Ifrah Financial Services Inc. Reduces Position in FTI Consulting, Inc. (NYSE:FCN)

Ifrah Financial Services Inc. lessened its holdings in shares of FTI Consulting, Inc. (NYSE:FCN) by 5.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,029 shares of the business services provider’s stock after selling 181 shares during the period. Ifrah Financial Services Inc.’s holdings in FTI Consulting were worth $497,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. GeoWealth Management LLC grew its stake in FTI Consulting by 46.0% during the 4th quarter. GeoWealth Management LLC now owns 181 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 57 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in FTI Consulting by 3.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 2,389 shares of the business services provider’s stock valued at $457,000 after acquiring an additional 89 shares in the last quarter. Mayfair Advisory Group LLC grew its stake in FTI Consulting by 7.3% during the 1st quarter. Mayfair Advisory Group LLC now owns 1,309 shares of the business services provider’s stock valued at $215,000 after acquiring an additional 89 shares in the last quarter. Axxcess Wealth Management LLC grew its stake in FTI Consulting by 6.0% during the 4th quarter. Axxcess Wealth Management LLC now owns 1,820 shares of the business services provider’s stock valued at $348,000 after acquiring an additional 103 shares in the last quarter. Finally, Argent Trust Co grew its stake in FTI Consulting by 8.9% during the 4th quarter. Argent Trust Co now owns 1,254 shares of the business services provider’s stock valued at $240,000 after acquiring an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 99.36% of the company’s stock.

FTI Consulting Stock Performance

NYSE:FCN opened at $164.89 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.24 and a quick ratio of 2.24. The firm has a market capitalization of $5.65 billion, a price-to-earnings ratio of 22.56 and a beta of 0.19. The company’s 50-day moving average is $163.70 and its two-hundred day moving average is $172.75. FTI Consulting, Inc. has a 1-year low of $151.75 and a 1-year high of $243.60.

FTI Consulting (NYSE:FCN) last posted its earnings results 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 company had revenue of $898.28 million for the quarter, compared to analyst estimates of $906.93 million. FTI Consulting had a net margin of 7.14% and a return on equity of 13.07%. FTI Consulting’s revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.23 EPS. Analysts forecast that FTI Consulting, Inc. will post 8.55 EPS for the current year.

FTI Consulting declared that its Board of Directors has approved a stock repurchase 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 stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Insider Activity at FTI Consulting

In other news, CFO Ajay Sabherwal sold 5,236 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $164.60, for a total value of $861,845.60. Following the transaction, the chief financial officer directly owned 24,777 shares in the company, valued at approximately $4,078,294.20. This represents a 17.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.79% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. William Blair reaffirmed an “outperform” rating on shares of FTI Consulting in a research note on Friday, April 25th. Wall Street Zen lowered shares of FTI Consulting from a “buy” rating to a “hold” rating in a report on Thursday, April 3rd. Finally, Truist Financial lowered shares of FTI Consulting from a “buy” rating to a “hold” rating and decreased their target price for the company from $225.00 to $178.00 in a report on Wednesday, April 2nd.

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.