CX Institutional Purchases 20,476 Shares of FTI Consulting, Inc. $FCN

Key Points

• CX Institutional significantly increased its holdings in FTI Consulting by 122.9% during Q2, totaling 37,136 shares valued at approximately $5.997 million.
• FTI Consulting's recent earnings report showed an EPS of $2.13, exceeding analysts' expectations of $1.87, with quarterly revenues of $943.66 million.
• Institutional investors currently hold 99.36% of FTI Consulting's shares, indicating strong institutional interest in the company.

CX Institutional boosted its stake in shares of FTI Consulting, Inc. (NYSE:FCN - Free Report) by 122.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,136 shares of the business services provider's stock after buying an additional 20,476 shares during the period. CX Institutional owned approximately 0.11% of FTI Consulting worth $5,997,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of FTI Consulting by 0.9% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,415,254 shares of the business services provider's stock valued at $560,375,000 after acquiring an additional 28,968 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of FTI Consulting by 11.0% during the first quarter. Victory Capital Management Inc. now owns 1,549,781 shares of the business services provider's stock worth $254,288,000 after purchasing an additional 153,523 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of FTI Consulting by 6.9% during the first quarter. Dimensional Fund Advisors LP now owns 749,244 shares of the business services provider's stock worth $122,929,000 after purchasing an additional 48,211 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of FTI Consulting by 0.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 441,760 shares of the business services provider's stock valued at $72,484,000 after acquiring an additional 2,952 shares during the period. Finally, Van Berkom & Associates Inc. grew its position in FTI Consulting by 10.4% during the 1st quarter. Van Berkom & Associates Inc. now owns 430,873 shares of the business services provider's stock worth $70,698,000 after purchasing an additional 40,546 shares during the period. Institutional investors own 99.36% of the company's stock.

FTI Consulting Price Performance

FTI Consulting stock traded down $2.90 during midday trading on Friday, reaching $161.24. The company had a trading volume of 1,117,972 shares, compared to its average volume of 298,703. The firm's fifty day simple moving average is $167.08 and its 200-day simple moving average is $164.67. The company has a market capitalization of $5.22 billion, a P/E ratio of 22.71 and a beta of 0.21. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.11 and a quick ratio of 2.11. FTI Consulting, Inc. has a 12-month low of $151.75 and a 12-month high of $231.65.

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

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.