Dimensional Fund Advisors LP Purchases 23,784 Shares of FTI Consulting, Inc. (NYSE:FCN)

Dimensional Fund Advisors LP boosted its stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 3.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 701,033 shares of the business services provider's stock after buying an additional 23,784 shares during the period. Dimensional Fund Advisors LP owned 1.95% of FTI Consulting worth $133,987,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FCN. Pacer Advisors Inc. lifted its holdings in FTI Consulting by 9,995.1% in the 4th quarter. Pacer Advisors Inc. now owns 518,687 shares of the business services provider's stock valued at $99,137,000 after acquiring an additional 513,549 shares during the last quarter. Black Creek Investment Management Inc. lifted its holdings in FTI Consulting by 166.1% in the 4th quarter. Black Creek Investment Management Inc. now owns 652,980 shares of the business services provider's stock valued at $124,804,000 after acquiring an additional 407,631 shares during the last quarter. Mawer Investment Management Ltd. lifted its holdings in FTI Consulting by 3.8% in the 4th quarter. Mawer Investment Management Ltd. now owns 4,065,609 shares of the business services provider's stock valued at $777,060,000 after acquiring an additional 149,276 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in FTI Consulting in the 4th quarter valued at about $27,726,000. Finally, Norges Bank acquired a new stake in FTI Consulting in the 4th quarter valued at about $15,260,000. Institutional investors own 99.36% of the company's stock.

FTI Consulting Stock 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 fifty day simple moving average of $163.40 and a 200 day simple moving average of $186.62. The firm has a market cap of $5.75 billion, a P/E ratio of 20.83 and a beta of 0.21. FTI Consulting, Inc. has a 1-year low of $151.75 and a 1-year high of $243.60.

FTI Consulting (NYSE:FCN - Get Free Report) last issued its earnings results on Thursday, April 24th. The business services provider reported $2.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.79 by $0.50. The company had revenue of $898.28 million during the quarter, compared to analyst estimates of $906.93 million. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. The company's revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the business posted $2.23 EPS. As a group, research analysts anticipate that FTI Consulting, Inc. will post 8.55 EPS for the current year.

FTI Consulting announced that its board has initiated a stock repurchase 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 reacquire up to 6.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

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

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.