Cetera Investment Advisers Boosts Holdings in FTI Consulting, Inc. $FCN

Cetera Investment Advisers boosted its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 5.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,896 shares of the business services provider’s stock after acquiring an additional 142 shares during the period. Cetera Investment Advisers’ holdings in FTI Consulting were worth $475,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FCN. T. Rowe Price Investment Management Inc. raised its position in FTI Consulting by 86.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,018,868 shares of the business services provider’s stock worth $194,737,000 after acquiring an additional 472,245 shares during the last quarter. Victory Capital Management Inc. raised its position in FTI Consulting by 11.0% during the first quarter. Victory Capital Management Inc. now owns 1,549,781 shares of the business services provider’s stock worth $254,288,000 after acquiring an additional 153,523 shares during the last quarter. Capital World Investors raised its position in FTI Consulting by 1,191.6% during the fourth quarter. Capital World Investors now owns 71,246 shares of the business services provider’s stock worth $13,617,000 after acquiring an additional 65,730 shares during the last quarter. Ameriprise Financial Inc. raised its position in FTI Consulting by 30.4% during the fourth quarter. Ameriprise Financial Inc. now owns 276,702 shares of the business services provider’s stock worth $52,886,000 after acquiring an additional 64,431 shares during the last quarter. Finally, Northern Trust Corp raised its position in FTI Consulting by 20.7% during the fourth quarter. Northern Trust Corp now owns 357,614 shares of the business services provider’s stock worth $68,351,000 after acquiring an additional 61,278 shares during the last quarter. Institutional investors and hedge funds own 99.36% of the company’s stock.

FTI Consulting Stock Performance

Shares of NYSE FCN opened at $165.80 on Monday. The company has a market cap of $5.37 billion, a PE ratio of 23.35 and a beta of 0.18. FTI Consulting, Inc. has a 12 month low of $151.75 and a 12 month high of $231.65. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.11 and a quick ratio of 2.11. The company has a 50-day simple moving average of $164.95 and a 200-day simple moving average of $167.10.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings results on Thursday, July 24th. The business services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.26. The business had revenue of $943.66 million during the quarter, compared to the consensus estimate of $928.38 million. FTI Consulting had a net margin of 6.82% and a return on equity of 12.88%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.34 earnings per share. On average, equities analysts anticipate that FTI Consulting, Inc. will post 8.55 earnings per share for the current year.

FTI Consulting announced that its board has initiated a stock buyback program on Thursday, April 24th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to repurchase up to 6.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

Separately, William Blair reaffirmed an “outperform” rating on shares of FTI Consulting in a research note on Friday, April 25th.

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.