Congress Asset Management Co. Has $2.28 Million Stock Holdings in FTI Consulting, Inc. $FCN

Key Points

• Congress Asset Management Co. reduced its holdings in FTI Consulting by 18.4% in the second quarter, leaving them with a total of 14,121 shares valued at $2.28 million.
• Several hedge funds, including GAMMA Investing LLC and CX Institutional, increased their stakes in FTI Consulting significantly, with CX Institutional boosting its position by 122.9%.
• FTI Consulting reported $2.13 earnings per share for the last quarter, surpassing analysts' expectations, while the company's quarterly revenue was down 0.6% year-over-year.

Congress Asset Management Co. cut its position in FTI Consulting, Inc. (NYSE:FCN - Free Report) by 18.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,121 shares of the business services provider's stock after selling 3,175 shares during the period. Congress Asset Management Co.'s holdings in FTI Consulting were worth $2,281,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its stake in FTI Consulting by 64.2% during the 2nd quarter. GAMMA Investing LLC now owns 394 shares of the business services provider's stock valued at $64,000 after purchasing an additional 154 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in FTI Consulting by 10.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,680 shares of the business services provider's stock valued at $594,000 after purchasing an additional 347 shares during the last quarter. CX Institutional boosted its stake in FTI Consulting by 122.9% during the 2nd quarter. CX Institutional now owns 37,136 shares of the business services provider's stock valued at $5,997,000 after purchasing an additional 20,476 shares during the last quarter. UMB Bank n.a. boosted its stake in FTI Consulting by 179.1% during the 2nd quarter. UMB Bank n.a. now owns 494 shares of the business services provider's stock valued at $80,000 after purchasing an additional 317 shares during the last quarter. Finally, TT International Asset Management LTD acquired a new position in FTI Consulting during the 2nd quarter valued at about $3,461,000. Institutional investors and hedge funds own 99.36% of the company's stock.

FTI Consulting Price Performance

FCN stock opened at $161.29 on Friday. The company has a market capitalization of $5.22 billion, a P/E ratio of 22.72 and a beta of 0.21. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.11 and a current ratio of 2.11. FTI Consulting, Inc. has a 52-week low of $151.75 and a 52-week high of $231.65. The business has a 50-day simple moving average of $166.56 and a two-hundred day simple moving average of $164.50.

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

FTI Consulting Company 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.

Want to see what other hedge funds are holding FCN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FTI Consulting, Inc. (NYSE:FCN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.