FTI Consulting, Inc. $FCN Shares Purchased by Boston Partners

Key Points

• Boston Partners increased its stake in FTI Consulting by 67.3%, now owning 226,574 shares valued at approximately $37 million following the acquisition of 91,182 shares.
• FTI Consulting reported earnings of $2.13 per share for the last quarter, surpassing analysts' expectations of $1.87, though revenue decreased by 0.6% compared to the previous year.
• The company has approved a $400 million stock buyback plan, indicating that the board believes the stock is undervalued, allowing for the repurchase of up to 6.9% of its shares.

Boston Partners increased its holdings in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 67.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 226,574 shares of the business services provider's stock after purchasing an additional 91,182 shares during the quarter. Boston Partners owned approximately 0.66% of FTI Consulting worth $37,286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. GeoWealth Management LLC lifted its holdings in shares of FTI Consulting by 46.0% during the fourth quarter. GeoWealth Management LLC now owns 181 shares of the business services provider's stock valued at $35,000 after purchasing an additional 57 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in FTI Consulting in the 1st quarter worth $30,000. Signaturefd LLC lifted its stake in FTI Consulting by 65.3% in the 1st quarter. Signaturefd LLC now owns 205 shares of the business services provider's stock worth $34,000 after purchasing an additional 81 shares in the last quarter. Quarry LP lifted its stake in FTI Consulting by 115.4% in the 4th quarter. Quarry LP now owns 349 shares of the business services provider's stock worth $67,000 after purchasing an additional 187 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of FTI Consulting by 26.6% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 362 shares of the business services provider's stock valued at $59,000 after buying an additional 76 shares in the last quarter. 99.36% of the stock is owned by institutional investors.

FTI Consulting Stock Performance

Shares of FTI Consulting stock traded down $0.26 during trading on Wednesday, hitting $168.84. 378,002 shares of the company's stock were exchanged, compared to its average volume of 389,796. The stock has a market capitalization of $5.46 billion, a price-to-earnings ratio of 23.78 and a beta of 0.18. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.11 and a current ratio of 2.11. The business has a 50-day simple moving average of $165.48 and a 200-day simple moving average of $166.94. FTI Consulting, Inc. has a 52-week low of $151.75 and a 52-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, beating the consensus estimate of $1.87 by $0.26. The business had revenue of $943.66 million for the quarter, compared to analyst estimates of $928.38 million. FTI Consulting had a net margin of 6.82% and a return on equity of 12.88%. The company's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the business earned $2.34 earnings per share. FTI Consulting has set its FY 2025 guidance at 7.800-8.400 EPS. On average, research analysts forecast that FTI Consulting, Inc. will post 8.55 EPS for the current year.

FTI Consulting announced that its Board of Directors has authorized a stock repurchase program on Thursday, April 24th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the business services provider to purchase up to 6.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

Separately, William Blair reiterated 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 given a Hold rating to the stock. According to MarketBeat, the stock presently has an average 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.