Snyder Capital Management L P Increases Stake in FTI Consulting, Inc. (NYSE:FCN)

Snyder Capital Management L P grew its stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 26.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,439 shares of the business services provider's stock after purchasing an additional 35,902 shares during the quarter. Snyder Capital Management L P owned approximately 0.47% of FTI Consulting worth $32,576,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FCN. Nebula Research & Development LLC increased its position in FTI Consulting by 586.5% in the fourth quarter. Nebula Research & Development LLC now owns 6,124 shares of the business services provider's stock worth $1,170,000 after buying an additional 5,232 shares during the last quarter. Voya Investment Management LLC raised its stake in FTI Consulting by 93.4% in the fourth quarter. Voya Investment Management LLC now owns 9,670 shares of the business services provider's stock valued at $1,848,000 after purchasing an additional 4,671 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in FTI Consulting by 86.4% in 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 purchasing an additional 472,245 shares in the last quarter. Pinebridge Investments L.P. raised its stake in shares of FTI Consulting by 42.7% during the fourth quarter. Pinebridge Investments L.P. now owns 11,952 shares of the business services provider's stock worth $2,284,000 after acquiring an additional 3,577 shares in the last quarter. Finally, Dark Forest Capital Management LP purchased a new position in shares of FTI Consulting during the fourth quarter worth approximately $924,000. Institutional investors own 99.36% of the company's stock.

Analyst Upgrades and Downgrades

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

FTI Consulting Stock Performance

Shares of NYSE:FCN traded down $0.23 on Monday, reaching $162.45. The company's stock had a trading volume of 570,595 shares, compared to its average volume of 234,779. FTI Consulting, Inc. has a 52-week low of $151.75 and a 52-week high of $243.60. The company has a market cap of $5.75 billion, a P/E ratio of 20.83 and a beta of 0.21. The company has a 50-day simple moving average of $163.40 and a 200 day simple moving average of $186.62.

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

FTI Consulting declared that its Board of Directors has initiated a share buyback program on Thursday, April 24th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the business services provider to reacquire up to 6.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors 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.