Canada Pension Plan Investment Board Sells 15,100 Shares of FTI Consulting, Inc. (NYSE:FCN)

Canada Pension Plan Investment Board cut its stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 69.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,500 shares of the business services provider's stock after selling 15,100 shares during the period. Canada Pension Plan Investment Board's holdings in FTI Consulting were worth $1,242,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in shares of FTI Consulting by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 438,808 shares of the business services provider's stock valued at $83,869,000 after buying an additional 8,032 shares during the period. Isthmus Partners LLC bought a new stake in shares of FTI Consulting in the 4th quarter worth approximately $447,000. Ieq Capital LLC grew its holdings in shares of FTI Consulting by 214.4% during the 4th quarter. Ieq Capital LLC now owns 6,074 shares of the business services provider's stock worth $1,161,000 after purchasing an additional 4,142 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of FTI Consulting by 3.4% in the fourth quarter. California Public Employees Retirement System now owns 146,858 shares of the business services provider's stock valued at $28,069,000 after purchasing an additional 4,853 shares in the last quarter. Finally, Dakota Wealth Management raised its stake in shares of FTI Consulting by 570.2% in the fourth quarter. Dakota Wealth Management now owns 6,521 shares of the business services provider's stock valued at $1,246,000 after purchasing an additional 5,548 shares in the last quarter. 99.36% of the stock is currently owned by institutional investors and hedge funds.

FTI Consulting Trading Down 0.1 %

NYSE FCN traded down $0.23 during trading hours on Monday, reaching $162.45. 570,595 shares of the company's stock were exchanged, compared to its average volume of 234,779. The firm has a fifty day moving average of $163.96 and a 200-day moving average of $187.04. FTI Consulting, Inc. has a one year low of $151.75 and a one year high of $243.60. The stock has a market cap of $5.75 billion, a PE ratio of 20.83 and a beta of 0.21.

FTI Consulting (NYSE:FCN - Get Free Report) last announced its earnings results on Thursday, April 24th. The business services provider reported $2.29 earnings per share for the quarter, beating 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 period last year, the company posted $2.23 earnings per share. The firm's quarterly revenue was down 3.3% compared to the same quarter last year. As a group, research analysts forecast that FTI Consulting, Inc. will post 8.55 EPS for the current year.

FTI Consulting announced that its board has approved a stock buyback plan on Thursday, April 24th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the business services provider to repurchase up to 6.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Truist Financial downgraded shares of FTI Consulting from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $225.00 to $178.00 in a report on Wednesday, April 2nd. The Goldman Sachs Group decreased their price target on FTI Consulting from $194.00 to $173.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. William Blair restated an "outperform" rating on shares of FTI Consulting in a research note on Friday. Finally, StockNews.com cut shares of FTI Consulting from a "buy" rating to a "hold" rating in a research report 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.