Segall Bryant & Hamill LLC raised its stake in FTI Consulting, Inc. (NYSE:FCN) by 8.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 285,829 shares of the business services provider’s stock after buying an additional 21,245 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.75% of FTI Consulting worth $12,279,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Jane Street Group LLC purchased a new position in FTI Consulting in the fourth quarter valued at about $204,000. Verition Fund Management LLC purchased a new position in shares of FTI Consulting during the 4th quarter worth approximately $209,000. Pinebridge Investments L.P. purchased a new position in shares of FTI Consulting during the 3rd quarter worth approximately $174,000. CIBC Asset Management Inc purchased a new position in shares of FTI Consulting during the 4th quarter worth approximately $217,000. Finally, Uncommon Cents Investing LLC purchased a new position in shares of FTI Consulting during the 4th quarter worth approximately $232,000. 98.71% of the stock is owned by institutional investors.
In other news, CAO Catherine M. Freeman sold 6,088 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $48.44, for a total transaction of $294,902.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.33% of the company’s stock.
A number of research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of FTI Consulting from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Friday, February 23rd. ValuEngine raised shares of FTI Consulting from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $45.50.
FTI Consulting, Inc. (FCN) opened at $48.28 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.94 and a current ratio of 1.94. FTI Consulting, Inc. has a 12 month low of $31.65 and a 12 month high of $50.81. The firm has a market cap of $1,806.36, a P/E ratio of 17.00 and a beta of 0.25.
FTI Consulting (NYSE:FCN) last issued its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.28. FTI Consulting had a net margin of 5.97% and a return on equity of 7.80%. The business had revenue of $467.71 million during the quarter, compared to analysts’ expectations of $450.52 million. During the same period last year, the company posted $0.24 EPS. The company’s revenue was up 5.8% on a year-over-year basis. research analysts predict that FTI Consulting, Inc. will post 2.53 earnings per share for the current year.
FTI Consulting announced that its Board of Directors has initiated a share buyback program on Monday, December 4th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the business services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.
FTI Consulting Company Profile
FTI Consulting, Inc is a business advisory company. The Company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications. The Company provides advice and services, such as restructuring (including bankruptcy), capital formation and indebtedness, interim business management, performance improvements, forensic accounting and litigation matters, international arbitrations, mergers and acquisitions (M&A), antitrust and competition matters, securities litigation, electronic discovery (or e-discovery), management and retrieval of electronically stored information (ESI), reputation management and strategic communications.
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