Diversified Management Inc. Buys 13,438 Shares of FTI Consulting, Inc. $FCN

Key Points

• Diversified Management Inc. bought 13,438 shares of FTI Consulting in the third quarter, valued at approximately $1.81 million. Institutional investors collectively own 99.36% of the company.
• FTI Consulting’s stock opened at $140.76, with a market capitalization of $3.89 billion. The company reported quarterly revenue of $993.46 million, up 5.3% year over year, but EPS of $2.16 narrowly missed estimates.
• Analyst sentiment remains cautious: Weiss Ratings downgraded the stock to “sell,” while the overall consensus rating is “Reduce,” despite a consensus price target of $174.50.

Diversified Management Inc. purchased a new stake in FTI Consulting, Inc. (NYSE:FCN - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 13,438 shares of the business services provider's stock, valued at approximately $1,808,000.

Several other hedge funds also recently added to or reduced their stakes in FCN. BlackRock Inc. acquired a new position in shares of FTI Consulting during the second quarter worth $408,202,000. Victory Capital Management Inc. increased its stake in FTI Consulting by 44.6% during the 4th quarter. Victory Capital Management Inc. now owns 1,634,051 shares of the business services provider's stock worth $279,145,000 after buying an additional 503,885 shares during the period. Black Creek Investment Management Inc. increased its stake 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 buying an additional 402,008 shares during the period. Dimensional Fund Advisors LP lifted its holdings in FTI Consulting by 6.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 921,218 shares of the business services provider's stock worth $162,836,000 after buying an additional 59,524 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in FTI Consulting by 68.6% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 429,545 shares of the business services provider's stock worth $75,931,000 after buying an additional 174,815 shares in the last quarter. 99.36% of the stock is owned by hedge funds and other institutional investors.

FTI Consulting Stock Up 2.2%

NYSE:FCN opened at $140.76 on Friday. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 17.02 and a beta of -0.06. FTI Consulting, Inc. has a one year low of $129.12 and a one year high of $189.30. The stock has a 50-day simple moving average of $147.14 and a 200 day simple moving average of $157.40. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.03 and a current ratio of 2.03.

FTI Consulting (NYSE:FCN - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The business services provider reported $2.16 earnings per share (EPS) 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 analyst estimates of $992.75 million. FTI Consulting had a net margin of 6.44% and a return on equity of 15.91%. The company's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.13 EPS. FTI Consulting has set its FY 2026 guidance at 8.700-9.300 EPS. Sell-side analysts predict that FTI Consulting, Inc. will post 9.25 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded FTI Consulting from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, October 2nd. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Reduce" and a consensus target price of $174.50.

FTI Consulting Profile

FTI Consulting, Inc is a global business advisory firm that helps organizations address complex financial, operational, regulatory and reputational challenges. Its clients include corporations, law firms, financial institutions, government agencies and other organizations.

The company provides services through practices focused on corporate finance and restructuring, forensic and litigation consulting, economic consulting, technology and strategic communications. Its work includes restructuring advice, investigations, disputes and expert testimony, data and technology services, economic analysis, crisis communications and support for major transactions and regulatory matters.

FTI Consulting serves clients internationally through offices and professionals across North America, Europe, the Middle East, Asia-Pacific and other global markets.

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