7,193 Shares in FTI Consulting, Inc. $FCN Acquired by Exencial Wealth Advisors LLC

Key Points

• Exencial Wealth Advisors LLC has acquired 7,193 shares of FTI Consulting, Inc. valued at approximately $1,162,000 as part of their new position in the company.
• FTI Consulting reported earnings of $2.60 per share for the quarter, exceeding analyst estimates of $1.93 and achieving a revenue of $956.17 million, a 3.3% increase from the previous year.
• The company has initiated a stock buyback program authorizing $500 million to repurchase up to 9.9% of its shares, indicating management's belief that the shares are undervalued.

Exencial Wealth Advisors LLC bought a new position in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,193 shares of the business services provider's stock, valued at approximately $1,162,000.

Several other hedge funds have also recently added to or reduced their stakes in FCN. Jacobs Levy Equity Management Inc. lifted its position in shares of FTI Consulting by 1,668.1% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 310,157 shares of the business services provider's stock valued at $50,891,000 after acquiring an additional 292,615 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of FTI Consulting by 11.0% in the 1st quarter. Victory Capital Management Inc. now owns 1,549,781 shares of the business services provider's stock worth $254,288,000 after acquiring an additional 153,523 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of FTI Consulting during the first quarter worth $15,802,000. Boston Partners lifted its holdings in shares of FTI Consulting by 67.3% during the first quarter. Boston Partners now owns 226,574 shares of the business services provider's stock valued at $37,286,000 after purchasing an additional 91,182 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of FTI Consulting during the first quarter valued at $8,422,000. Institutional investors and hedge funds own 99.36% of the company's stock.

FTI Consulting Trading Down 1.2%

NYSE:FCN opened at $153.93 on Friday. The company has a market capitalization of $4.98 billion, a P/E ratio of 21.68 and a beta of 0.16. The stock's 50 day moving average price is $162.62 and its 200 day moving average price is $163.93. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.11 and a current ratio of 2.11. FTI Consulting, Inc. has a 52 week low of $149.31 and a 52 week high of $213.07.

FTI Consulting (NYSE:FCN - Get Free Report) last posted its earnings results on Thursday, October 23rd. The business services provider reported $2.60 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.67. FTI Consulting had a return on equity of 12.88% and a net margin of 6.82%.The company had revenue of $956.17 million for the quarter, compared to analyst estimates of $941.19 million. During the same period last year, the company earned $1.85 earnings per share. The business's revenue was up 3.3% compared to the same quarter last year. FTI Consulting has set its FY 2025 guidance at 8.200-8.70 EPS. On average, research analysts forecast that FTI Consulting, Inc. will post 8.55 EPS for the current fiscal year.

FTI Consulting announced that its board has initiated a stock buyback program on Tuesday, October 21st that permits the company to buyback $500.00 million in shares. This buyback authorization permits the business services provider to repurchase up to 9.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FCN. Truist Financial set a $165.00 price target on FTI Consulting in a research note on Thursday. Weiss Ratings reissued a "hold (c-)" rating on shares of FTI Consulting in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, FTI Consulting currently has a consensus rating of "Hold" and an average price target of $169.00.

About FTI Consulting

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.

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