Axa increased its position in FTI Consulting, Inc. (NYSE:FCN) by 35.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 199,300 shares of the business services provider’s stock after purchasing an additional 52,200 shares during the quarter. Axa owned 0.53% of FTI Consulting worth $8,562,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in FCN. Great West Life Assurance Co. Can boosted its stake in shares of FTI Consulting by 896.7% in the third quarter. Great West Life Assurance Co. Can now owns 246,405 shares of the business services provider’s stock valued at $8,747,000 after purchasing an additional 221,682 shares during the period. Acadian Asset Management LLC bought a new position in FTI Consulting during the 4th quarter valued at $7,022,000. Brandes Investment Partners LP boosted its stake in FTI Consulting by 47.9% during the 3rd quarter. Brandes Investment Partners LP now owns 406,475 shares of the business services provider’s stock valued at $15,514,000 after acquiring an additional 131,685 shares during the last quarter. Principal Financial Group Inc. boosted its stake in FTI Consulting by 69.1% during the 3rd quarter. Principal Financial Group Inc. now owns 298,208 shares of the business services provider’s stock valued at $10,580,000 after acquiring an additional 121,826 shares during the last quarter. Finally, Boston Partners boosted its stake in FTI Consulting by 21.3% during the 4th quarter. Boston Partners now owns 675,935 shares of the business services provider’s stock valued at $29,038,000 after acquiring an additional 118,774 shares during the last quarter. Institutional investors and hedge funds own 98.71% of the company’s stock.
A number of research firms have commented on FCN. Zacks Investment Research upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Friday, February 23rd. ValuEngine upgraded 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 given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $45.50.
FTI Consulting, Inc. (FCN) opened at $48.93 on Tuesday. FTI Consulting, Inc. has a 52 week low of $31.65 and a 52 week high of $50.81. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.33. The company has a market cap of $1,860.00, a price-to-earnings ratio of 29.65 and a beta of 0.25.
FTI Consulting (NYSE:FCN) last posted its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.78 EPS for the quarter, beating 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 firm had revenue of $467.71 million for the quarter, compared to the consensus estimate of $450.52 million. During the same period in the prior year, the firm posted $0.24 EPS. The firm’s revenue was up 5.8% compared to the same quarter last year. equities research analysts predict that FTI Consulting, Inc. will post 2.53 earnings per share for the current fiscal year.
FTI Consulting announced that its Board of Directors has authorized a share buyback program on Monday, December 4th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the business services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its shares are undervalued.
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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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