Algert Global LLC Has $3.26 Million Holdings in FTI Consulting, Inc. $FCN

Key Points

• Algert Global LLC has sold 15,630 shares of FTI Consulting, Inc., reducing its stake by 44% to own approximately 0.06% of the company, worth about $3.26 million.
• FTI Consulting reported a Q2 EPS of $2.13, exceeding expectations, and had revenue of $943.66 million, which is slightly down from the previous year.
• The company's Board of Directors has approved a $400 million stock buyback plan, indicating management believes the shares are undervalued.

Algert Global LLC trimmed its holdings in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 44.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 19,888 shares of the business services provider's stock after selling 15,630 shares during the period. Algert Global LLC owned approximately 0.06% of FTI Consulting worth $3,263,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Victory Capital Management Inc. lifted its holdings in shares of FTI Consulting by 11.0% during 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 period. T. Rowe Price Investment Management Inc. lifted its holdings in shares of FTI Consulting by 86.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,018,868 shares of the business services provider's stock worth $194,737,000 after acquiring an additional 472,245 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of FTI Consulting by 6.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 749,244 shares of the business services provider's stock worth $122,929,000 after acquiring an additional 48,211 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of FTI Consulting by 0.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 441,760 shares of the business services provider's stock worth $72,484,000 after acquiring an additional 2,952 shares during the period. Finally, Van Berkom & Associates Inc. lifted its holdings in shares of FTI Consulting by 10.4% during the 1st quarter. Van Berkom & Associates Inc. now owns 430,873 shares of the business services provider's stock worth $70,698,000 after acquiring an additional 40,546 shares during the period. 99.36% of the stock is owned by institutional investors.

FTI Consulting Price Performance

Shares of FTI Consulting stock traded down $1.0870 during mid-day trading on Friday, reaching $168.0430. 371,201 shares of the stock were exchanged, compared to its average volume of 336,711. The company has a market cap of $5.44 billion, a price-to-earnings ratio of 23.67 and a beta of 0.18. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.25. The firm has a 50-day simple moving average of $165.75 and a 200 day simple moving average of $166.59. FTI Consulting, Inc. has a fifty-two week low of $151.75 and a fifty-two week high of $231.65.

FTI Consulting (NYSE:FCN - Get Free Report) last announced its earnings results on Thursday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.87 by $0.26. The business had revenue of $943.66 million during the quarter, compared to analysts' expectations of $928.38 million. FTI Consulting had a net margin of 6.82% and a return on equity of 12.88%. The firm's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the company posted $2.34 EPS. FTI Consulting has set its FY 2025 guidance at 7.800-8.400 EPS. On average, sell-side analysts predict that FTI Consulting, Inc. will post 8.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, William Blair reaffirmed an "outperform" rating on shares of FTI Consulting in a report on Friday, April 25th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, FTI Consulting currently has a consensus rating of "Hold" and an average price target of $175.50.

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.