Running Oak Capital LLC Buys 28,230 Shares of FTI Consulting, Inc. (NYSE:FCN)

Running Oak Capital LLC lifted its stake in shares of FTI Consulting, Inc. (NYSE:FCN) by 46.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 89,444 shares of the business services provider’s stock after acquiring an additional 28,230 shares during the quarter. Running Oak Capital LLC owned about 0.25% of FTI Consulting worth $14,676,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. CIBC Asset Management Inc boosted its stake in shares of FTI Consulting by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 1,083 shares of the business services provider’s stock worth $207,000 after acquiring an additional 55 shares in the last quarter. GeoWealth Management LLC boosted its stake in shares of FTI Consulting by 46.0% during the 4th quarter. GeoWealth Management LLC now owns 181 shares of the business services provider’s stock worth $35,000 after acquiring an additional 57 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of 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 worth $457,000 after acquiring an additional 89 shares in the last quarter. Mayfair Advisory Group LLC boosted its stake in shares of 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 worth $215,000 after acquiring an additional 89 shares in the last quarter. Finally, Axxcess Wealth Management LLC lifted its position in shares of 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 worth $348,000 after purchasing an additional 103 shares during the last quarter. Institutional investors own 99.36% of the company’s stock.

Analyst Ratings Changes

FCN has been the subject of several research analyst reports. Truist Financial cut FTI Consulting from a “buy” rating to a “hold” rating and cut their price objective for the stock from $225.00 to $178.00 in a research report on Wednesday, April 2nd. William Blair reissued an “outperform” rating on shares of FTI Consulting in a research report on Friday, April 25th. Finally, Wall Street Zen cut FTI Consulting from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd.

Insider Transactions at FTI Consulting

In other FTI Consulting news, CFO Ajay Sabherwal sold 5,236 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $164.60, for a total value of $861,845.60. Following the transaction, the chief financial officer now directly owns 24,777 shares in the company, valued at approximately $4,078,294.20. This trade represents a 17.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.79% of the stock is currently owned by insiders.

FTI Consulting Trading Down 1.6%

FTI Consulting stock opened at $158.80 on Friday. The business has a 50 day moving average price of $164.23 and a two-hundred day moving average price of $175.24. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.07. The stock has a market cap of $5.45 billion, a price-to-earnings ratio of 21.72 and a beta of 0.19. FTI Consulting, Inc. has a 12 month low of $151.75 and a 12 month high of $243.60.

FTI Consulting (NYSE:FCN) last issued its earnings results on Thursday, April 24th. The business services provider reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.50. FTI Consulting had a return on equity of 13.07% and a net margin of 7.14%. The business had revenue of $898.28 million during the quarter, compared to analysts’ expectations of $906.93 million. During the same period in the prior year, the firm posted $2.23 EPS. FTI Consulting’s quarterly revenue was down 3.3% compared to the same quarter last year. As a group, equities analysts forecast that FTI Consulting, Inc. will post 8.55 EPS for the current year.

FTI Consulting announced that its Board of Directors has approved a stock buyback program on Thursday, April 24th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the business services provider to buy up to 6.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

FTI Consulting 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.