FTI Consulting, Inc. (NYSE:FCN) Shares Purchased by Millington Financial Advisors LLC

Millington Financial Advisors LLC raised its position in FTI Consulting, Inc. (NYSE:FCN) by 9.4% during the 1st quarter, Holdings Channel reports. The firm owned 9,209 shares of the business services provider’s stock after acquiring an additional 793 shares during the quarter. Millington Financial Advisors LLC’s holdings in FTI Consulting were worth $1,516,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Tilia Fiduciary Partners Inc. lifted its holdings in shares of FTI Consulting by 6.8% in the first quarter. Tilia Fiduciary Partners Inc. now owns 11,801 shares of the business services provider’s stock valued at $1,936,000 after purchasing an additional 748 shares in the last quarter. Impact Capital Partners LLC lifted its stake in FTI Consulting by 12.0% in the 1st quarter. Impact Capital Partners LLC now owns 5,685 shares of the business services provider’s stock valued at $933,000 after buying an additional 608 shares in the last quarter. Curat Global LLC acquired a new stake in FTI Consulting during the 1st quarter valued at $89,000. Portside Wealth Group LLC grew its holdings in FTI Consulting by 10.3% during the 1st quarter. Portside Wealth Group LLC now owns 1,719 shares of the business services provider’s stock valued at $282,000 after buying an additional 161 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in FTI Consulting by 7,936.5% during the first quarter. GAMMA Investing LLC now owns 39,379 shares of the business services provider’s stock worth $6,461,000 after buying an additional 38,889 shares in the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

FTI Consulting Trading Up 1.2%

Shares of NYSE FCN opened at $163.98 on Monday. FTI Consulting, Inc. has a 12-month low of $151.75 and a 12-month high of $243.60. The stock has a fifty day moving average price of $163.86 and a 200 day moving average price of $178.03. The company has a market cap of $5.62 billion, a P/E ratio of 21.02 and a beta of 0.19.

FTI Consulting (NYSE:FCN) last released its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.50. The business had revenue of $898.28 million during the quarter, compared to analyst estimates of $906.93 million. FTI Consulting had a net margin of 7.57% and a return on equity of 13.15%. The business’s revenue was down 3.3% on a year-over-year basis. During the same period last year, the business earned $2.23 EPS. On average, sell-side 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 approved a stock repurchase program on Thursday, April 24th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the business services provider to reacquire up to 6.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Activity

In other FTI Consulting news, CFO Ajay Sabherwal sold 5,236 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $164.60, for a total transaction of $861,845.60. Following the transaction, the chief financial officer now directly owns 24,777 shares in the company, valued at $4,078,294.20. This represents a 17.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.51% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on FCN shares. Wall Street Zen lowered FTI Consulting from a “buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Truist Financial downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating and reduced their price objective for the company from $225.00 to $178.00 in a research note on Wednesday, April 2nd. The Goldman Sachs Group decreased their price target on FTI Consulting from $194.00 to $173.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. Finally, William Blair reissued 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.