Fuller & Thaler Asset Management Inc. Decreases Position in FTI Consulting, Inc. (NYSE:FCN)

Fuller & Thaler Asset Management Inc. decreased its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 4.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,143 shares of the business services provider's stock after selling 10,575 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 0.58% of FTI Consulting worth $39,782,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in FCN. CIBC Asset Management Inc raised its holdings in shares of FTI Consulting by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 1,083 shares of the business services provider's stock valued at $207,000 after purchasing an additional 55 shares in the last quarter. GeoWealth Management LLC grew its stake in FTI Consulting by 46.0% in the fourth quarter. GeoWealth Management LLC now owns 181 shares of the business services provider's stock valued at $35,000 after purchasing an additional 57 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of FTI Consulting by 2.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 3,435 shares of the business services provider's stock valued at $657,000 after buying an additional 85 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in FTI Consulting by 3.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 2,389 shares of the business services provider's stock worth $457,000 after purchasing an additional 89 shares during the last quarter. Finally, UMB Bank n.a. increased its position in shares of FTI Consulting by 59.6% during the fourth quarter. UMB Bank n.a. now owns 265 shares of the business services provider's stock worth $51,000 after purchasing an additional 99 shares in the last quarter. 99.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

FTI Consulting Price Performance

FTI Consulting stock traded down $0.23 during trading on Monday, reaching $162.45. 570,595 shares of the company were exchanged, compared to its average volume of 234,779. The stock's 50 day simple moving average is $163.40 and its two-hundred day simple moving average is $186.62. The company has a market capitalization of $5.75 billion, a P/E 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.

FTI Consulting (NYSE:FCN - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.29 EPS 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 firm had revenue of $898.28 million for the quarter, compared to analysts' expectations of $906.93 million. During the same period in the prior year, the firm posted $2.23 earnings per share. The firm's quarterly revenue was down 3.3% on a year-over-year basis. As a group, equities analysts forecast that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

FTI Consulting declared that its Board of Directors has approved a share buyback program on Thursday, April 24th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the business services provider to purchase up to 6.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is 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.