Ancora Advisors LLC acquired a new stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 22,745 shares of the business services provider's stock, valued at approximately $3,389,000. Ancora Advisors LLC owned about 0.08% of FTI Consulting as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc increased its stake in shares of FTI Consulting by 1,666.7% during the 4th quarter. IFP Advisors Inc now owns 159 shares of the business services provider's stock valued at $27,000 after acquiring an additional 150 shares during the last quarter. Torren Management LLC acquired a new stake in shares of FTI Consulting in the fourth quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd boosted its position in shares of FTI Consulting by 1,278.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 193 shares of the business services provider's stock worth $31,000 after acquiring an additional 179 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in FTI Consulting in the first quarter valued at approximately $33,000. Finally, Global Retirement Partners LLC acquired a new position in FTI Consulting during the second quarter worth approximately $37,000. 99.36% of the stock is currently owned by hedge funds and other institutional investors.
FTI Consulting Stock Up 0.0%
FTI Consulting stock opened at $151.75 on Thursday. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.76. FTI Consulting, Inc. has a 1-year low of $137.65 and a 1-year high of $189.30. The firm's fifty day simple moving average is $154.47 and its 200-day simple moving average is $162.08. The company has a market capitalization of $4.19 billion, a P/E ratio of 18.35 and a beta of -0.05.
FTI Consulting (NYSE:FCN - Get Free Report) last posted its earnings results on Thursday, July 30th. The business services provider reported $2.16 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.01). FTI Consulting had a return on equity of 15.91% and a net margin of 6.44%.The company had revenue of $993.46 million during the quarter, compared to analyst estimates of $992.75 million. During the same quarter last year, the firm posted $2.13 earnings per share. The firm's revenue for the quarter was up 5.3% compared to the same quarter last year. FTI Consulting has set its FY 2026 guidance at 8.700-9.300 EPS. Sell-side analysts forecast that FTI Consulting, Inc. will post 9.25 earnings per share for the current fiscal year.
FTI Consulting declared that its Board of Directors has approved a share repurchase program on Friday, June 5th that allows the company to buyback $370.00 million in shares. This buyback authorization allows the business services provider to buy up to 7.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on FCN. Weiss Ratings lowered FTI Consulting from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday, July 8th. Truist Financial lifted their price target on shares of FTI Consulting from $165.00 to $180.00 and gave the company a "hold" rating in a research report on Monday, May 4th. The Goldman Sachs Group set a $169.00 price objective on FTI Consulting in a research note on Tuesday, May 19th. Finally, Wall Street Zen downgraded FTI Consulting from a "buy" rating to a "hold" rating in a report on Saturday, May 2nd. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, FTI Consulting has an average rating of "Hold" and an average price target of $174.50.
Get Our Latest Research Report on FCN
About FTI Consulting
(
Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider FTI Consulting, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FTI Consulting wasn't on the list.
While FTI Consulting currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
