Bank of America Corp DE Acquires 60,000 Shares of FTI Consulting, Inc. $FCN

Key Points

• Bank of America acquired 60,000 shares of FTI Consulting during the second quarter, valued at approximately $8.94 million and representing about 0.22% of the company. Institutional investors collectively own 99.36% of FTI Consulting.
• FTI Consulting reported quarterly revenue of $993.46 million, up 5.3% year over year, while earnings per share of $2.16 narrowly missed estimates. The company maintained fiscal 2026 EPS guidance of $8.70–$9.30.
• Analysts maintain a consensus “Hold” rating with an average price target of $174.50. FTI Consulting also authorized a $370 million share-repurchase program, allowing buybacks of up to 7.9% of outstanding shares.

Bank of America Corp DE acquired a new position in FTI Consulting, Inc. (NYSE:FCN - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 60,000 shares of the business services provider's stock, valued at approximately $8,941,000. Bank of America Corp DE owned approximately 0.22% of FTI Consulting as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. Black Creek Investment Management Inc. raised its holdings in FTI Consulting by 60.0% during the 4th quarter. Black Creek Investment Management Inc. now owns 1,072,250 shares of the business services provider's stock worth $183,172,000 after purchasing an additional 402,008 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in FTI Consulting during the 2nd quarter valued at about $28,307,000. Legal & General Group Plc bought a new position in shares of FTI Consulting in the 2nd quarter valued at about $6,417,000. Marks Group Wealth Management Inc boosted its stake in shares of FTI Consulting by 59.5% in the 1st quarter. Marks Group Wealth Management Inc now owns 37,144 shares of the business services provider's stock valued at $6,566,000 after purchasing an additional 13,856 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in shares of FTI Consulting during the 4th quarter worth approximately $7,530,000. Institutional investors own 99.36% of the company's stock.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of FTI Consulting from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday, July 8th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $174.50.

FTI Consulting Stock Up 2.9%

NYSE:FCN opened at $134.23 on Friday. FTI Consulting, Inc. has a 12-month low of $129.12 and a 12-month 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. The firm has a market capitalization of $3.71 billion, a P/E ratio of 16.23 and a beta of -0.05. The stock's fifty day simple moving average is $151.55 and its 200-day simple moving average is $159.24.

FTI Consulting (NYSE:FCN - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The business services provider reported $2.16 EPS for the quarter, missing analysts' consensus estimates of $2.17 by ($0.01). FTI Consulting had a net margin of 6.44% and a return on equity of 15.91%. The company had revenue of $993.46 million during the quarter, compared to the consensus estimate of $992.75 million. During the same quarter in the prior year, the company posted $2.13 EPS. The company'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. Equities research analysts expect that FTI Consulting, Inc. will post 9.25 earnings per share for the current year.

FTI Consulting declared that its Board of Directors has authorized a share repurchase program on Friday, June 5th that permits the company to buyback $370.00 million in outstanding shares. This buyback authorization permits the business services provider to repurchase up to 7.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

FTI Consulting Company Profile

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