Bank of America Corp DE Cuts Stock Position in FTI Consulting, Inc. $FCN

Bank of America Corp DE trimmed its stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 53.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 67,236 shares of the business services provider's stock after selling 78,280 shares during the quarter. Bank of America Corp DE owned 0.22% of FTI Consulting worth $11,885,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of FCN. SJS Investment Consulting Inc. increased its holdings in shares of FTI Consulting by 5.3% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,358 shares of the business services provider's stock worth $240,000 after purchasing an additional 68 shares in the last quarter. Ethic Inc. increased its holdings in FTI Consulting by 4.7% in the 4th quarter. Ethic Inc. now owns 1,938 shares of the business services provider's stock worth $331,000 after buying an additional 87 shares in the last quarter. Petros Family Wealth LLC increased its holdings in FTI Consulting by 5.6% in the 1st quarter. Petros Family Wealth LLC now owns 1,727 shares of the business services provider's stock worth $305,000 after buying an additional 92 shares in the last quarter. SkyView Investment Advisors LLC increased its holdings in FTI Consulting by 0.9% in the 4th quarter. SkyView Investment Advisors LLC now owns 10,074 shares of the business services provider's stock worth $1,721,000 after buying an additional 92 shares in the last quarter. Finally, Sepio Capital LP raised its position in FTI Consulting by 3.2% in the 4th quarter. Sepio Capital LP now owns 3,172 shares of the business services provider's stock worth $542,000 after buying an additional 99 shares during the last quarter. 99.36% of the stock is owned by hedge funds and other institutional investors.

FTI Consulting Trading Up 1.5%

Shares of NYSE:FCN opened at $155.73 on Friday. The stock has a 50 day moving average of $154.52 and a 200 day moving average of $162.62. The company has a market cap of $4.30 billion, a PE ratio of 18.83 and a beta of -0.05. FTI Consulting, Inc. has a 12-month low of $137.65 and a 12-month high of $189.30. 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 (NYSE:FCN - Get Free Report) last issued its quarterly 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). The firm had revenue of $993.46 million for the quarter, compared to analysts' expectations of $992.75 million. FTI Consulting had a net margin of 6.44% and a return on equity of 15.91%. FTI Consulting's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.13 EPS. FTI Consulting has set its FY 2026 guidance at 8.700-9.300 EPS. As a group, equities research analysts expect that FTI Consulting, Inc. will post 9.25 EPS for the current year.

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

Wall Street Analyst Weigh In

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

FTI Consulting 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.

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