting, Inc. has a 52-week low of $151.75 and a 52-week high of $243.60. The business's fifty day moving average is $163.40 and its 200-day moving average is $186.62.

FTI Consulting (NYSE:FCN - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.29 EPS for the quarter, topping analysts' consensus estimates 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 quarter last year, the firm posted $2.23 earnings per share. The firm's revenue was down 3.3% on a year-over-year basis. On average, sell-side analysts predict that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

FTI Consulting declared that its Board of Directors has initiated a stock buyback program 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 programs are often an indication that the company's board of directors believes its shares are undervalued.

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.