Nierenberg Investment Management Company LLC Invests $11.01 Million in FTI Consulting, Inc. $FCN

Nierenberg Investment Management Company LLC purchased a new position in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 73,887 shares of the business services provider's stock, valued at approximately $11,009,902. FTI Consulting makes up 0.0% of Nierenberg Investment Management Company LLC's holdings, making the stock its 8th largest holding. Nierenberg Investment Management Company LLC owned about 0.27% of FTI Consulting as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in shares of FTI Consulting by 7.4% during the first quarter. Royal Bank of Canada now owns 41,795 shares of the business services provider's stock valued at $6,860,000 after buying an additional 2,889 shares during the period. Integrated Wealth Concepts LLC grew its position in shares of FTI Consulting by 4.9% in the first quarter. Integrated Wealth Concepts LLC now owns 2,221 shares of the business services provider's stock valued at $364,000 after purchasing an additional 103 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of FTI Consulting in the first quarter valued at about $33,000. Millennium Management LLC acquired a new stake in shares of FTI Consulting during the 1st quarter worth approximately $15,802,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of FTI Consulting by 9.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 131,716 shares of the business services provider's stock worth $21,612,000 after purchasing an additional 10,980 shares during the period. 99.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on FCN. Wall Street Zen downgraded FTI Consulting from a "buy" rating to a "hold" rating in a report on Saturday, May 2nd. Weiss Ratings lowered FTI Consulting from a "hold (c)" rating to a "hold (c-)" rating in a research report on Wednesday, July 8th. Truist Financial raised their price objective on FTI Consulting from $165.00 to $180.00 and gave the company a "hold" rating in a research note on Monday, May 4th. Finally, The Goldman Sachs Group set a $169.00 target price on FTI Consulting in a research note on Tuesday, May 19th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, FTI Consulting has a consensus rating of "Hold" and a consensus target price of $174.50.

FTI Consulting Stock Up 1.1%

NYSE FCN traded up $1.61 on Friday, reaching $153.60. The company had a trading volume of 92,712 shares, compared to its average volume of 434,935. The company's fifty day moving average is $154.60 and its 200 day moving average is $161.88. The stock has a market capitalization of $4.24 billion, a P/E ratio of 18.57 and a beta of -0.05. FTI Consulting, Inc. has a 52-week low of $137.65 and a 52-week high of $189.30. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.76.

FTI Consulting (NYSE:FCN - Get Free Report) last issued its earnings results on Thursday, July 30th. The business services provider reported $2.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.01). The firm had revenue of $993.46 million during the quarter, compared to analysts' expectations of $992.75 million. FTI Consulting had a return on equity of 15.91% and a net margin of 6.44%.The firm's quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the firm posted $2.13 earnings per share. FTI Consulting has set its FY 2026 guidance at 8.700-9.300 EPS. Sell-side analysts anticipate that FTI Consulting, Inc. will post 9.25 earnings per share for the current fiscal year.

FTI Consulting declared that its board has approved a stock repurchase program on Friday, June 5th that permits the company to buyback $370.00 million in shares. This buyback authorization permits the business services provider to buy up to 7.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

FTI Consulting Company Profile

FTI Consulting, Inc is a global business advisory firm providing multidisciplinary solutions designed to address complex challenges and strategic opportunities. The company's primary service offerings encompass corporate finance & restructuring, economic consulting, forensic & litigation consulting, strategic communications, and technology. These capabilities enable clients to manage financial distress, navigate regulatory environments, resolve disputes, build trust with stakeholders, and leverage data-driven insights.

In its corporate finance & restructuring practice, FTI delivers restructuring, interim management, and transaction advisory services to companies facing operational or financial pressures.