FTI Consulting, Inc. (NYSE:FCN) Shares Bought by Deutsche Bank AG

Deutsche Bank AG boosted its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 16.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,069 shares of the business services provider’s stock after acquiring an additional 698 shares during the quarter. Deutsche Bank AG’s holdings in FTI Consulting were worth $969,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in FCN. Charles Schwab Investment Management Inc. lifted its holdings in shares of FTI Consulting by 1.9% in the 4th 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 acquired a new stake in shares of FTI Consulting in the 4th quarter valued at approximately $447,000. Ieq Capital LLC lifted its holdings in shares of FTI Consulting by 214.4% in the 4th quarter. Ieq Capital LLC now owns 6,074 shares of the business services provider’s stock valued at $1,161,000 after buying an additional 4,142 shares during the period. California Public Employees Retirement System lifted its holdings in shares of FTI Consulting by 3.4% in the 4th quarter. California Public Employees Retirement System now owns 146,858 shares of the business services provider’s stock valued at $28,069,000 after buying an additional 4,853 shares during the period. Finally, Versor Investments LP acquired a new stake in shares of FTI Consulting in the 4th quarter valued at approximately $688,000. 99.36% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Ajay Sabherwal sold 5,236 shares of the business’s stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $164.60, for a total value of $861,845.60. Following the transaction, the chief financial officer now owns 24,777 shares in the company, valued at approximately $4,078,294.20. The trade was a 17.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.51% of the company’s stock.

Analysts Set New Price Targets

FCN has been the subject of several recent analyst reports. Truist Financial cut FTI Consulting from a “buy” rating to a “hold” rating and reduced their price target for the company from $225.00 to $178.00 in a report on Wednesday, April 2nd. The Goldman Sachs Group reduced their price target on 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 reissued an “outperform” rating on shares of FTI Consulting in a report on Friday, April 25th. Finally, Wall Street Zen cut FTI Consulting from a “buy” rating to a “hold” rating in a report on Thursday, April 3rd.

FTI Consulting Price Performance

NYSE FCN opened at $166.93 on Tuesday. FTI Consulting, Inc. has a 1-year low of $151.75 and a 1-year high of $243.60. The company has a market capitalization of $5.72 billion, a P/E ratio of 21.40 and a beta of 0.18. The business has a 50 day moving average price of $163.59 and a 200 day moving average price of $180.23.

FTI Consulting (NYSE:FCN) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.29 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.50. The firm had revenue of $898.28 million during 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%. FTI Consulting’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period last year, the business posted $2.23 EPS. On average, research analysts expect that FTI Consulting, Inc. will post 8.55 earnings per share for the current fiscal year.

FTI Consulting announced that its Board of Directors has initiated a stock buyback plan on Thursday, April 24th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the business services provider to buy up to 6.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

FTI Consulting Company 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.