Allianz Asset Management GmbH increased its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 109.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 176,680 shares of the business services provider’s stock after purchasing an additional 92,151 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.47% of FTI Consulting worth $7,591,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the stock. Great West Life Assurance Co. Can increased its holdings 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 last quarter. Acadian Asset Management LLC acquired a new stake in shares of FTI Consulting during the 4th quarter worth $7,022,000. Brandes Investment Partners LP increased its holdings in shares of 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 worth $15,514,000 after buying an additional 131,685 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of 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 worth $10,580,000 after buying an additional 121,826 shares during the last quarter. Finally, Boston Partners increased its holdings in shares of FTI Consulting by 21.3% during the 4th quarter. Boston Partners now owns 675,935 shares of the business services provider’s stock worth $29,038,000 after buying an additional 118,774 shares during the last quarter. 98.71% of the stock is currently owned by institutional investors.
In other FTI Consulting news, CAO Catherine M. Freeman sold 6,088 shares of the company’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 value of $294,902.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.33% of the company’s stock.
FTI Consulting stock traded up $0.26 during trading on Thursday, reaching $48.52. 20,435 shares of the company’s stock traded hands, compared to its average volume of 269,856. The firm has a market capitalization of $1,807.48, a price-to-earnings ratio of 20.55 and a beta of 0.25. FTI Consulting, Inc. has a 12-month low of $31.65 and a 12-month high of $50.81. 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 (NYSE:FCN) last issued its earnings results on Thursday, February 22nd. The business services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.28. FTI Consulting had a net margin of 5.97% and a return on equity of 7.80%. The company had revenue of $467.71 million during the quarter, compared to analyst estimates of $450.52 million. During the same quarter last year, the business posted $0.24 EPS. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. analysts predict that FTI Consulting, Inc. will post 2.53 EPS for the current fiscal year.
FTI Consulting declared that its Board of Directors has authorized a stock buyback plan on Monday, December 4th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.
About FTI Consulting
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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